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TRON Price Behaviour: Will The Rally Continue?

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Even though the bear market has yet to let go of the crypto space, there are several signs that it is weakening when compared to its strength in 2018. Everyone was hoping to hear the positive news in 2019, and while this may not be a rally such as the one in the second half of 2017, it is certainly a very good start.

One of the best examples that the bear market is slowly losing its grip is TRON (TRX). The coin is known for blowing up in 2018, at least when it comes to popularity, awareness, and development. Meanwhile, the Tron price continued to drop since January 2018, which has only started to change recently, and rather discreetly.

The TRON rally

As mentioned, TRON has been losing value since January 2018, and no matter how successful it became throughout the same year — nothing was affecting its price in a positive way. An argument can be made that TRX value would have dropped even further down if the coin did not have such a successful year, but that is something that cannot be known with certainty at this point.

However, things started to change for TRX in late November, especially around November 27th. This was when TRX hit its lowest point in the year, with its value dropping to $0.011394. After that point, however, TRX started experiencing a discreet rally, which still lasts to this day.

The increase was not a straight line, and it spans over nearly three months, but it is clearly visible when looking at TRX performance. Slight drops followed periodically, but they were always replaced by an even bigger growth. Only a single month after its lowest point, TRX was back up to $0.020282.

Two weeks after that, on January 10th, TRX hit its highest point since mid-August by climbing up to $0.031726. Its price sharply corrected itself by dropping to $0.021 only days later, but immediately after that, it started surging again, until TRX reached $0.0303 only two days ago, on January 27th.

Right now, TRX is experiencing slight drops once again, and it is not alone. The entire market has been losing value in the last two days, with the price of TRON currently being at $0.026393, after a 4% drop in the last 24 hours.

Will the TRX surge continue?

There is no clear answer to this at this point, as there is still little certainty when it comes to predicting the behavior of cryptocurrencies. TRON has been making progress when it comes to its development and projects, that much is known already. It had a lot of success when it comes to the development of its dApps, with many more expected to come in the future.

Meanwhile, TRON’s team, led by the coin’s creator, Justin Sun, continues with the development of Project Atlas which is centered around BitTorrent. Apart from this, TRX has had numerous other successful moves in 2018, and it launched a TestNet, a MainNet, it moved its tokens from Ethereum network to its own, native blockchain, and it entered more partnerships with wallets, exchanges, and companies than anyone can remember.

However, in 2018, its price failed to reflect the coin’s success, as the bear market did not allow it. It is possible that the situation is changing and that TRX is maturing right now. Its growth was certainly slow and steady, filled with ups and downs, instead of a quick rise to the top followed by an equally quick drop as seen in late 2017 and early 2018.

Whether this will continue or not remains to be seen, but considering TRON’s behavior in recent months, its price will likely continue its steady growth that long-term investors have been waiting for.

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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 Pexels

Charts courtesy of TradingView

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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