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Tron (TRX) expected to be on the bull run before its Main Net launch

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Tron TRX bull Run
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Shrouded in mystery and still unknown by many, Tron (TRX) is a cryptocurrency-based localized platform founded by a Singapore-based non-profit organization, Tron Foundation which is headed by Justin Sun. The virtual currency seeks to build a free, content entertainment network that will use localized distributed storage networks to reduce the cost of sharing digital content.

As the whole world waits for the big event in cryptocurrency universe, Tron’s main net launch, which will see its migration from Ethereum’s blockchain and make it an independent public blockchain, analysts are predicting a positive price change.

Among the main reasons that indicate the coins good fortune shortly is the formation of a double bottom on its one-hour chart. It is also good to note that TRX is still benefiting from an intensive marketing campaign that publicized the digital coin as the preferred cryptocurrency for investors showing that the coin could be up for a bullish run.

However, Tron’s low prices still present a hindrance for the coin to confirm its full potential. The digital coin has to improve in terms of its worth.

Technical Indicators that Tron is Ready for an Upward Trend

Although the 100 SMA being lower than the long-term 200 SMA target which indicates that the direction of least resistance is still on the downside, the selloff is more likely to take place rather than reverse.

Despite that, Tron succeeded to break past the 100 SMA mark, and it’s currently testing the 200SMA dynamic inflection. In any event, if it breaks higher, Tron would end up testing the neckline at 0.075, and a further upward trend past this mark could see the digital coin triggering a major bull run. This spans 0.060 to 0.075.

Buyers are also showing signs of influence on Tron price movement with one of their major buyers, RSI moving up. However, this oscillator is signaling exhaustion due to overbuying.

Stochastic is almost depleting its buying mandate, with overbought status being attached to them showing the bulls will have to let the bears take the steering wheel in the near future. And in this case, a fall to the bottom will not come as a surprise.

Market Factors Indicating Tron’s Upcoming Rise

Sometime early this year, TRX made its all-time high price of about $0.34 (roughly 2000 SATS). Ever since then, like many other cryptocurrencies, TBX has been spiraling on a downward trend reporting declines until the end of March where the digital coin found support at 400 SATS. From there, TBX has been recovering steadily all through April.

At the moment, market enthusiast and investors are all looking forward to the Main Net Launch that’s scheduled for the end of the month, hoping it would trigger some positive outcomes for Tron’s platform. If all things remain constant, the main net launch will have positive outcomes on the price of TRX.

In anticipation of the event, certain exchanges such as Bitfinex, Bit-Z, and Bitrex have decided to freeze Tron holdings for the time being in order to support the upgrade. Bitpie Wallet also announced their readiness to support TRX’s main net launch and upgrade.

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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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