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Tron (TRX) could reach $3.50 before the year closes and $10 when 2019 ends

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Tron (TRX) is one of the best-performing cryptocurrency in the market today. The main aim of the digital asset is to take over the entertainment industry. However, Tron has created lots of other projects too to benefit its community and its network.

The digital asset has lots of potentials to grow in the future, but what will be its price forecast before the end of this year and similarly when the next year comes to an end? Let’s find out.

Tron (TRX) Current Price Analysis

At the time of writing, the price of TRX is $0.0219 with a market capitalization of $1,445,768,798. On its mid-term outlook, TRX is ranging, and it is at the supply zone of $0.02800, $0.02900, and $0.03000. It is important to know that that the bull trend that occurred on 27th Sept at $0.02084 was only able to move the price of TRX to $0.02312 before the bearish trend returned.

The bearish trend pushed the price of TRX slightly back to $0.0210 before a slight increase by 0.1% took place in the last 24 hours as a further downward trend was declined.

TRX is consolidating, and it is trading between $0.02349 and $0.02049. However, a breakout may occur at the higher supply trading zone at $0.02349.

TRX Price forecast for 2018

As mentioned in the beginning, TRX is one of the growing coins in the market today, and it has the ability to surge even further. Despite the price of TRX is below $1, lots of crypto-experts have forecasted that the Tron (TRX) value will rise to $3.50 before 2018 closes. The predictions further say that the price of TRX might go above $10 by next year.

Tron (TRX) Progress So far

At the end of last month, Sun updated the Tron community on the happenings of Tron’s network. The CEO stated that Tron had surpassed the 400,000 network account – exceeding that of Ethereum’s and EOS. Tron’s statement also pointed out the number of daily transactions that occur on Tron’s protocol is now more than 440K.

Sun further talked on the Super Representatives (SR) scheme by Tron’s network and that these SRs are ensuring smooth control in the company. He also stated that these SRs are guaranteeing the validation of Tron’s network.

On the other hand, Tron’s BitTorrent acquisition is now regarded as one of the ‘biggest’ feats the company has achieved this year. Sun hasn’t failed to talk on the developments BitTorrent has made so far. He even declared that the uTorrent has now been set to the Chinese language for a broader reach.

Concerning Tron’s partnerships, Sun stated that Tron has partnered with the Blockchain Charity Foundation. It is important also to know that Tron is a charity donor to the UNDP (United Nations Development Program).

Additionally, Tron has created a platform for Dapps developers: Project Atlas. Hence, Dapps developers will have the ability to develop and install their Dapps on Tron’s network. Tron also launched a project known as SeedGerminator, which is an accelerator for Dapps.

At the moment more Dapps developers are opting for Tron’s network. Tron is also a favorite as it is being adopted by lots of entertainment companies such as Twitter. As more Dapps developers and companies go for Tron, it is certain that TRX will respond well to the price predictions being made for it.

But yeah, Tron can’t surge alone, it will need the whole market to ride the bulls as we see off this year to be able to reach the predicted price. Again, that’s more likely to happen too, but as we all know is the case with crypto markets, we can’t be damn sure about any gains here.

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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.

Photo by Lachlan Gowen on Unsplash

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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