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Here Is How Tron (TRX) Will Rally Like Ripple (XRP) Did in 2017

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Tron
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The token (or should we say coin) of Tron (TRX) is currently valued at $0.038 at the moment of writing this. Looking at the price chart of Ripple (XRP) in 2017 before it exploded in value in December and later in January 2018, we find that the current level of TRX was the level of XRP in late April 28th, 2017. On this date, XRP was valued at $0.040 as seen in the price chart below.

XRP value in late April 2017. Source, coinmarketcap.com

What then proceeded, was that XRP was valued at $3.82 by January 4th. This is a time period of a little over 8 months. The reasons for the propulsion of XRP to new levels was mostly attributed to the Holiday season in December as well as more media coverage of the coin. This coverage reached its peak when XRP was rumored to be added to Coinbase in January.

So how will TRX follow in the footsteps of XRP?

Firstly, there is a working product in the form of the MainNet. Token migration is slowly but surely commencing with Binance and Game.io offering permanent token migration till the last TRX is converted to the MainNet. There is also the additional exchange of Bitmex that will start offering TRX Futures contracts.

Secondly, and as noted in the first observation, the current value of TRX is similar to that of XRP back in mid last year. We are soon to reach the Holiday season in less than 5 months as Thanksgiving is in November. This means once again, the talk about cryptocurrency will most likely be rife around this time as was the case last year. This will also be because the crypto-markets have also predicted to bounce back anytime from now with Tron expected to lead the pack with the recent announcement by Pornhub to start accepting TRX.

Thirdly, there has been talk of institutional investors buying into cryptocurrency once Bitcoin bottoms out at around $5,800. In the last two weeks, Bitcoin has touched these levels twice. This means that it is highly possible that BTC has bottomed out completely and it is time for another price rally.

That said, it is hard to forget the Tron community of over 1.2 Million HODLers who love the project dearly. This means that whenever a new DApp is launched on the MainNet, they will surely go ahead and try it out. Currently, there are 100 Million users being migrated from the DApps in the old Ethereum platform to the new Tron Mainnet. There are a large number of users who will utilize TRX for their daily activities.

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In conclusion, the future looks bright for TRX. The uncanny similarity of its price chart to that of XRP makes it probable for there to be a price rally as we head into the third quarter of 2018. What then might happen, is that TRX will claim a spot in the top 5 coins.

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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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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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