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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.

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Charts courtesy of TradingView

Altcoins

Top 3 Coins to Buy Before They Go Big

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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.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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