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TRON Price Behaviour: Will The Rally Continue? - Global Coin Report
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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

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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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