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Justin Sun News Boosts TRON (TRX) Once More

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TRON (TRX) has recently seen a significant increase in value, after an entire series of positive news regarding the coin’s progress that was posted by its founder, Justin Sun.

TRON (TRX) has always been known as the coin with one of the strongest communities in the crypto world. This time, the community really came through, once again being led by the TRX founder. In a recent series of tweets listing all the positives that have happened to the TRON project in the last few weeks, Justin Sun seemingly inspired another price surge that has seen TRON go up by no less than 11%.

TRON has done a lot in a very short time, which is an impressive feat by itself. It is even more impressive when we consider how bad this year was for the crypto world, with more than half a year of a bear market. So, what positives has Sun mentioned? What has happened to inspire such a big value increase just by reminding the community about it? Let’s take a look.

TRON gets on KuCoin

KuCoin is a pretty big exchange, currently holding the 53rd spot on the list of exchanges regarding the daily trading volume. Around $17 million worth of different coins go through KuCoin each day, which will mean a lot to TRX, especially since it is paired with both Bitcoin and Ethereum. TRON officially went live on August 28th, only days before the launch of TRON Virtual Machine.

Another large token burn

TRON has recently also held another big token burn, with around $670 million of the remaining ERC-20 tokens being burnt. This is also not the first time that the coin has done this, but is, in fact, the fourth such event in its history.

The launch of TronChat

TronChat has been something that TRON’s community has been waiting for for a while now. It was imagined to be a competition for multiple other social media apps, including YouTube, Instagram, and even Facebook itself. The best thing about it is that it will allow users to earn TRX coins, in addition to being a new large social network.

Its creation was inspired by the flaws and errors that so many other social networks suffer from. Facebook, for example, was criticized for poor protection of the users’ privacy, which is what caused a lot of consumers to lose trust in this and similar platforms.

TronChat aims to fix this and provide users with a new and improved network, that will also be completely trustworthy.

TRON Virtual Machine launch

Let’s not forget the launch of TVM, which was highly anticipated by the entire community for months. The TVM was said to make TRON one of the biggest names in the development of dApps, which will definitely pose a big issue for Ethereum. Ethereum has almost single-handedly started the rise of ICOs thanks to its dApp development platform. For a long time, it was the top player in this field, with no other project even coming close to it. Now, thanks to TVM, TRON will come uncomfortably near, and maybe even completely surpass it.

All in all, TRON has been making a lot of progress in numerous directions. Because of that, it is of a small surprise that piling up all of these achievements inspired a new price surge.

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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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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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Where will Tron (TRX) be when we land in the same month next year?

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The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

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Litecoin Cash (LCC): The potential mover?

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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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