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What will be the price of a Tron TRX token at the end of 2018 now?

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Tron TRX
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In terms of developments we can all agree that Tron (TRX) is undoubtedly one of the coins that continuously work the most in order to provide its users with a unique experience, and at the same time, it strives to achieve its mission of becoming the virtual coin that manages to make of the internet a decentralized space.

As a matter of fact, only this year Tron has launched its Test Net, migrated their tokens to its own blockchain, launched its virtual machine, started to build its own self-governed community, and has bought BitTorrent as well; which, of course, give us a clear idea of the commitment of the crypto in order to get to the top.

But is this being a functional strategy? Is this actually paying off in terms of price for the TRX token? The answer to these question is actually simple, so far is not.

The conditions of the market are not the best right now (not that stable), and this is a fact that has affected each one of the cryptos in the market, including Bitcoin (BTC) which now trades $6,500 again.

However, we have strong reasons to believe that this will drastically change in the remaining months of the year. Let’s see all of the details behind this asseveration and how far the TRX token is expected to go.

Facts about the TRX price to keep in mind

There’s not a doubt that if we’re going to talk about the future crucial of the TRX token there are a few things we need to consider. For instance, the current price of the token, its all-time high, the price of the coin back on its billionaire ICO, and the volume that the crypto manages to have these days.

In this sense, the TRX token places on the 12th position according to Coinmarketcap with a price of $0.022329, a value that is quite away from the one managed on the ICO of $0.0019, and at the same time, very distant as well from its all-time high of $0.30.

It results notable, that the coin has had significant losses through the dips of the market this year, and this only leads us to conclude that many of the original investors have already sold their holdings in order to find a balance.

Nevertheless, Tron (TRX) has a solid and constant trading volume of $200 million every day, and most of these transactions occur with two of the most important trading pairs such as TRX/USDT and TRX/BTC.

Fiat trading with TRX

One of the things that may boost the price of the TRX token considerably is the aperture to fiat trading markets, because even when the coin has already fiat tradings this is just a tiny portion of its operations, and the right approach in this matter may have great implications for the coin.

But what do we need to see this happening? Well, Tron is lacking gateways, in other words, exchanges that show support of these tradings such as Coinbase, to name one. In this sense, it is necessary that TRON accomplishes to prove that their blockchain is safe and trustable, but this is something that requires time since TRON’s blockchain is only in its early days.

Chinese adoption of TRON’s TRX

Another interesting market for Tron to explore is the Chinese market. As a matter of fact, China is opening up to virtual currencies right now and Tron (TRX), along with NEO, and VET are the likely options for the country to adopt.

If we take time to consider it, there isn’t an interaction of the TRX token with the Yuan, and on the other hand, we can see how the Yuan represents the 1 percent of the operations for Bitcoin, which is pretty much remarkable, to say the least.

If Tron explores this option, it can actually grab the attention of the Chinese market, and the chances of opening to a horizon of this kind represent a massive opportunity for the price to increase in a great measure.

TRX/BTC ratio

The Satoshi ratio is currently the unit to measure the price of different currencies with respect to Bitcoin (BTC). In this sense, TRX currently has a value of 291 Satoshis. But in the long-term, analysts forecast that the price of the token may have an upturn that could take this value to 615 Satoshis (to read more about the dontFOMO analysis, click here) so we could be speaking of a year closing with TRX being separated in terms of correlation to BTC.

TRX price at the end of the year

If all of the moves continue as they go, Tron (TRX) may get to a price of $0.70 dollars (at least) by the end of the year, and even when it doesn’t seem like an outstanding increase, it would actually represent a huge jump in the current performance of TRX, and a pretty decent change with respect to current prices of the crypto.

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READ  The Latest TRON Developments: Why HODLing onto TRX Could Be Beneficial for HODLers

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 Maximilian Weisbecker on Unsplash

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.

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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.

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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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