Tron – Tron – Crypto.com coin, Tron, Kusama price Analysis: 28 March | Fintech Zoom

Crypto.com coin could move deeper into red territory if it fails to hold on to $0.2 support. Tron witnessed an upward breakout from a down channel, while Kusama maintained a strong uptrend since the start of 2021.

Bollinger Bands on Crypto.com Coin converged and showed low volatility in the market as the price moved slightly above $0.2. The aforementioned level represented crucial support for the bulls, and failure to maintain it would likely lead to additional losses towards $0.17, another strong region of support.

At the time of writing, the 24-hour trading volumes ticked up and a bearish scenario could be averted over the coming sessions. MACD line was superimposed on the Signal line and represented a balanced market. To target record levels, CRO bulls would look to initiate a rise above $0.248.

A breakout from the upper trendline saw sharp bullish movement on Tron as it negated a down channel on the 4-hour timeframe. The rise also saw Tron move towards its local high of $0.068, a region that witnessed a strong sell-off during the previous rally. With MACD closing in on a bearish crossover, and RSI showing a bearish divergence, the price was in danger of losing out to support at $0.0627.

If the bulls do overcome bearish sentiment and maintain the aforementioned support mark, then a rise above its local high would be on the cards. A boost from the broader market would also enable Tron to break upward on the chart.

A markup phase was evident on Kusama’s 4-hour chart after the price showed a prolonger uptrend since the start to 2021. Year-to-date gains amounted to over 568% as KSM climbed up the crypto-rankings and positioned itself as the world’s 25th largest cryptocurrency with a market cap of $4.1 Billion. Higher highs and fresher record levels were characteristics of a markup phase, and KSM’s price movement showed exactly that over the last few sessions of trade.

RSI pointed north from above 60 and showed strength on the bullish side. However, Awesome Oscillator noted some choppy movement and even registered a red bar at the time of writing. A pullback, although unlikely, would highlight support levels at $458.7 and $420.5.

Tron – Tron – Crypto.com coin, Tron, Kusama price Analysis: 28 March | Fintech Zoom Tags: Tron

Tron – Tron – What Is It, History and How to Buy | Fintech Zoom

Tether: What Is It, History and How to Buy

Tether is a blockchain-based cryptocurrency that has its roots in the U.S. It has some controversial history, as it was one of the first cryptocurrencies to peg its value directly to an existing fiat currency. Originally, each Tether token was said to be valued at $1 in U.S. currency, though that backing has since changed. These tokens, which were formally known as “Realcoin,” currently trade under Fintech Zoom USDT. Investing in cryptocurrency has become very popular, and a financial advisor can help you get started.

What Is Tether?

Tether is an open source, peer-to-peer blockchain digital currency. Blockchain allows data to be stored in multiple locations in chronological order. It’s used to protect the system from being overtaken by a single entity. Many cryptocurrencies use blockchain outside of Tether.

Tether is, in theory, tied to a fiat currency, which is the U.S. dollar. As a result, Tether is referred to as a “stablecoin.” This is different from cryptocurrencies like Bitcoin and Ethereum, whose prices fluctuate significantly and whose value is determined on a more speculative basis. That said, a report from CryptoCompare shows that nearly 80% of Bitcoin trading is done in Tether, making it a major source of crypto liquidity.

This type of crypto is designed to be literally tied to the value of the fiat currency that it represents. In other words, each U.S. Tether token is supposed to be worth $1 at all times. However, this has been the subject of some controversy. In 2019, Tether revealed that it wasn’t 100% backed by fiat currency, and that each U.S. Tether token was backed by closer to $0.75.

Currently, there are four Tether stablecoin currencies: USDT (tied to the U.S. dollar), EURT (tied to the Euro), CNHT (tied to the Chinese yuan) and XAUT (tied to one ounce of gold per token).

How to Buy Tether

Like many cryptocurrencies, you can buy Tether through any global exchange, like Kraken, Binance or Kriptomat, for example. Most global cryptocurrency exchanges work similarly. You create an account, fill out your personal information and fund your account using fiat currency. You can then use the funds you deposit to buy cryptocurrencies such as Tether.

Keep in mind that you’ll be buying Tether from a brokerage and not directly from the blockchain. Once you own Tether on a global exchange, you can trade it at its market value or buy more. You may also want to use a cryptocurrency wallet to store your crypto holdings.

You cannot buy fractional shares of Tether, and there is no fixed amount of the cryptocurrency available. Tether also cannot be mined.

Tether History

Tether tokens are issued by Tether Ltd. It was created in 2014 under the name Realcoin, and it rebranded to Tether thereafter. Brock Pierce, Reeve Collins and Craig Sellars are the co-founders of the cryptocurrency, which first launched on the Omni Layer of the Bitcoin blockchain. It began trading in 2015.

The founders launched three types of Tether, each tied to a different fiat currency with each token said to be worth one unit of said currency. Currently, it is the largest stablecoin in terms of market capitalization. It is also a part of other protocols than the Omni Layer of Bitcoin, including Ethereum, bitcoin cash, TRON, EOS and Liquid Network.

Tether hasn’t been without its issues, though. Most notably, in 2019, iFinex Inc., the parent company of Tether Ltd., was accused of trying to cover up an $850 million loss by taking over around $700 million of Tether’s cash reserves and using it to repay investors. It wasn’t clear if there was any wrongdoing, though Tether vehemently denied it in the court filings. According to the company, the money had simply been seized and safeguarded.

In 2017, Tether went through an alleged hacking where over $31 million worth of tokens were stolen. After this event, the company didn’t perform an audit that was designed to ensure it would have enough in reserves. The company even went as far as to fire its audit team, with the issuing of a subpoena coming not long after.

Should I Trade or Sell Tether?

Tether is less volatile than many other cryptocurrencies, simply because it’s directly tied to a fiat currency. So, if you’re thinking of buying or trading Tether, you shouldn’t expect a windfall or the type of volatility you might see from a cryptocurrency like Bitcoin or Dogecoin.

In addition, there are very little speculative elements to Tether, which makes it a relatively safe and stable cryptocurrency investment. Some even consider it akin to buying and holding cash or another foreign currency. If you anticipate large fluctuations in the market for the U.S. dollar or the Euro, for example, this could be a worthwhile investment.

Bottom Line

Tether is a common type of cryptocurrency, making it one of the more recognizable names in the crypto space. Despite a handful of controversies that the currency and its company have run into, it has still proven to be a rather secure and stable cryptocurrency. Again this is mainly due to the fact that it is tied to the value of existing fiat currencies. That means it’s not subject to intense market swings like Bitcoin can be.

Tether is immensely popular and easy to buy on any cryptocurrency exchange. So if you’re interested in getting into the crypto game, this could be a good place to start.

Tips for Investing in Cryptocurrency

Cryptocurrency investments are extremely attractive, but they’re much harder to understand than a simple stock or bond. That’s where a financial advisor who’s familiar with crypto can be an important partner for you and your family. Luckily, finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors in your area in just five minutes. Get started now.

Whether you’ve been investing in cryptocurrency for years or are just getting started, it pays to be prepared. SmartAsset’s free investment calculator can help you determine what kinds of returns you need to reach your goals.

Where there’s money being made, you’ll likely find Uncle Sam nearby. Investing is no different, and hitting it big on the stock market can lead to sizable taxes if not handled correctly. Use SmartAsset’s capital gains tax calculator to figure out how to minimize your taxes.

Photo credit: ©iStock.com/primeimages, ©iStock.com/metamorworks, ©iStock.com/ayo888

The post Tether: What Is It, History and How to Buy appeared first on SmartAsset Blog.

Tron – Tron – What Is It, History and How to Buy | Fintech Zoom Tags: Tron

Tron – Crypto.com coin, Tron, Kusama price Analysis: 28 March

Crypto.com coin could move deeper into red territory if it fails to hold on to $0.2 support. Tron witnessed an upward breakout from a down channel, while Kusama maintained a strong uptrend since the start of 2021.

Bollinger Bands on Crypto.com Coin converged and showed low volatility in the market as the price moved slightly above $0.2. The aforementioned level represented crucial support for the bulls, and failure to maintain it would likely lead to additional losses towards $0.17, another strong region of support.

At the time of writing, the 24-hour trading volumes ticked up and a bearish scenario could be averted over the coming sessions. MACD line was superimposed on the Signal line and represented a balanced market. To target record levels, CRO bulls would look to initiate a rise above $0.248.

A breakout from the upper trendline saw sharp bullish movement on Tron as it negated a down channel on the 4-hour timeframe. The rise also saw Tron move towards its local high of $0.068, a region that witnessed a strong sell-off during the previous rally. With MACD closing in on a bearish crossover, and RSI showing a bearish divergence, the price was in danger of losing out to support at $0.0627.

If the bulls do overcome bearish sentiment and maintain the aforementioned support mark, then a rise above its local high would be on the cards. A boost from the broader market would also enable Tron to break upward on the chart.

A markup phase was evident on Kusama’s 4-hour chart after the price showed a prolonger uptrend since the start to 2021. Year-to-date gains amounted to over 568% as KSM climbed up the crypto-rankings and positioned itself as the world’s 25th largest cryptocurrency with a market cap of $4.1 Billion. Higher highs and fresher record levels were characteristics of a markup phase, and KSM’s price movement showed exactly that over the last few sessions of trade.

RSI pointed north from above 60 and showed strength on the bullish side. However, Awesome Oscillator noted some choppy movement and even registered a red bar at the time of writing. A pullback, although unlikely, would highlight support levels at $458.7 and $420.5.

Tron – Crypto.com coin, Tron, Kusama price Analysis: 28 March Tags: Tron

Blockchain-based casino Playza has launched on the TRON network. Playza offers a fair and transparent online gaming experience for crypto users in eligible jurisdictions, with a range of traditional casino games available. There will be no sign-ups, withdrawals or deposits and no forms to fill out.

At launch, Playza will exclusively support TRON and TRX tokens for deposits, though plans are in place to support further digital assets – including ETH and EOS – in the months ahead. 

Users are free to play slots, roulette, and a selection of other popular betting games by connecting to the platform via TRONLink, the most popular crypto wallet for TRON users.

By interacting with Playza, players can cut the middleman out of the equation and act as their very own custodian. The launch of a comprehensive decentralized gambling platform eliminates the need for users to complete invasive forms or verify their identity: all they need to do is connect TRONLink, fund an account, and start gaming. 

Although there is no native Playza token, the platform intends to distribute dividends to the most active players for 10% of the total revenue accrued. The casino does not have minimum/maximum deposit limits for any of its featured games, and all deposits and withdrawals are processed instantaneously.

“We at Playza are excited to provide the gambling and crypto communities the most restriction free experience ever imagined! Using cutting edge TRONLink technology, we put the user in the driver’s seat, controlling every aspect of their balance and play from their personal wallets to our games” said Billy Nguyen, chief operating officer at Playza.

TRON has garnered a reputation as “Las Vegas on the blockchain” due to the number of gambling dApps under its umbrella. Applications such as TronVegas, Limitless, and Rocket Game give users the opportunity to place wagers in cryptocurrency, and to withdraw funds directly to their digital wallet.

The launch of Playza on TRON feeds into the latter’s goal of constructing a global digital content entertainment system on its highly scalable network. Playza’s team intends to realize the full potential of decentralized gaming and continue to make the platform fair, decentralized and robust to everyone.

About Tron

TRON is dedicated to accelerating and the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by Justin Sun, the company launched its mainnet and Virtual Machine the following year and has since acquired BitTorrent, a pioneer in decentralized services boasting approximately 100 million monthly active users.

About Playza

Playza is a TRON based blockchain platform with no middle, fees or sign up functions. The platform supports transparent odds and betting protocols and caters to everyones. Users can play directly from their own wallet as there are no deposits or withdrawals to any entity, but rather users act as their own custodian and focus on the actual games.

Disclaimer: This article is a paid post and must not be considered as news/advice. 

Reef Finance launches Maldives Reef Chain testnet for solidity developers

Tron, Synthetix, Compound Price Analysis: 01 April

Anjali is currently pursuing her Masters, specializing in Mass communication, and journalism. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.

NFTs have been catapulted beyond the confines of the cryptocurrency community and are now also leaving their mark on mainstream consciousness. These blockchain-based tokens that can be used to easily verify authenticity and represent ownership of practically any asset are being embraced by creators of all types, with applications in art and collectibles currently having the most traction.

While Ethereum has had a head-start as the leading NFT platform, the competition isn’t sleeping. And given the costs of using Ethereum at the moment, it’s hard to imagine a better time for other blockchain platforms to make their case. 

A technical specification for TRC-721, a standard for NFTs on the TRON blockchain, has been made publicly available just a few days ago. As TRON gets ready to kickstart its own NFT ecosystem, American actress Lindsay Lohan has announced that she will be launching an exclusive NFT on TRON. 

Lohan has already been active in the NFT space, auctioning off several artworks on Rarible starting in February. She says that NFTs are playing a key role in the entertainment industry acknowledging the potential of cryptocurrency. As for her upcoming TRON NFT launch, Lohan stated:

"The whole world has been keen to learn more about the NFT space. I couldn’t be happier to be a part of this revolution, helping to bridge the gap between creators and content admirers. I’m also really excited to be jumping on board with Justin Sun, Founder of TRON, on Clubhouse to further discuss NFTs and the launch of my artwork. Be sure to catch our fun-filled and informative session."

Lohan will be joining TRON founder Justin Sun on a Clubhouse session starting on March 18, 10:30 PM PST, where they will reveal more about her TRON-based NFT. 

Justin Sun also has first-hand experience with NFTs – he was one of the highest bidders for Beeple’s "The First 5000 Days", an NFT that sold for $69.3 million at a Christie’s auction. Unfortunately for Sun, he was outbid in the last seconds of the auction.

The Tron Foundation has launched its non-fungible token (NFT) fund dubbed the “Just NFT Fund,” an initiative that is targeted to be the Ark Funds in the NFT Metaverse.

In an open letter to stakeholders in the Tron blockchain network, Justin Sun, the Founder of the Tron Blockchain reiterated the revolutionary strides of NFTs in the blockchain and crypto space today, projecting that as much as 50% of the world’s artists and artworks will be recorded as NFTs in the next decade.

Just NFT Fund is positioned to sign up top-notch artists and to help facilitate the growth of all its supported creators.

“The highly sought-after NFT market calls for the birth of JUST NFT fund, which aims to be the ARK Funds in the NFT space to register world-class artworks as NFTs on blockchain. JUST NFT fund was born to build a bridge between top-notch artists and blockchain, and to support the growth of native crypto NFT artists,” said Justin Sun in the Open Letter.

According to additional details provided on the operational dynamics of the Just NFT Fund, only artists whose art pieces have a price tag of $1 million and a median value of $10 million will be signed on. The Tron Foundation said it will operate on the belief that “the art space is also subject to the 80–20 rule, or the Pareto Principle, where only the value of the artists sitting at the tippy-top of the pyramid can stand the test of time.”

Justin Sun has been a renowned fan of NFTs. He lost a bid for Beeple’s Everydays: The First 5,000 Days to MetaKovan but later placed the winning bid for one of Beeple’s artworks dubbed “The Ocean Front”. The piece, which has a climate change theme, sold for $6 million and the proceeds will be going to charity.

The Ocean Front will be the flagship NFT for the Just Fund and will be mapped 1:1 to the Tron Network.

Image source: Shutterstock

Credit: Source link

While Ethereum costs users too much to own any NFTs, TRON blockchain and TRC721 protocol are viable alternatives to the high gas fees and slow transition speed on Ethereum.

Lindsay, an admired and loved creator, is no stranger to the NFT and crypto world. She has been active and vocal about crypto adoption and has shown great interest in the NFT space. She is trailblazing by being one of the first few to pave the way leading towards mass adoption by providing content and educating people globally on all things crypto. Her highly anticipated new NFT auction will go live on March 20, 2021.

Lindsay Lohan said,

“Hollywood and the music industry are finally waking up to crypto, and it is [in] large part thanks to NFTs. The whole world has been keen on learning more about the NFT space. I couldn’t be happier to be a part of this revolution, helping to bridge the gap between creators and content admirers. I’m also really excited to be jumping on board with Justin Sun, founder of TRON, on Clubhouse to further discuss NFTs and the launch of my artwork. Be sure to catch our fun-filled and informative session.”

Founder of TRON and CEO of BitTorrent, Justin Sun, said,

“We welcome the launch of Lindsay’s NFT on the TRON blockchain. Lindsay is a true icon and has been very vocal about crypto, blockchain adoption and NFTs. I’m looking forward to an exciting discussion with her this Thursday.”

The Clubhouse will be live March 18, 2021, at 10:30 p.m. PST. Click here for details.

TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch in May 2018, network independence in June 2018 and TRON Virtual Machine launch in August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100 million monthly active users.

Website | Telegram | Medium | Twitter | Reddit

Ethereum met with rejection above $1,841.9 and projected consolidation within its present channel. Tron could move below $0.06-support and stabilize at lower levels. Lastly, a retest of the $1.24 level could see ALGO test $1.35 resistance once again.

Ethereum was rejected above the $1,841.9 mark and the price moved back within a range at the time of writing. While the consolidation phase continues for the world’s largest altcoin, bulls must be wary of losing out to $1,725.9 support. Since the aforementioned support coincided with the 200-SMA (green), a breakdown from the current channel would likely lead to a sell-off at the $1,640 level.

The OBV showed a majority of sellers as the price closed in on the $1,944-level. The MACD flashed a bearish crossover as ETH fell below its press time resistance, while the histogram noted a rise in bearish momentum.

Tron traded just above around the $0.06 mark at the time of writing, after reversing direction from a local high at over $0.068. The RSI peaked in the overbought region, reversed trajectory, and floated around 60 as the bulls maintained strength in the market. However, a bearish crossover in the MACD would likely see TRX lose out to its press-time support and settle at lower levels.

The next support marks reside at $0.057 and $0.0537, which presented a more realistic goal for stabilization. Trading volumes of above $3.5 Billion showed that sellers were already offloading the cryptocurrency, and little resistance by the bulls could mean a breakdown over the coming sessions.

While Algorand climbed steadily above multiple resistance levels on the 4-hour timeframe, sellers stepped in at the $1.35-mark. The OBV showed a bullish divergence, but the same was negated as the price moved south despite higher highs on the index. The next few sessions could determine whether ALGO would continue its recovery. A retest and a move above $1.24 resistance would likely see the price head towards the next ceiling at $1.35 once again.

If the bulls fail to make a comeback, some consolidatory movement can be expected between the cryptocurrency’s current channel. The Awesome Oscillator’s red bars moved below the half-line and backed a bearish outcome in the short-term.

Chainlink, Cosmos, FTT Token Price Analysis: 21 March

Why the next crypto winter won’t last as long as the previous ones

A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Ethereum, Dogecoin, XRP Price Analysis: 28 March

Algorand, Chiliz, Polkadot Price Analysis: 28 March

What’s next for Ethereum, Cardano, Vechain and Holo after their weeklong bullish streak?

Ethereum Price Analysis: 27 March

Ethereum, Chainlink, Theta Price Analysis: 26 March

Tron, Cosmos, Zcash Price Analysis: 25 March

Tron – What Is It, History and How to Buy

Tether: What Is It, History and How to Buy

Tether is a blockchain-based cryptocurrency that has its roots in the U.S. It has some controversial history, as it was one of the first cryptocurrencies to peg its value directly to an existing fiat currency. Originally, each Tether token was said to be valued at $1 in U.S. currency, though that backing has since changed. These tokens, which were formally known as “Realcoin,” currently trade under Fintech Zoom USDT. Investing in cryptocurrency has become very popular, and a financial advisor can help you get started.

What Is Tether?

Tether is an open source, peer-to-peer blockchain digital currency. Blockchain allows data to be stored in multiple locations in chronological order. It’s used to protect the system from being overtaken by a single entity. Many cryptocurrencies use blockchain outside of Tether.

Tether is, in theory, tied to a fiat currency, which is the U.S. dollar. As a result, Tether is referred to as a “stablecoin.” This is different from cryptocurrencies like Bitcoin and Ethereum, whose prices fluctuate significantly and whose value is determined on a more speculative basis. That said, a report from CryptoCompare shows that nearly 80% of Bitcoin trading is done in Tether, making it a major source of crypto liquidity.

This type of crypto is designed to be literally tied to the value of the fiat currency that it represents. In other words, each U.S. Tether token is supposed to be worth $1 at all times. However, this has been the subject of some controversy. In 2019, Tether revealed that it wasn’t 100% backed by fiat currency, and that each U.S. Tether token was backed by closer to $0.75.

Currently, there are four Tether stablecoin currencies: USDT (tied to the U.S. dollar), EURT (tied to the Euro), CNHT (tied to the Chinese yuan) and XAUT (tied to one ounce of gold per token).

How to Buy Tether

Like many cryptocurrencies, you can buy Tether through any global exchange, like Kraken, Binance or Kriptomat, for example. Most global cryptocurrency exchanges work similarly. You create an account, fill out your personal information and fund your account using fiat currency. You can then use the funds you deposit to buy cryptocurrencies such as Tether.

Keep in mind that you’ll be buying Tether from a brokerage and not directly from the blockchain. Once you own Tether on a global exchange, you can trade it at its market value or buy more. You may also want to use a cryptocurrency wallet to store your crypto holdings.

You cannot buy fractional shares of Tether, and there is no fixed amount of the cryptocurrency available. Tether also cannot be mined.

Tether History

Tether tokens are issued by Tether Ltd. It was created in 2014 under the name Realcoin, and it rebranded to Tether thereafter. Brock Pierce, Reeve Collins and Craig Sellars are the co-founders of the cryptocurrency, which first launched on the Omni Layer of the Bitcoin blockchain. It began trading in 2015.

The founders launched three types of Tether, each tied to a different fiat currency with each token said to be worth one unit of said currency. Currently, it is the largest stablecoin in terms of market capitalization. It is also a part of other protocols than the Omni Layer of Bitcoin, including Ethereum, bitcoin cash, TRON, EOS and Liquid Network.

Tether hasn’t been without its issues, though. Most notably, in 2019, iFinex Inc., the parent company of Tether Ltd., was accused of trying to cover up an $850 million loss by taking over around $700 million of Tether’s cash reserves and using it to repay investors. It wasn’t clear if there was any wrongdoing, though Tether vehemently denied it in the court filings. According to the company, the money had simply been seized and safeguarded.

In 2017, Tether went through an alleged hacking where over $31 million worth of tokens were stolen. After this event, the company didn’t perform an audit that was designed to ensure it would have enough in reserves. The company even went as far as to fire its audit team, with the issuing of a subpoena coming not long after.

Should I Trade or Sell Tether?

Tether is less volatile than many other cryptocurrencies, simply because it’s directly tied to a fiat currency. So, if you’re thinking of buying or trading Tether, you shouldn’t expect a windfall or the type of volatility you might see from a cryptocurrency like Bitcoin or Dogecoin.

In addition, there are very little speculative elements to Tether, which makes it a relatively safe and stable cryptocurrency investment. Some even consider it akin to buying and holding cash or another foreign currency. If you anticipate large fluctuations in the market for the U.S. dollar or the Euro, for example, this could be a worthwhile investment.

Bottom Line

Tether is a common type of cryptocurrency, making it one of the more recognizable names in the crypto space. Despite a handful of controversies that the currency and its company have run into, it has still proven to be a rather secure and stable cryptocurrency. Again this is mainly due to the fact that it is tied to the value of existing fiat currencies. That means it’s not subject to intense market swings like Bitcoin can be.

Tether is immensely popular and easy to buy on any cryptocurrency exchange. So if you’re interested in getting into the crypto game, this could be a good place to start.

Tips for Investing in Cryptocurrency

Cryptocurrency investments are extremely attractive, but they’re much harder to understand than a simple stock or bond. That’s where a financial advisor who’s familiar with crypto can be an important partner for you and your family. Luckily, finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors in your area in just five minutes. Get started now.

Whether you’ve been investing in cryptocurrency for years or are just getting started, it pays to be prepared. SmartAsset’s free investment calculator can help you determine what kinds of returns you need to reach your goals.

Where there’s money being made, you’ll likely find Uncle Sam nearby. Investing is no different, and hitting it big on the stock market can lead to sizable taxes if not handled correctly. Use SmartAsset’s capital gains tax calculator to figure out how to minimize your taxes.

Photo credit: ©iStock.com/primeimages, ©iStock.com/metamorworks, ©iStock.com/ayo888

The post Tether: What Is It, History and How to Buy appeared first on SmartAsset Blog.

Tron – What Is It, History and How to Buy Tags: Tron

Tron, the blockchain network founded by Justin Sun, has hit a huge milestone, with the total number of accounts on the protocol surpassing 25 million.

Per the data from TRONSCAN, the block explorer of the Tron blockchain, the total accounts on the Tron main chain as well as the Sun network is pegged at 25,008,339, attained at block number, north of 28,494,018.

The milestone is a shift in the recognition of the Tron blockchain as one of the most used public networks in the space today. With numerous blockchain protocols out there, Tron lags behind Bitcoin blockchain with total unique addresses coming in at 36.76 million addresses with a balance in them, and over 800 million unique addresses in total. The Ethereum blockchain has a total of over 143 million unique addresses that runs on the network.

Is Tron’s TRX Undervalued?

With a market cap of $3.6 billion, TRX is seen by many as undervalued seeing it has over $7.1 billion in total value locked (TVL) in decentralized finance smart contracts, with a staggering $300 million daily growth.

Compared to other digital currencies with a lower market cap including Solana (SOL), and Bitcoin SV (BSV) amongst others, TRX’s price is outrightly underperforming, a situation that is negatively correlated with its growth metrics. 

Crypto.com coin could move deeper into red territory if it fails to hold on to $0.2 support. Tron witnessed an Read more

With Bitcoin holding itself above its critical horizontal support in the $51k-$52k region, the bearish outlook for altcoins in the Read more

Tron is ranked 21st on the CoinMarketCap ranking, with a market capitalisation of $4.62 billion. Year to date, the digital Read more

 A retest of the $1.24 level could see ALGO test the $1.35 resistance level once more. Ethereum was refused above Read more

Monero was limited below the $238.6-resistance. After the late-February pullback, SNX has shown signs of improvement. Tezos offered an upside Read more

BAT, on the other hand, surged past $1 and reached a high of $1.41. Tron encountered considerable uncertainty during the Read more

Aave climbed north from the 23.6 percent Fibonacci mark, while DGB was sandwiched between its 200-SMA and 50-SMA. Tron was Read more

 Maker lost $2,034 in support, while SUSHI bears sought a $17-mark decline. Tron traded in an ascending triangle, but a Read more

Tron has had a good share success in the last 6 weeks. At the time of publication, the price seemed Read more

A few days after Bitcoin's chart hike spurred the rest of the altcoin industry, the momentum of the latter appeared Read more

 Augur shifted the $33.3-level from opposition to help. Decred recovered with power and traded in the supply area at $170, Read more

BAT is expected to be above its local average of $0.84, if the market breaks north of its symmetrical triangle. Read more

With Bitcoin holding itself above its critical horizontal support in the $51k-$52k region, the bearish outlook for altcoins in the Read more

When market leaders Bitcoin and Ethereum fell further into bear territory, other altcoins suffered setbacks and struggled to find funding Read more

Tron is ranked 21st on the CoinMarketCap ranking, with a market capitalisation of $4.62 billion. Year to date, the digital Read more

 A retest of the $1.24 level could see ALGO test the $1.35 resistance level once more. Ethereum was refused above Read more

BAT, on the other hand, surged past $1 and reached a high of $1.41. Tron encountered considerable uncertainty during the Read more

Aave climbed north from the 23.6 percent Fibonacci mark, while DGB was sandwiched between its 200-SMA and 50-SMA. Tron was Read more

 Maker lost $2,034 in support, while SUSHI bears sought a $17-mark decline. Tron traded in an ascending triangle, but a Read more

Tron has had a good share success in the last 6 weeks. At the time of publication, the price seemed Read more

A few days after Bitcoin's chart hike spurred the rest of the altcoin industry, the momentum of the latter appeared Read more

 Augur shifted the $33.3-level from opposition to help. Decred recovered with power and traded in the supply area at $170, Read more

BAT is expected to be above its local average of $0.84, if the market breaks north of its symmetrical triangle. Read more

Bitcoin Cash traded just above the support level at $507 as the bearish sentiment took hold. Elrond and Tron seemed Read more

In the short term, Algorand expected neutral traction, while Nano bulls aimed to turn the $5 stage from opposition to Read more

Tron and Compound have registered substantial losses in recent days, with TRON gaining nearly 40% in 48 hours. Synthetix was Read more

Tron has risen to the 23rd spot on CoinMarketCap's list of cryptocurrencies, with a market capitalisation of $4.55 billion. Despite Read more

With Bitcoin holding itself above its critical horizontal support in the $51k-$52k region, the bearish outlook for altcoins in the Read more

When market leaders Bitcoin and Ethereum fell further into bear territory, other altcoins suffered setbacks and struggled to find funding Read more

Tron is ranked 21st on the CoinMarketCap ranking, with a market capitalisation of $4.62 billion. Year to date, the digital Read more

 A retest of the $1.24 level could see ALGO test the $1.35 resistance level once more. Ethereum was refused above Read more

Monero was limited below the $238.6-resistance. After the late-February pullback, SNX has shown signs of improvement. Tezos offered an upside Read more

BAT, on the other hand, surged past $1 and reached a high of $1.41. Tron encountered considerable uncertainty during the Read more

Aave climbed north from the 23.6 percent Fibonacci mark, while DGB was sandwiched between its 200-SMA and 50-SMA. Tron was Read more

 Maker lost $2,034 in support, while SUSHI bears sought a $17-mark decline. Tron traded in an ascending triangle, but a Read more

Tron has had a good share success in the last 6 weeks. At the time of publication, the price seemed Read more

Tron – Investing for Beginners – Quiz

Investing gives you a solid opportunity to grow your money.

While investing for beginners can seem overwhelming, by examining your needs and goals, you can create an effective—and profitable—investment strategy.

Getting started with investing involves the following:

Different types of investments have varying risk levels, timelines, and management needs.

Learning what type of investor you are, and matching your needs with the right investment, will help you create the best strategy for making money.

If you’re looking for a quick return where you only hold your investment for a few weeks, or less than a month, consider trading stock options.

If you’re looking for an investment timeline of less than a year, and you are comfortable with investments that see a lot of price fluctuation, take a look at cryptocurrencies.

Growth stocks may be an option if you’re looking to invest for more than a year, while dividend stocks would be an excellent option if you’re thinking of investing for more than 5 years.

Investing in startups and seeing a significant return frequently takes over five years.

Or if you’re looking to grow your investments for a significant return over a long timeframe, you may consider growth or dividend stocks, or even investing in a startup to get on the ground floor.

It’s important to understand there are no guarantees with investing; it’s never zero risk. There’s always a chance – although sometimes very small – that you lose whatever you invest. We do our best to highlight opportunities that have a very low chance of that, but if you can’t afford to be without funds, conduct more research before investing.

Understanding your own risk tolerance can help you understand what type of investment is appropriate. While investing for beginners may start with a low-risk investment such as a dividend stock, some investors may choose to trade in options or cryptocurrencies.

There’s no wrong answer. It depends on the time you have to devote to investing and what your ideal commitment is.

Typically, the shorter the time frame you want a return in, the more frequently you’ll have to manage your trades.

Others may be fundamental investors with some level of investment knowledge from their own research and experience and may even purchase stocks on occasion through a broker. These investors could still be considered closer to beginner than advanced, depending on how much they understand about all the different types of investments. For example, trading options is much different than buying and selling stocks.

Various apps offer the ability to trade online. These apps include WeBull Financial. WeBull provides an excellent opportunity for beginning traders while also providing options for intermediate and advanced traders.

Robinhood is another useful app for beginners. Robinhood offers educational articles and the ability to invest. In December 2017, Robinhood announced it had launched commission-free options trading, meaning no fees for buying or selling options contracts.

Before choosing an app, make sure to read its terms and conditions and all the details. You’ll want to make sure you can access your funds when you need, and you’ll want to understand any changes in your balance as you buy and sell. Whatever you do, don’t panic if something doesn’t look right. Make sure you know how to get in touch with customer service and clear up any concerns.

To learn more, you may consider taking a course dedicated to investing or options trading. Classes provide a great way to learn the skills you need to master investing.

Cryptocurrencies are assets outside of the stock market. However, big investors such as pension funds, family offices, hedge funds, and retailers are starting to get involved with cryptocurrencies after years of focusing solely on stocks and stock-related investments.

Startup investing is outside the stock market and offers a creative opportunity for an investor to get involved with a new business. Some investors may also act as a mentor or advisor to the new business owners.

Are you interested in following the stock market, or do you like more exciting and unique opportunities that could allow you to be more creative with your investments?

Asking yourself these questions will help you choose whether or not thinking outside the box and investing outside the market is for you.

Growth stocks are stocks in “high-growth” companies, or those which are expected to grow faster than what’s average for the market. High-growth companies are frequently in their early or mid-growth stages, and may be growing quickly, or at least faster than average for the market.

Because of their focus on growth, these companies invest a lot of their money in product development and expanding their market share, and typically don’t put money toward paying a dividend to shareholders. Investors instead enjoy bigger share-price growth than they’d get with other stocks.

One of the benefits of growth stocks is that they can be good for both short- and long-term gains, which may be of interest to beginner investors.

They could grow 25%, 50%, or even more in just a month or two, and see shares double, triple, or even better over more time.

When looking for growth stocks, make sure the company is well established, well managed, has a solid sales history, and that the market is favorable to its industry.

The less history the company has, the less reliable information you have to review on their profitability and potential.

Dividend stocks are those that pay a set amount of money to shareholders, based on how many shares they hold. Companies that pay dividends are typically more established than the average, and they have enough profit to share with investors. They aren’t in a high-growth phase where most of their money is invested in expanding their business. Most dividend-paying companies pay their dividends on a quarterly basis, although some pay monthly. Healthy companies increase their dividends over time.

As a lower-risk investment, they can provide a form of passive income annually. This income may be less than the other investment types, but it may also be more dependable.

Dividend stocks may be good for beginners because their share prices can be less volatile than growth stocks. They can be a reliable core holding for a portfolio.

Options trading is when you buy or sell a contract that gives you the right to buy or sell shares of a stock (the underlying asset) – but you don’t actually own shares of that stock.

There are two main types of options: puts and calls. A put is the right to sell a stock at a specific price – it’s a bet that a stock will fall. A call is the right to buy a stock at a specific price – a bet that the stock will rise.

Every option has an expiration date, because it’s a contract that has a specified “lifespan.”

Options may be a good opportunity for someone to invest who has experience and is more interested in trading, rather than owning stocks. Trading can offer faster, and bigger gains than holding shares of stock.

Since options have a date attached to them, they typically require more attention and involvement. Options are managed on a weekly to monthly basis and can provide a larger profit more quickly than other investment options. It’s possible to invest less with options at a low risk and get a larger relative payout than you would from buying and selling stocks.

Cryptocurrencies are digital currencies that became popular with the rise of Bitcoin, which was considered a manipulation-proof alternative to paper currency, one outside of government control. Some, like Bitcoin, rely on a blockchain to function. Blockchain is record-keeping technology designed to keep your cryptocurrency safe.

Cryptocurrencies can be volatile, as they are a newer asset and can see large in- and outflows of investment. Because of this volatile market, cryptocurrencies are considered higher risk than most stocks.

Bitcoin is the most popular cryptocurrency, and many people are familiar with Ethereum. Newer cryptocurrencies gaining popularity include TRON and Ripple.

Cryptocurrencies have great potential for a high return. By the end of 2020, Bitcoin forecasts are as high as $100,000 in the next year or two. The long-term cryptocurrency forecast also looks good, with the Crypto Research Report identifying Bitcoin as having a price target of $341,000 by 2025.

Cryptocurrency needs to be managed more frequently than most stock holdings, on a weekly or monthly basis.

Startup investing comes in various forms, including angel investing, which provides capital and often oversight as a new business gets started. Angel investors can be involved in business decisions and provide advice and direction.

Startup investors also include venture capitalists. Venture capitalists, though they may not have a relationship with the business founders, frequently provide significant amounts of funds to carry a startup to an IPO.

Investing in startups can be risky because you don’t have a lot of the company’s history to base your decision on. But the profit potential is huge.

Just look at Amazon. Amazon founder Jeff Bezos had 22 investors back his company for 1% of the business. They went on to receive an astounding 14,000,000% return on their investment.

Startup investing is typically better for more experienced investors with available capital. These investors are often business owners, former business owners, or those experienced in business. Someone who wants a more “hands-on” opportunity may consider startup investing.

The risks associated with startup investing can be considerable, but there is also the potential for significant reward. You can mitigate the risk of startup investing by limiting how much you invest. Startup investors may consider placing a maximum of 10% of their overall portfolio in these early-stage investments, and that 10% can be spread out in a variety of individual startups.

(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.4"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); Tron – Investing for Beginners – Quiz Tags: Tron

Tron developers have published technical documentation for the new NFT standard. The TRC-721 can open up new possibilities for applications on Tron and is fully compatible with the ERC-721 of Ethereum.

According to Tron founder Justin Sun, the TRC-721 specification-the first standard for non-exchangeable tokens (NFT) on the Tron blockchain-has become publicly available.

window.coinzilla_display = window.coinzilla_display || []; var c_display_preferences = {}; c_display_preferences.zone = "325fe079eb73cc7840"; c_display_preferences.width = "300"; c_display_preferences.height = "250"; coinzilla_display.push(c_display_preferences);

— Justin Sun🌞 (@justinsuntron) March 16, 2021

According to the document, which contains technical descriptions of issuing tokens using the new standard, TRC-721 is a set of standard interfaces for issuing NFT on the Tron network and is fully compatible with ERC-721, used to create non-exchangeable tokens on the Ethereum blockchain.

NFTs can be issued on the Tron blockchain using the TronLink extension for Chrome, with users requiring a minimum balance of 350 TRX (about $18.3) in the account to issue the NFT.

Users can customize the token name and symbol when issued. The Tron NFT standard, first announced in December 2020, is designed to open up new opportunities for applications built on its blockchain.

In the long term, it may also increase the growing pressure on Ethereum from competing NFT platforms. While Ethereum remains a leader in the NFT industry, ETH transaction fees have skyrocketed amid the DeFi and NFT boom. Ethereum developers hope to solve this problem with roll-ups in the short term and with sharding after the full deployment of Ethereum 2.0.

According to Tron Developers, the network combines low transaction fees with almost instant payments. According to the Tron Foundation, the protocol has been running for almost three years without any incidents, although in November 2020 it was attacked, which led to a temporary halt in the creation of new blocks for two hours.

Recall that a painting by the artist Beeple was sold in the form of an NFT token for $69.3 million. Justin Sun also participated in the auction, but his bid was declined at the last moment.