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TRON (TRX) Expectations for 2019

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TRON

Even though it was not in the top 10 largest coins for the most part of 2018, TRON (TRX) was undoubtedly one of the most productive coins of the past year. It has already made a name for itself in the crypto community, and it achieved so much in 2018 that it is impossible to list and explain all of its achievements properly.

Indeed, TRX supporters are highly optimistic regarding this coin. Despite all the difficulties that cryptos had to go through in the previous year, the crypto community remains convinced that cryptocurrencies will eventually bounce back, no matter how long it takes. There may be significant changes in the structure of the market when this occurs, that much is not being questioned.

A lot of coins that are currently still active will likely disappear in the process, especially if they are weak projects with no proper support or plans for the future. However, there is a lot of people who firmly believe that TRON will not be among them and that this coin has excellent chances of being one of the most dominant cryptos in the future. The evidence certainly indicates that this way of thinking may be correct and that TRX has a lot of potentials to become one of the top coins of the third generation of cryptos.

TRON events and performance in 2018

Similarly to every other cryptocurrency out there, TRON has experienced significant losses in January 2018, after the market crash which eventually ended up taking away as much as 90% of most coins’ value. Not a single crypto has recovered from the event to this very day, and it will likely not happen for a long time to come.

However, while its value may be low, TRON has made a lot of progress regarding pretty much everything else. There was a time when the coin was announcing new partnerships, listings, and similar types of support pretty much on a daily basis. Even now, its creator, Justin Sun, regularly posts updates regarding new listings, projects, events, and development details regarding the TRON ecosystem.

In 2018, TRON also managed to launch its TestNet, followed by MainNet, a token swap, several token burns, the election of Representatives, and finally — the purchase of BitTorrent, which led to its Project Atlas. Of course, this did not all come at once, and it actually took months of preparation, planning, and negotiating for everything to happen the way it did. However, this still doesn’t make it any less impressive.

After its MainNet launch, TRON also started seeing a lot of development on its new blockchain, especially when it comes to dApps. While there are many projects that are dedicated to dApp creation — such as Ethereum, which started it all, EOS, NEO, and others — TRON appears to have something that other projects lack, something that makes its dApps much more successful.

It is because of this special ingredient that TRON dApp usage led to the coin breaking records in regards to daily transaction volumes. It still has only a few finished dApps, although many others are being created right now, and most of them will likely be completed at some point in 2019. Meanwhile, TRON’s goals have not changed, and it still aims to revolutionize the entertainment industry and decentralize the web, with Project Atlas being its first big step on the road to achieve this.

What to expect from TRON in 2019?

Due to the crypto-unfriendliness of 2018, not a lot of people in the crypto community were sorry to see this year end. So far, 2019 is mostly viewed as the year of opportunities and untapped potential. The crypto market is not in great shape at the moment, especially when compared to the situation it was in late December 2017 and early January 2018.

However, while many have started rethinking their involvement with crypto, there are also those who firmly believe that things will get better. In TRON’s case, the coin has had losses in 2018, as mentioned, and that much is true. However, it also used the year to set strong foundations and make preparations for a large takeoff, which might take it to the stars when proper conditions are met.

The project’s current efforts mostly focus on developing its platform, building different projects (including Atlas), improving its DEX, and more. A lot of people see Project Atlas as TRON’s biggest announcement of 2018, as well as the most important thing that coin’s developers are currently working on.

As mentioned, it includes BitTorrent, which is the biggest reason why developers obtained it back in June 2018. The plan is to use BitTorrent’s network to improve TRON’s own reach, but also to help a lot of new crypto users enter the space by providing rewards for seeding content. While not a lot of people are expected to actually interact in TRX via BitTorrent, it will still reveal the possibilities of doing so to many.

It appears that TRON’s moves mostly focus around building a community, expanding it, bettering it, and providing it ways to survive through rewards and similar forms of incentive. In addition, BitTorrent already started accepting payments in crypto, including TRX itself, BTC, and BNB. Not only that but it also just launched its own native, TRON-based token— BitTorrent (BTT).

The coin can be used for improving the speed of downloads and the entire network, in general, which is yet another way in which TRON plans to tokenize content sharing in its ecosystem. Considering the fact that BitTorrent supposedly has around 100 million users, many see cooperation with BitTorrent (and the entire Project Atlas) as the best decision TRON has made to this day.

For now, TRON is expected to continue development of its platform and its larger projects, with smaller ones also being expected from time to time. However, there is never much certainty when it comes to TRX, and a new big announcement might be just around the corner at any time.

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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.

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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