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What Price Will TRON Be In A Year?

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Cryptocurrency price predictions during a bear crypto-market are pretty hard to make. ‘Bullish factors’ such as technical developments in a blockchain project, are erased in an instant when Bitcoin (BTC) drops like a rock in the markets. Evidence can be seen when BTC was valued at $20,000 back on the 17th of December that year. The King of Crypto would then gradually decline to current levels of $6,500 and in the process, taking down the entire crypto market with it. Tron (TRX) was not left behind in the decline either. This has us asking, what price will Tron be in a year?

The Jinx Of Tron Events in 2017

The project led by Justin Sun has pumped good news after good news in terms of project developments ever since the Testnet was launched on the 31st of March. However, all this good news have not helped the TRX coin from regaining past glory at levels of around $0.30 witnessed back in January. As a matter of fact, whenever there was an event on the Tron calendar, the digital asset kept falling further in value.

What price will Tron be in a year?

This then brings us to the first reason why Tron (TRX) has nothing but a good future ahead. The fact that there are no more major launch events on the Tron calendar, means that the coin can gain in value in a natural manner and based on its network superiority. This is similar to how ETH grew from levels of $10 to $1,400 in less than a year without any major announcement about a change in its network code, or marketing from the Ethereum team.

Doing the math, this was a percentage increment of 13,900% by ETH in that 12 month period. Using a similar scenario of the Tron network being adopted in a manner similar to that of Ethereum last year, we find TRX being valued at $2.78 twelve months from now – and using its current value of $0.020 in the crypto markets.

GoSeedIt Factor

Of course, this is pure speculation, but given the fact that the Tron network is bound to encompass the best in DApps, we find a situation where TRX will find its utility in the network. There is also the other factor of the GoSeedIt platform that allows social media users of Twitter and Telegram to tip each other in TRX. As a matter of fact, before GoSeedIt went live at 100% capacity, the amount of Tron accounts on the Mainnet stood at around 62,000. Now, the Tron mainnet has a total of 350,000 at the moment of writing this. This is a 464% increment in a one month period due to GoSeedIt.

BTC and Institutional Investors

Another factor that could lead TRX to be valued at $2.78 in 12 months, is the fact that Bitcoin is scheduled for mainstream adoption as an investment option by institutional investors from Wall Street. Without even mentioning the Bitcoin ETF at the SEC, we find that Coinbase is gearing up towards becoming the NYSE of crypto by going on a hiring spree; launching custody services, and planning its own ETF.

There is also the Bakkt firm that is to be launched this November. Once this firm is up and running, its chief goal is to make Bitcoin and other digital assets, the choice investment instruments for regular individuals and institutions including those that handle retirement funds.

Summing it up, we have thrown a rough estimate of TRX’s worth in one year at $2.78 using Ethereum’s growth last year. There is also the added factors of TRX being tipped via GoSeedIt on Twitter and Telegram to boost demand for the digital asset. We also have the added bullish factor of institutional interest through firms such as Bakkt. We forgot to mention that Bittrex is now offering TRX/USD pairs. Therefore, Q4 of this year should be a time to see TRX slowly take off in the markets.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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