Category: Cryptocurrency News

During her visit to the United States, the official highlighted the importance of a truly global regulatory effort.

Ericsson, the Swedish telecom hardware and services company, has linked the use of new technologies, such as 5G, with the use of metaverse platforms. According to a study, users that have 5G data services have been spending more time in the metaverse and extended reality apps, and believe these will migrate to headsets in the […]

https://i.imgur.com/1tngNmd.png – BTC on lightning's USD value. Credit: 1ml.com https://i.imgur.com/NfGkONA.png – Market Capitalization of Nano. Credit: coingecko.com We can get into the specifics about what makes Coin A better than Coin B, but that isn't going to help anyone. Telling everyone, "Oh hey, bitcoin is scalable now." is a different story, especially when you can…
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Here’s a couple of things cryptocurrency users should do when dealing with centralized exchanges. List more tips in the comments if you got ‘em. Confirm you are on the actual exchange URL/ app Use 2FA authentication for important operations (Logging in, withdrawing, changing profile settings etc.) & avoid using SMS as a 2FA option Add…
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if the security of a POS chain is based on the price of the coin and the amount staked to secure that blockchain, when prices reach new All time lows during a bear market, won't bad actors have a much easier time to potentially initiate some attack on the chain? Please, Any input is appreciated,…
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A blockchain-based tender bidding platform that was designed by female university students has been named the third-best entry in a Saudi Arabian women’s coding competition. The competition is said to be part of Princess Nourah bint Abdulrahman University’s broader goal of supporting and empowering women in Saudi Arabia’s technology sector. Empowering Women in Saudi Arabia’s […]

TRON (TRX), a lesser known cryptocurrency when compared to Bitcoin, Ethereum, Cardano and Dogecoin, made a loud noise in April 2021 when Tron Foundation announced the asset successfully leaped into the deflation era. In doing so, TRON managed to be the first ever deflationary virtual currency in the world, reducing its total supply then by over 5.7 million, from 101.678 billion to 101.673 billion. The crypto’s parent company shared that the asset’s move from inflation to deflation was carried out after its community reached the consensus to turn TRX into a deflationary altcoin. Since then, from October 28, 2021 to October 12, 2022, the cryptocurrency has maintained its state of deflation for 50 weeks and was closed to reaching one full year. Source:TRONSCAN The milestone was disclosed in a tweet by TRONSCAN, the official TRON blockchain explorer, on October 17th. But as that era ends for TRON, analysts and experts are keen on seeing how it will help the crypto especially during this bearish time for the space. Related Reading: Ethereum In Tight Range – Will Selling Pressure Push ETH Below $1,250? TRON Makes History – But What’s ‘Deflationary’ Crypto? Deflationary cryptocurrencies are those that decrease in terms of supply over time, providing a window for the value of every coin to increase even in cases where there is consistent demand. ⚒️ $TRX has been in a state of #deflation with the total amount of deflation reaching 9.6 billion #TRX, for 50 weeks (2021.10.28-2022.10.12)!! pic.twitter.com/zc2xiGNc2W — TRONSCAN (@TRONSCAN_ORG) October 17, 2022 TRON completed its transition from inflationary to deflationary asset when its network’s community agreed to the introduction of a burning mechanism that was meant to reduce its supply as time went by. On August 14, 2021, the total of TRX tokens minted reached 5,273,312 but that figure failed in comparison to the total number of burned coins which peaked at 1,106,056,407 on May 22, 2022. Fast forward to the present, tracking from Coingecko shows the current total supply of TRX is 101.9 billion, 92.3 billion of which are in circulation. The asset is currently experiencing a high supply inflation rate of 38.51%. A Glance At Current TRX Price And Forecast At press time, according to data from Coincodex, TRON is trading at $0.0625, painting its monitoring charts in green. It is up by 1.41% over the last seven days and by 1.15% over the past month. The next few days will be full of struggle for the asset, as it is predicted to undergo a slight price correction and fall all the way to $0.0620. However, TRX is seen to bounce back from this as its 30-day price forecast shows it will climb up to $0.0695. Sentiment towards the first deflationary cryptocurrency is neutral, as 15 of its technical analysis indicators are sending bullish signals. On the other hand, 14 of its indicators point towards bearish momentum. It remains to be seen how TRON will be affected by the end of its deflationary status considering a crypto’s supply plays a vital role in its price movement. Related Reading: NEAR Platform Active Users Soar – ‘Sweat Economy’ Boosting Token’s Price? TRX market cap at $5.8 billion on the daily chart | Featured image from Zipmex, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.

The latest hyped up blockchain to launch Aptos has done so without even its tokenomics being available to the public. Exchanges have started trading this when traders dont even know how much percentage of the supply is trading, what are the unlock schedules, who are the main VCs holding it etc. Aptos did not have…
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Many, if not most people see technical analysis akin to astrology. And that's fine, but with perspective, I do believe TA can be used to help us identify what is more likely to happen in the future. Unfortunately, the news is not good. I want to see massive gains as much as anybody, but I…
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