Tron’s titanic partnerships could see it jump above $16 before the year closes!

According to CoinMarket Cap, Tron (TRX)is worth $0.03840 with a market capitalization of $2.5 Billion, at the time of writing. The cryptocurrency is making waves, and its recent partnerships could see its value move way-above its current price, and maybe to a price mark of $16.48 in the near future. Let’s see how.



Recently, Trongot featured on Changelly, which is one of the top cryptocurrency exchanges in the world. As a result of this partnership, Changelly officially endorsed the TRXand US dollar trading channel on its platform. Furthermore, users can use their credit card to buy TRXon Changelly. Justin Sun, the CEO of Tron states,
“CHANGELLY HAS MADE REMARKABLE CONTRIBUTIONS TO THE PROMOTION OF CRYPTOCURRENCY GLOBALIZATION. WITH NUMEROUS FANS AND USERS AROUND THE WORLD, TRON’S COOPERATING WITH CHANGELLY WILL ENABLE MORE PEOPLE TO UNDERSTAND AND USE TRX. MEANWHILE, TRON’S LARGE NUMBER OF USERS WILL ALSO GIVE CHANGELLY A BOOST TO THE DEVELOPMENT AND POPULARIZATION OF DIGITAL ASSETS.”

The cryptocurrency is not stopping anytime soon, Tronhas more than eight new plus mega partnerships and more than 16 partnerships total that could see its price spike high before the year ends. There have been strong speculations for quite some time now that Troncould partner with Twitter soon (perhaps that’s the secret project Tron is going to reveal at the end of this month). Not too long ago, Pornhub, Brazzers, and numerous exchanges such as Binance and others embraced Tron (TRX).

Tronpartnered with China’s Netflix, which has more than 200 million users worldwide. In regards to the partnership, Justin Sun said this on his Twitter page:
“WE TRON ARE PROUD TO ANNOUNCE THE PARTNERSHIP WITH BAOFENG GROUP. BAOFENG, AKA CHINESE NETFLIX, BOASTS MORE THAN 200 MILLION USERS AS A VIDEO PORTAL GIANT AND HAS ACHIEVED 8 BILLION CNY LISTING IN SHENZHEN STOCK EXCHANGE (300431.SZ).”

Tronhas also partnered with an app called Gifto – a live streaming app. Tronis becoming a global cryptocurrency to invest in; this can be attributed to the immense effort that the team has put in to make sure the cryptocurrency is where it is today.

Of course, the recent acquisition of BitTorrent by Tronwill help steam the value of the token, TRX. That’s something we can’t take lightly. BitTorrent has more than 100 million active users, which means the cryptocurrency now has the ‘direct access’ 100M more users. In the end, more liquidity.

It is important to know that Tronreleased its MainNet about three months ago and during its recent conference, Justin Sun spoke on the accomplishment his team has accomplished with its MainNet. After Tron’sMainNet launch, it has achieved what Ethereum managed to accomplish in the last three years.

Besides, there have been lots of speculations that Tronwill partner with Alibaba. Alibaba is a multi-billion dollar company owned by Jack Ma. We do know that Sun was one of the best students in Mr. Ma’s university, Hupan University.

Sun was the first millennial student to graduate from the University; in Tron’steam, there is Mr.Chen a close friend of Mr. Ma. Mr. Chen is one of the main people in team Tron, and we shouldn’t be surprised if we see a partnership with the multi-billion dollar company very soon.

Tron’s pricewon’t be stagnant at the $0.038 price mark – there is going to be a big surge in the price very soon. With Bitcoin’s ETF that is said to be approved on August 16th, it could also propel Tron’sworth (as well as the value of other emerging altcoins). Tronis the most talked cryptocurrency on Twitter of recent times, and it can process more than 20,000 transactions within a second. Tron’s continuous strides and team-up with mega players will inevitably increase its value in the future, and this is the right time to invest in it.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: MaxPositives
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Well these 5 Reasons Send Bitcoin to The Moon

After a rather unpleasant 3 months which saw the price of Bitcoin fall to less than half its all-time high, the gold standard of cryptocurrency has finally shown signs of reversal. The market leader is currently trading around $9400, but can Bitcoin ever reach and surpass its previous highs of $20,000? Sure it can — here’s how.

BETTER SECURITY INFRASTRUCTURE

The first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchange. However, for this to happen, more secure and user-friendly infrastructure must be built. Christian Ferri, President and CEO of BlockStar, explained:

“Assuming Bitcoin will be used as a store of value going forward (e.g. digital gold), a better security infrastructure overarching the entire crypto ecosystem will be needed for people to place trust in this new financial medium and start using it. Once this happens, more people will jump in, so a scalable infrastructure will be crucial.”

 

PRICE STABILIZATION

Ferri also noted that security enhancements alone aren’t enough to push Bitcoin into the mainstream as a viable currency. In order to act as legitimate tender, the price needs to be stabilized by protocol enhancements. He explained:

“If new enhancements are done to the protocol to allow Bitcoin (or a fork of thereof) to become a medium for everyday transactions (e.g. buy your Latte with Bitcoin), we’ll need a stability mechanism in place, on top of security and scalability mentioned above. This way that Latte won’t cost you $5 today and $50 tomorrow.”

INSTITUTIONAL INVESTORS

Thirdly, the virtual currency needs big money to come in if it ever expects to reach new highs. And by “big money,” we mean institutional investors. Paul A. Taylor, Executive Chairman of Fabric Foundation, stated:

“The influx of money from institutions putting money into crypto index funds will cause a cascading [effect], causing the herd to rush in.”

Darren Marble of CrowdfundX agrees, noting:

“At this stage, institutional investors hold the key to Bitcoin’s growth. Concerns around liquidity, security, counterparty risk and custody of assets have so far prevented institutional investors from buying Bitcoin on decentralized exchanges.”

REGULATED EXCHANGES

It’s a well-known fact that big-money investors have begun dipping their toes in Bitcoin’s waters — but for institutional investment to really come into play, regulated exchanges need to launch cryptocurrency offerings. Marble stated:

“Only when regulated exchanges — such as tZERO, Coinlist, or even NASDAQ — go live with their secondary crypto trading platforms, will the smart money begin investing directly into Bitcoin. Once this happens, the floodgates will open and we will see a new paradigm emerge; the crypto market cap will exceed $1 billion, and lead by new all-time highs of Bitcoin.”

ETFS

Finally, the last major thing which could push the daddy of cryptocurrency to new highs is the launching of cryptocurrency-related exchange-traded funds — otherwise known as ETFs. Chris Kline, co-founder and COO of BitcoinIRA.com, noted:

“Crypto-related exchange-traded funds may allow for simpler trading through brokerage accounts, which would also contribute to hiked up prices for Bitcoin and other cryptocurrencies. The writing is on the wall; with so much momentum surrounding Bitcoin and other digital currencies, in my opinion, it’s only a matter of time before prices rebound again.”

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Author: Andy James
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Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!