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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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