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Can Tron (TRX) maintain its momentum ahead of MainNet launch?

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Tron (TRX) is currently sold at $0.064 handle off the Asian low which is sold marginally at $0.5813. However, the coin is seen as one of the top ten cryptos in the world today, but it is down to about 21% from its original status that it attained on April 30. Indeed, purchasing it around $0.06 can be considered as a step forward.

Furthermore, even though the current situation of Tron (TRX) has improved marginally, TRX/USD needs an upsurge above the sloping trendline, which is at $0.0817, to repudiate the recent ‘positive’ momentum.

Nevertheless, it necessary to know that Tron (TRX) is set to launch its MainNet in just one day and currently, the coin is set to release its javascript program. But one question that has raised a little bit of concern is that will Tron (TRX) maintain its momentum throughout this year and the years to come by acquiring further profits in the market?

Tron’s MainNet launch into the market means that it will definitely experience a variable increase in price movements before and after the MainNet gets launched. Moreover, the price has shifted into a triangular form which implies that a breakthrough might occur in both directions in the future.

In the time of the TestNet launch, which was the last vital activity that was performed by Tron on March 31st 2018, there were sharp drops in price. On March 29th, Tron’s (TRX) was priced at $0.048, but by April, the coin was priced at $0.033 (which presented a significant price drop).

Furthermore, the decrease in the price of Tron (TRX) comes in a time when there were turbulences in the crypto-market, and during that period, the price of bitcoin was valued at $6,570 against its initial value at $8,000. The same inclination might occur with Tron’s (TRX) as its MainNet is about to be launched after 30 hours or so. Nevertheless, in the coming days, the digital currency has planned its activities to put TRX in an excellent state (well, at least, they are trying their best) in the crypto-market.

Firstly, the digital currency, Tron (TRX), has lined up strategies to migrate its token in June. Additionally, Tron (TRX) has also passed a TRX Airdrop to make its MainNet popular and help in the migration of its token. With these plans, Tron (TRX) is also set to launch the Genesis block on the 25th of June.

With all these events coming up in the next few days, we could safely say that Tron (TRX) is not ready to take any chances for a drop in its price that occurred a few months back immediately once MainNet is launched. This further implies that the token will continue to maintain its momentum and even increase its value in the coming days and years.

With the variable challenges facing big cryptos like Bitcoin (BTC), Etherium (ETH), Ripple (XRP), it is seen that these major ‘crypto-market players’ are in the red. It is for this reason that the U.S Department of Justice is aiming to manipulate Bitcoin (BTC).

So, it seems Tron has put together all the things ‘correctly’ to maintain its momentum strongly even after the Main Net launches. But, things could go the other side for Tron’s TRX too if the market keeps going down due to legal issues (the alleged US manipulations).

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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