Connect with us

Blogs

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

Published

on

Tron TRX momentum
READ LATER - DOWNLOAD THIS POST AS PDF

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).

For the latest cryptocurrency news, join our Telegram!

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

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Press Release