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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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