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Tron (TRX) has officially swapped its tokens; recovery time starts now?

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Tron
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The crypto market is looking good at the moment (the market has started to turn on its head in last 24 hours though, in red again), and transactions with Tron (TRX) have increased in the past few days. The price of TRX has been on a low at $0.035 for the past few months, but right now, the price has moved upward.

The recent surge in the price of TRX was due to the increase in the share of USDT Trading. It is important to note that Tron increased by 31% in USDT Trading share. Although there may be short-term booms due to the USDT trade on Binance and recent market trend, still now, Tron is a matured digital asset and gains can be acquired on a long run – TRX will remain at this state for a while till its network starts distributing its products.

Moving forward, Tron’s election did not occur on June 26 as it was due to the fact that Bittrex and Binance had little doubts about the stability of Tron’s mainnet – and users may have to wait a little longer till the new Tron Wallet can be used.

The Super Representative elections of Tron has begun, but it seems the election is facing a glitch. As it stands, there is no specified date to the end of Tron Super representative elections. TRX tokens have been migrated to different exchanges, but exchanges such as Binance doesn’t permit withdrawals yet as a result of maintenance.

So, Tron’s mainnet was launched on June 25. Before that date, Tron scheduled its launch to be at the end of May, but the cryptocurrency faced some issues at that time. The mainnet has been launched, but it hasn’t lived up to expectations as yet.

Due to the fact that Tron’s mainnet hasn’t produced the right outcome in the past few days, it can’t be counted in the league of the most-traded coins in the crypto sphere. Quite remarkably, it has carved a niche for itself and topped the charts for the most searched on Google – as stated by Tron’s CEO, Justin Sun on his official Twitter page.

It is necessary to note that Tron’s mainnet pledges to offer a platform for distributed apps that will be much better than EOS – we will know if the prototype can stand the test of time as the day goes by.

During Tron’s mainnet, 1 billion tokens were burned and 99 billion new TRX tokens were circulated. Also, Tron foundation will have 33 billion TRX tokens locked till 2020 to maintain its value.

Furthermore, July 31st is the day set by Tron to launch its TVM (Tron Virtual Machine), and this TVM will enable Ethereum developers to migrate their projects into it as it is faster and more efficient.

Tron (TRX) price looks attractive at the moment if you take last seven days into the account (token went in red in last 24 hours following the market trend), but the digital currency is looking for ways to keep up with the current price trend.

There are bizarre forecasts that once Tron’s ecosystem starts functioning, its price will further increase. Well, let’s hope these forecasts are accurate, but in the meantime, let’s keep our fingers crossed and see how things unfold with the cryptocurrency.

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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 Pxhere.com

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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