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Tron’s TRX at the top of current bullish trend, will it keep going up?

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Tron TRX bullish trend
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TRX is Tron’s foundation crypto coin. Founded by Justin Sun (who happens to be Alibaba‘s Jack Ma’s former student and protegé) and based in Beijing, and it’s one of the blockchain technologies that’s been gathering more attention over the last few months. And new developments are expected to unfold very soon.

It bears saying that while TRX is Tron’s coin, but the foundation and the currency are not the exact same entity. Tron is a blockchain firm that provides a number of different platforms that can deal in several digital and fiat currencies. They do own TRX’s largest reserve for sure, but as blockchain technology developers they offer many other services and advantages besides their own crypto-coin.

Tron has experienced a price correction that followed a recent rally. It’s stabilizing at around $0.07. It’s increased in value by 4.18% over the last 24 hours, and it’s currently the coin with the highest percentage increase as the current bullish trend keeps developing. But the question remains: can this coin start growing again and will it keep going up?

Expert investors are expecting anxiously for the market to rebound soon, especially after the cryptocurrency census now. This is showing in the way in which most digital coins are lining in breakout formations for intra-day trading. Tron’s Foundation’s TRX is one of these coins, and it looks like it’s loaded and ready to shoot. Many observers believe that TRX will experience a significant breakout soon.

The information you can get from RSI points in the same direction as the current market’s momentum goes for buying. The momentum has been maintained because Tron is about to launch their new Main Net infrastructure on this May 31st, and there are also rumors that it will be soon listed in one of the world’s most important cryptocurrency exchanges.

Things became even more interesting when Mr. Justin Sun announced a huge giveaway (the dream home one), which is a PR move he usually goes for when there’s a big announcement to be made. Traders are aware of more imminent events like this, and they’re supporting the coin as they expect them to become a reality.

The charts show signs of an impending trend up. And it’s the coin that is currently at the forefront of the bullish trend. These signs suggest it could reach a price as high as $0.08 at the 200-day moving average level. Reaching that level could see this coin even reach the $1 psychological barrier.

On top of all that, yesterday’s volumes did not go down at all, but they actually increased. The price slowly kept going up bringing the coin’s value to an accumulation point. The trend has given buyers and sellers all the clues they need to know in order to be confident about their transactions.

Do you think Tron’s TRX will be able to hold its upward trade until their new Main Net goes online?

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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 Pixabay via Pexels.com

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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