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Tron, EOS, Litecoin: Top bets despite the market being shaky currently

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TRON EOS Litecoin Top Bets
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The cryptocurrency market seems to be going down one more time, but actually, that’s something not that worrying considering the fact that cryptos always find a way to go up again. The behavior of the virtual coin industry is always fluctuant, a point of which many take advantage of and play some great cards while there is an opportunity available.

That can be especially the current panorama in the industry. While many are worried about what’s the fate of the cryptos leading the charts, others are thinking strategically and are taking a close look at the best tokens to put their bets on. If that’s your case, then you don’t need to worry that much, following we will recommend you the best 3 cryptocurrencies to exploit while the market is being a little shaky. Let’s take a look!

Tron (TRX)

The TRX token has been a lot under the spotlight lately, and nothing is more accurate than that. This is definitely a coin to watch, it managed in just a couple of months to triple its price from the $0.03 against the USD to the number of $0.09 the unit, and that’s not even the highest value reached by the coin.

Besides, the CEO of the company, Justin Sun, has been working tirelessly building up a robust platform, as well as solid partnerships with some of the most relevant financial companies. Like this, it has managed to create a network highly scalable and secure.

The company is about to launch its Mainnet at the end of the month, and this change promises great possibilities such as migrating from Ethereum protocols. As the company unlinks from Ethereum, it is expected to gain value in the next days. The current price of the token is $0.070 per unit, but the experts forecast the value of the coin reaching the $2 or even more in less than five years. The same way, Justin Sun himself has said he expects the token becomes a top 5 crypto shortly.

EOS

The EOS token is moving fast in the crypto market; in fact, it recently took the well-valuated position of the 5th place in the top 5 chart of cryptocurrencies. Ever since the coin was launched in the market, it has shown an astonishing behavior, a fact that started with the deployment of an airdrop that slingshotted the token to the value of $5.5 against the US dollar.

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Just like Tron, EOS will launch its mainnet very soon, having the launch of the update on June 2, the day on which the ICO will be finally closed. The current price of the coin is $13.2 per unit, with a +4% increase in the last 24 hours. However, it is expected that the currency starts a bullish movement right after the launch of the mainnet.

Litecoin (LTC)

Finishing the list, we have Litecoin (LTC), a token that despite being currently suffering a dip still has so much to promise to its users. Recently it was announced that the coin would be added to the lists of the exchange platform Gemini, one of the most critical exchanges at the moment.

In addition, the platform for free transactions, Abra, showed its support to the coin not so long ago, a fact that would grant the token with an appearance on the Abra net. Currently, the coin is valued at a price of $138, and it has decreased in value by 0.88% in the last 24 hours, occupying the 6th number in the charts right after EOS.

Even though the coin shows some bearish movements in the last days, experts forecast it may be hitting the moon with a rise in the coming months. And not just LTC, each of the coin featured in this article is expected to hit the moon soon now – so current market-fall is a good chance for strategic crypto investors, it’s the high time for investors to bet on these!

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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 Okan Buruk via Flickr

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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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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