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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

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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