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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

Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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Bakkt
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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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cryptocurrencies
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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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cryptocurrency market
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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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