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

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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