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Is Tron (TRX) bull on the way as coin tramps over key resistance levels?

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Tron Bull Run
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Tron (TRX) hasn’t had the best trend in the past few weeks, but it’s currently on the path for a bull run in the coming weeks. Even at the current price of Tron, it is safe to say that this is the best time to invest in this cryptocurrency.

Tron is approaching a bullish run as its value increased more than 6.5% in last 24 hours, currently surpassing the 55-day and 100-day resistant levels. The fact that the cryptocurrency surpassed the significant resistant levels is a sign that its price value will increase. The breakout from the major resistance levels serves as the fundamentals for the cryptocurrency in the coming weeks in which it could surpass $0.10 price value. It is important to note that once the cryptocurrency upsurges and maintains its momentum, it could be as high as $1 in the crypto market.

Tron’s recent migration from Ethereum blockchain went successful, and its mainnet launch has been tremendous so far unlike other cryptos such as EOS. Although Tron’s current path to a bullish run is influenced by the sudden rise of Bitcoin (BTC) earlier last week – even at this, Tron has a solid foundation to maintain the momentum due to its mainnet structure.

The fact that Tron’s recent migration from Ethereum blockchain had been successful, lots of developers are attracted to Tron’s blockchain network. However, the increase in the number of developers in the blockchain network is undoubtedly an advantage.

Furthermore, Tron has recently been adopted by companies such as PornHub, Brazzers, and Trafficjunky. The rate of adoption of Tron’s blockchain will play a significant role in its bullish run. Another major company, Posteezy, recently adopted Tron as a medium of payment for its esteemed customers.

And yes, the recent BitTorrent acquisition by Tron’s CEO, Justin Sun is worth noting too. Additionally, Tron also caught the eye of gaming industries such as Natakugames and game.com; this will give Tron a fast growth in the coming weeks. If the adoption of Tron by major companies continues, it will foster a long-term value.

Another factor to Tron’s bullish run in the coming weeks is the launch of the Tron Virtual Machine (TvM) on the 31st of July. Tron’s TVM is compatible with Ethereum programming language; with it, Ethereum developers can make use of Tron’s blockchain by merely migrating their projects into it.

Ethereum developers can migrate to Tron’s blockchain network due to the fact that it is efficient and superior when it comes to transaction speeds. Also, Tron’s blockchain network is scalable and cost-effective. The migration of Ethereum developers will foster and maintain Tron’s bullish move.

Tron is a futuristic blockchain network, and despite being on the lows in the last few weeks, it has partnered with ‘big’ companies. Also, most companies are currently adopting Tron’s blockchain network for transactions because it is easier and faster.

Even at Tron’s current price value – with its slight increase this week, it is an excellent time to invest in Tron. The coin will maintain the momentum of its current price, and it is likely that it will increase. Tron sits on a long-term support level and will not trade below $0.05 anymore shortly.

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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 Pxhere.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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