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Relax. Recent Tron (TRX) price fluctuations are nothing to be worried about

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Tron TRX
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The crypto environment has been going through a situation in which almost all of the tokens in existence have been trading in red numbers, mostly. This particular fact has been a reason to cause despair and concern among Tron (TRX) enthusiasts and investors because, as it seems, the dip is just continuing its path (token went down by 2.19% in last 24 hours), and the gain margin is either notably reduced or inexistent; and to say the least, making a profit is one of the main reasons why people decide to put their bets on cryptocurrencies.

In this sense, Tron (TRX) is one of the coins that have been disappointing many people in the cryptosphere lately, a currency that after several announced milestones such as the Main Net launch, and the Super Representative Elections, was expected to return better results than the ones that are on the table. In fact, what enthusiasts have encountered on the token lately is decreasing prices and the loss of its position in the market.

During this week, we have seen the TRX token moving to the 12th position in the charts, and this may be seen as a particular reason to be worried about considering that the coin was expected to get to the top 5 in the mid-term. However, is it really accurate to fall into discouragement in the lights of the present performances? Or do we have reasons to be quiet and hope for the best? Let’s see the main reasons to remain calm while Tron finds its way on the market, right in this post.

Dapps as a price solution

With the launch of the Main Net and the migration process, which by the way was ten times more successful than the one EOS had with its blockchain, one of the most significant possibilities is the dominance of the Dapp market. Tron is actually offering a more appealing repertory of features such as scalability, speed, and low costs, and this is the main reason why it is expected that in long-run, lots of Dapps (Decentralized Apps) will migrate to the Tron blockchain, which of course, will shoot the price to unbelievable heights.

Tron Virtual Machine

Another crucial aspect that may drastically change the prices of Tron is the attraction that the token is representing for the developers of the sector. In fact, this is something Tron has been managing through the creation of its native blockchain, and the near launch of the Tron Virtual Machine project that will happen on July 31st.

Decentralized internet

The idea of a decentralized internet is now resounding more than ever, and actually, there are solid reasons to believe Tron may contribute heavily in this, a fact that, of course, would represent a huge benefit for the prices of the token. Let’s recall that Justin Sun happened to acquire BitTorrent just recently, the most important peer-to-peer platform on a global scale, and in case this works as expected, the internet might possibly change as we know it.

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Tron’s purpose

Unlike other cryptocurrencies of the market, perhaps the ones that continue to be on the top as of now, Tron (TRX) actually has a purpose, and this represents an incredible advantage in the long term. The existence of a token ‘just because’ makes hardly possible to maintain its performance/position in the market in the long-run, and this is something that Tron has definitely covered.

Conclusion

Despite the recent fluctuations of the coin, for many experts, Tron (TRX) is forecasted to be a top 5 crypto in a 5-year timeframe or even less. So despite the current performance what enthusiasts and investors need to keep into account is that the coin has great foundations and definite purpose, and that’s enough reason to expect great things of it.

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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 Maxpixel.net

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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