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Is it Possible for Tron (TRX) to Reach 10 US Dollars?

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Tron TRX
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As one of the most promising currencies in the cryptocurrency world today, Tron (TRX) continues to push the limits with the aim of cementing its position among the top crypto tokens. The long-awaited token migration from Ethereum’s blockchain and deployment of the networks new main net, Odessey, complete, good tidings look to be yonder. Popular exchanges such as Bithumb, Binance, Coinegg, OKEx, and Bitfinex among others undertook in the migration of Tron from ERC-20 based coins.

The migration ended on 25th June with former holders of Ethereum based coins depositing them in selected exchanges that supported the migration process and issuing them with new digital currencies.

Over the past few months, Tron (TRX) has been making headlines. Although the token is valued at a meager $0.03675, it has enormous potential to generate a lot of income as a long-term investment choice. The intentions behind introducing the digital currency, that aims to decentralize the internet, is a unique one and this feature alone can take the digital token to new heights.

Despite recording declines in the last few weeks, Tron (TRX) is showing signs of an emerging bull run, something that might be good news for Tron traders. In the last couple of days (forget today, the whole market is shaking a bit today, again), the price of Tron (TRX) jumped by over 6 percent, pushing above the 55 and 100-day moving averages.

The fact that Tron (TRX) has managed to break above these major resistance levels is a sign that Tron might be on a bullish reversal. These could be the very start of a new appreciation of value in the Tron market that could see it surge upwardly to the 0.1 US dollar mark and above in the next couple of months. If the virtual currency manages to sustain this push against the projected price of 0.1 US dollar, Tron (TRX) could record a new high of 1 US dollar per coin soon after.

Tron vs. Ethereum

The debate on which is the better crypto to invest in between Tron and Ethereum continues to draw a lot of chatter in the industry. There are high chances Tron will break-out this year, and it’s still the right time to invest in it.

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Ethereum on the other side is in a dissimilar situation; all it needs to do is to maintain its platform and come up with correct enhancements and add-ons to proceed with its unstoppable match to the top. It’s more of a David and Goliath situation; everybody usually routes for David and not the evil giant.

Challenges that could hinder Tron price surge

The first challenge that presents itself is the Developer Platform. Being a new kid in the block of the network’s blockchain domain, Tron is contending with established blockchains that have solid developer network.

Ethereum, for example, has over 250 thousand developers with the number growing every day. Without the backing of a substantial developer network, Tron will have a daunting task to compete with the likes of ETH, Ethereum.

Tron is a Chinese blockchain which means that users and developers of the blockchain from the US might get cold feet in using it given the fact that the Chinese government usually has strong ties with almost all major brands that come from China. This might curtail Tron’s ability to grow in other western countries.

Following Tron’s partnerships and changes in their blockchain platform, Tron still shows exponential potential to grow and easily rise to over 10 US dollars in a relatively quick period if all things remain constant. Finally, I believe Tron TRX is highly underpriced currently.

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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 Maxpixel.net

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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