Over the past few months, the market has been bearish, and cryptos have been red. Bitcoin has been at low but lately; it has risen above the $6,500 resistance level. On the other hand, despite the increase in the value of Bitcoin, other altcoins such as Tron (TRX) haven’t really surged like Bitcoin, due to the fact that most investors are beginning to take profits as a result of the bullish outlook in the market.
Right now, Tron is busy partnering with big companies, and most crypto exchanges have resumed the withdrawal and deposit of Tron (TRX). We are at the start of a giant crypto bull run, but it is difficult to say what will happen in the future for both Tron (TRX) and Bitcoin (BTC). However, there still are reasons to hold on to Tron and Bitcoin and not sell them anytime soon, because things are beginning to take a bullish outlook. Let me explain why.
Why you should have faith that Tron and Bitcoin will fly high before the year closes
We do know that the Q2 of 2018 has been tough, not just for Tron or Bitcoin alone, but other cryptocurrencies too. The recovery of Bitcoin at the beginning of July has changed everything in the crypto market, and at the moment, the buying volume is currently on a high side, and things are beginning to look good (very good).
It is also important to know that the bears have been pushed aside and the TRX is gaining its value gradually. Additionally, Tron has proved it is one of the most promising digital coins in the crypto sphere, and soon, it will become one of the top cryptos once the bullish sentiment entirely takes over.
Mastercard’s patent to link cryptos with fiat accounts – A new turn around for cryptocurrencies like Tron and Bitcoin
Banks don’t want to sit down there and just watch the world advancing with new technologies; instead, they want to be part of it too. Mastercard has just been given a patent that it has the right to manage fractional reserves of blockchain currency.
Indeed, MasterCard’s patent is a U-turn for the crypto sphere, and it also implies that we will be using our cryptos credit to buy goods very soon. This will also enable a user to have two linked accounts in a bank – one for fiat, and the other for the cryptocurrency. Cryptocurrencies, which are the bank’s coin will be featured on Mastercard’s patent – Tron and Bitcoin will undoubtedly get featured.
Tron’s improved presence and demand
The increased presence and demand for TRX is a big reason why you should hold on to Tron. It is essential to know, right now, TRX is one of the most traded cryptocurrencies in the crypto market with trading average volumes of about $190 million every day.
Tron is the 11th largest cryptocurrency by market cap, and it is priced at $0.034; while Bitcoin still holds the top position and priced at $7,730 at the time of writing. Both cryptos, Tron (TRX) and Bitcoin) have massive potential to go to the moon soon now (maybe even beyond that, mars?), and are wearing green – do not be surprised if Bitcoin surges further to about $8000 this week.
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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.
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ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
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