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Technical indicators prove Tron (TRX) is on its way to a bullish upturn



Tron TRX

Recently, the cryptocurrency market has suffered one of the most significant dips in history. In fact, this year alone the market has experienced incredible bearish moves that, in most of the cases, have been caused by hacking attacks such as the ones of Bithumb and Coinrail, as well as because of the usual volatility that’s expected of the crypto sector itself. Likewise, all of the cryptos in the market has suffered adverse changes in their prices, and this is something that even for top cryptos have been very difficult to correct.

Tron (TRX) is among those coins that have faced difficult times with their prices, even to the point where a large part of the community has been feeling highly disoriented, especially when a price take off was the most common expectation for the coin. Let’s recall that many experts forecasted the TRX token to experience a skyrocket momentum right at the moment of the launch of its mainnet, and as this happened on May 31st, the hopes were actually starting to crumble.

Nevertheless, as it all seems now, the token has already started its price correction, a fact that is actually prognosticated to improve even more with the events to come, the Super Representative elections, and the coin burn that will take place after the TRX token declares its independence from Ethereum ERC-20. Let’s see how the coming days look like for the coin!

Technical indicators report

According to the technical indicator Simple Moving Average (SMA), Tron (TRX) is more likely to obtain at the future prices in the bullish tendency. The indicator that shows the average value of the price of specific product and services has shown a result on the 100 SMA going above the 200 SMA long-term, which means the token has great possibilities of skyrocketing rather than nosediving.

Similarly, the Fibonacci extension tool has revealed remarkable results for the token, showing TRX already surpassed the 38.2 percent extension and prognosticating the closing on the 50 percent extension at $0.04281. Furthermore, if everything results as expected for the coin with the coming events, then the market will possibly experience a selling pressure that could take the crypto to the 61.8 percent extension or the 78.6 percent at 0.05400.

For its part, the Relative Strength Index (RSI) has increased considerably, as well as the Stochastic, which proves it is actually the trend that the TRX token might follow in the coming days.

Current status of the crypto market

The cryptosphere appears to be regaining control over the prices after the long rough patch that has been shaking the industry during this year (and just recently). This, in fact, is an astonishing thing in lights of the recent hacking that the popular exchange, Bithumb, has suffered; not so long ago a very similar situation occurred with a South Korean exchange, and the results were catastrophic, to say the least.

However, finally, taking numbers from the last 24 hours, the market shows up strong and resilient (Tron TRX holds the record for the only coin among top 10 to be in green if we talk about last seven days). And this is something because of which we all are cheerful for, and the most important, we expect that lasts in the long run for Tron and rest of the crypto market. But, we don’t know what the market could bring ahead, signs and hopes are positive, though.

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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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