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Future of Crypto Gaming Gets Boost from TRON Partnership with Coingaming

TRX and crypto gaming at large will soon enjoy a boost thanks to a new partnership between the TRON Foundation and Coingaming Group.

The immediate effect of the new alliance is the addition of the TRX cryptocurrency to and, two of the largest gaming platforms for cryptocurrency users and premier brand names of Coingaming Group.

While merely having the ability to use TRX on such high traffic websites will bring in constant users to the TRX ecosystem, has kickstarted things by giving away 1 million TRX to the winner of Sportbet’s “Last Man Standing” Competition, whereby the lucky contestant had to successfully predict correct outcomes every day in sports, defeating others until he was the only contestant left.

Benefits of Using TRX

When players are gaming there’s nothing that kills one’s mood than wait times. Wait times for deposit processing, earnings to validate, or for withdrawals to hit users’ personal wallets.

Thanks to TRX’s almost instant transaction times without fees, this makes all of these problems a thing of the past. The lower friction will ensure more business for both websites of Coingaming Group, as well as player preference to use the TRX currency over others supported by the platform.

To further lower the barrier of entry for both TRX use as well as gaming on either platform, a player can get started with a minimum deposit of only 100 TRX, costing them less than 2 euros. And since there are no transaction fees to eat away at their deposit or potential earnings, it’s never been easier to access TRON, as well as play to win with it.

This unique blend of zero fees and instant transactions have quickly made TRX the ultimate gaming coin of choice for many players. Tim Heath, CEO of Coingaming Group, echoed a similar sentiment to what many of the players must be feeling regarding TRON:

“We always work hard to put our customers at the center of the universe, and by adding TRX gaming we are once again at the cutting edge of what is possible in this space. We are particularly excited to offer a low minimum deposit threshold and zero transaction fees, ensuring and gaming can be enjoyed by even more players for the first time.”

More TRON Native Support 

Support for the currency has already spread from platforms to the games themselves. Industry-leading game providers like OneTouch, Evolution Gaming, GameArt, and Kalabmba are now offering native TRX play through, with users able to play directly in TRX without any in-game currency conversions (or fees lost to said conversions)!

Justin Sun, Founder of TRON, had this to say regarding the impressive feedback TRX has been receiving:

“One of the TRON Foundation’s core missions is to support growth by providing engaging, real-world use cases for TRX. We’ve been aware of the market-leading gaming brands operated by the Coingaming Group for some time now; and are fantastic examples of what is possible when crypto-led products put the customer above everything else. It is genuinely thrilling to see another world-class brand open its doors to the TRX community.”

It will be exciting to see what else is in store, with a quickly growing partnership between a hugely popular coin and one of the biggest names in crypto gaming. Together, they have present some of the most compelling real-world use cases for cryptocurrency. 

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content above.

Sponsored , 2019-11-09 17:44:17

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

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Nick Chong , 2019-11-10 12:00:38

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