Here’s Why TRON (TRX) Is Only Just Getting Started

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As the cryptocurrency market continues to gain strength and recover from the slight dip we saw at the end of December, many of the major coins are giving way to an increased amount of interest in alternative, small market capitalization cryptocurrencies. Inevitably, this increased interest in coins that fall further down the pecking order from a market capitalization perspective is translating into some upside momentum in tokens that, just last month, would’ve been considered very much off the radar from a mainstream market standpoint.

TRON Daily Chart

TRON Daily Chart

This isn’t to say that the upside in the coins in question isn’t justified, just that they need to be in the spotlight in order to gain strength and, finally, the spotlight is now on them.

One such coin is TRON (TRX).

You can buy TRX at Binance.

This one is an interesting one.

At the start of December, TRX was trading for $0.002 a share. At its most recent close, the coin went for $0.16 – a close to 8000% increase in a little over four weeks. To put this in perspective, bitcoin (BTC) gained around 1500% during the whole of 2017.

24-hour volume for TRX hit $2.8 billion this week and the total market capitalization sits at just shy of $11 billion, which is, again, up dramatically from the $150 million market capitalization recorded on December 1.

So what’s driving the action and what’s next?

That’s the golden question, of course, and it’s one that we are going to try and answer below.

So, what’s TRON?

Here’s the blurb: TRON is a world-leading blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.

That seems pretty vague but the system and the technology behind it isn’t overly complicated. It’s basically a digital content ledger that allows for the free transfer and storage of secure, time-stamped digital content, and the TRX cryptocoin is the token associated with fees etc. on the blockchain.

And why is it running up now?

Well, aside from the fact that the entire cryptocurrency space (weighted towards the altcoin space) is getting a lot of attention at the moment, as outlined above, TRON has picked up quite a few fundamental developments over the past couple of weeks and is pitching to release further advancement news near term.

The company is developing a decentralized messaging app which, in the wake of the recent situation in Iran, has a very firm use case in place as and when it hits the shelves. Further, at the end of December last year, the former data mining chief at AliBaba, Zhao Hong (Marcus) Joined TRON. That’s validation of the company’s positioning in this space.

And that’s not all. Reports of NASDAQ listed companies with more than 100 million users wanting to partnership with TRON are circulating (and are rooted in official company Tweets) ahead of the main-net release, which is slated for this quarter.

There is also a strategic partnership in place with Game.com, again, serving to validate the company’s authority in its target niche.

The bottom line here is relatively simple.

Many of the smaller cryptocurrencies are running up on nothing more than increased speculative attention. In contrast, TRON is running, yes, and to a degree, it’s based on increased speculative attention, but, at the same time, there are solid fundamental developments in place to support the gains. This means that when the wider market corrects, TRON will likely just consolidate and, in turn, push higher as the year matures.

Throughout 2018, then, our thesis on TRON is very much a bullish one.

Let’s see how things play out.

You can buy TRX at Binance.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

How to Buy Bitcoin Gold at Binance (BTG)

How to Buy Bitcoin Gold at Binance (BTG)

This is a short guide to safely buying Bitcoin Gold (also known as BTG coin) on the Binance exchange.  Binance is a fast-growing exchange where you can buy Altcoins (meaning “alternative coins”).

What is Bitcoin Gold

Bitcoin Gold is a fork of the Bitcoin blockchain. At block 491407, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency is born.

BTG Token Details

Official Website: https://bitcoingold.org
Name:  Bitcoin Gold
Token:  BTG
Total Supply: 16,848,524
Circulating Supply: 16,748,524

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

how to buy altcoins at binance crypto exchange

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

how to sign up for binance platform

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

register at binance

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

How to Buy Bitcoin at Coinbase

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

deposit ether at binance exchange wallet

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

how to deposit ethereum at binance crypto exchange

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

deposit address for how to fund binance

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for BTG tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

buy altcoins at binance

 

Search for the BTG/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “BTG” in the search box.

trading altcoins at binance

Under the BTG/ETH chart, you’ll find the Buy BTG section.

how to buy Bitcoin Gold (BTG) at binance

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each BTG token.

The second box with the Amount label is where you enter the number of BTG tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY BTG” button.

How to Buy Wings at Binance (WINGS)

How to Buy Wings at Binance (WINGS)

This is a short guide to safely buying Wings (also known as WINGS coin) on the Binance exchange.  Binance is a fast-growing exchange where you can buy Altcoins (meaning “alternative coins”).

What is Wings

Wings is the first DAO management platform that provides a full, simple to use ecosystem to create and manage Decentralized Autonomous Organizations

WINGS Token Details

Official Website: https://www.wings.ai
Name:  Wings
Token:  WINGS
Total Supply: 100,000,000
Circulating Supply: 89,708,333

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

how to buy altcoins at binance crypto exchange

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

how to sign up for binance platform

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

register at binance

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

How to Buy Bitcoin at Coinbase

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

deposit ether at binance exchange wallet

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

how to deposit ethereum at binance crypto exchange

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

deposit address for how to fund binance

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 5: Trade your Ether for WINGS tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

buy altcoins at binance

 

Search for the WINGS/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “WINGS” in the search box.

trading altcoins at binance

Under the WINGS/ETH chart, you’ll find the Buy WINGS section.

how to buy Wings (WINGS) at binance

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each WINGS token.

The second box with the Amount label is where you enter the number of WINGS tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY WINGS” button.