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Is Tron (TRX) set for another breakout?

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Tron is one of the best-performing cryptocurrency in the world of crypto, and this because it has taken charge of lots of projects in the past to help its platform and community, but all these haven’t helped or reflected on the token price. Now, many cryptocurrency enthusiasts believe that Tron (TRX) is poised for a breakout in the coming weeks. But how likely that speculation is to become real?

At the time of writing, TRX is priced at $0.022 after going up by 0.05% in the last 24 hours – hence, no significant change yet. Over the past few months this year, there has been a decline of more than 60% in Tron value, which is likely due to the overall performance of the crypto markets. But even after the launch of Tron’s MainNet, the price of TRX remains stagnant. That’s one thing that has pushed many to the dull-wall.

A TRON Breakout Forthcoming?

Technically, taking a look at its market charts, Tron is now in a falling wedge, but there are a number of changes in the charts which show a breakout may be coming up.

The falling wedge also indicates surge and dips which are bounded by trendlines, and we do know that this type of scenario forms a bullish trend at the upper part of the wedge. Additionally, the OBV indicator (On Balance Indicator) is showing a downtrend, and there is a high possibility that it may create a new trough.

As things stand right now, an upward price correction is evident, and we may see a price breakout on TRX/USD trades in the coming weeks. In fact, it seems, the reversal is already ongoing which is due to the activities of Bitcoin in the market.

It is necessary to know that Tron (TRX) is riding the wave of positive news around it. It looks like Tron is a getting a better share of attention after creating a better avenue, its Virtual Machine – a much better Virtual Machine than Etherum’s for Dapps developers to create and deploy their Dapps.

Even in a recent statement by the CEO of Tron, Justin Sun, he has asked Dapps developers not to install their Dapps on Ethereum’s network. There is no doubt that Tron has increased its pace and making sure it offers the best experience for Dapps.

Tron’s VM is drawing the attention of lots of developers today and as this interest increases so will its price.

Furthermore, Tron has now been listed on Bittrex and Binance, both of which are prominent cryptocurrency exchanges in the market today. Tron has also created another project for Dapps developers called SeedGerminator, which will help accelerate Dapps and its creators to produce technologies on Tron’s network.

Besides the technical analysis, the announcement of Tron’s Dapps and its listing on Bittrex among other things could see the price of TRX breakout in the next few weeks. Although, this forecast will solely depend on the market if it does not generally dip as it did lately. And yes, accounts on the Tron network surpassing 400K mark is a thing worth noting too.

Additionally, we shouldn’t forget that other recent project such as Project Atlas will also help TRX price surge in the coming days. The recent developments on Tron’s network seem to be promising, and we could be in for a breakout anytime soon.

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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 Vlad Shapochnikov 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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