There’s a phrase that’s become widely popular in the cryptocurrency world over the last few weeks. To the Moon. If you’ve read any cryptocurrency news at all, you must have found it several times already. Reddit, Twitter, Telegram, you name it, it’s all over the place. It’s becoming a crypto-cliché.
The phrase refers to a cryptocurrency or token that’s been doing great, growing in value very quickly, just in the way that a rocket in the Apollo era acquired enough momentum to reach the moon during the 1960’s and 1970’s. Apollo’s poster boy was, of course, Neil Armstrong, the first human to ever walk on the Moon. Upon taking that first step on the lunar soil, he said “One small step for man, one giant leap for mankind.”
Now that you have the context, I have to tell you this: Tron (TRX) might just be actually headed to the moon. The kind of success they’ve had so far can only be described as being out of this world. (And this is where you include laser lights and sci-fi music).
Just very recently (on April 5th, 2018) the currency was still surrounded by fear, uncertainty, and doubt. Traders were not taking it seriously despite Justin Sun’s very vocal and clear plans announced by himself and the Tron foundation. But now its current value is at $0.09087, which is a 235% increase in fewer than thirty days.
— Justin Sun (@justinsuntron) April 7, 2018
Tron’s fans believe this is nothing but the beginning and that the currency’s action will be even more spectacular in weeks, and months to come. Tron’s MainNet (which will be the firm’s network) will be released on May 31st, and Tron is saving no expense to make it spectacular and creating anticipation. The countdown feature at the firm’s site is reminiscent of the NASA countdowns that have been made famous by Hollywood movies.
If Tron can keep its momentum going forward from now until May 31st, it will continue going up (reaching the Moon, probably) and it will go as high as it did last January 5th, when it reached $0.2879 in value. It would seem that the best move right now would be for you to hold on to your Tron tokens if you already have them or to buy them if you don’t own any already.
Current projections place TRX’s value beyond $0.50 by next June. Just go for it right now, while it’s still cheap.
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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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Bitcoin bull run momentum builds up; price breakout imminent
There is no doubt that Bitcoin is the most significant and largest success story in the cryptocurrency sphere despite the volatilities the powerful digital coin has been experiencing this year. 2018 has been a rough year for major cryptocurrencies including Bitcoin that has seen the prices of the virtual currency depreciate from a high of 20,000 US dollars in January 2018, to a low of 6,400 US dollars in October 2018.
Regardless of not much powerful performance, Bitcoin still maintains being the most sought-after virtual currency in the market. In totality, Bitcoin had a price appreciation of about 150,000 percent from its listing in July 2010 to the present day.
Bitcoins Brief Historical Evolution
In its lifetime so far, the number one ranked cryptocurrency has had its fair share of mixed bear runs, and bull runs throughout the years with the longest bear run being experienced in March 2014 and March 2015. However, in its history of up and down price progression throughout the years, gains have outweighed losses and Bitcoin has managed to record impressive highs of 20,000 US dollars as at December 2017.
As for this year, 2018 has been a nightmare for Bitcoin as its bullish gains have been low, recording shorter runs that have given rise to general losses attracting undue media attention from the general public and governments.
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Institutional investment presumption to send ETH, XRP, and Bitcoin high
These days it points out that institutional investors slowly are gaining interest in the cryptocurrency domain. Practically, a real-world working model will attract institutional investors automatically from all over the globe. They will look for an opportunity to invest in the cryptocurrency industry if not necessarily in coins such as Bitcoin, Ripple’s XRP or Ethereum, and it seems like that moment is already at hand.
State of the Market
The past 24 hours have been stable for the crypto market as the entire market has seen steadiness in their trade. For that reason, the general market value has been lifted to $210.6 billion.
The state of the market has seen the price of Bitcoin go up by 0.7% to the $6,537 lifting its market cap to $113.2 billion. Bitcoin cash has stayed stable too at $466 representing a slight drop of 0.56% and the market cap being $7.7 billion.
Also, Ethereum price dropped 0.59% to $205.87 giving it a market cap of $21.1 billion, and as for Ripple (XRP), a similar trend was experienced whereby it dropped by 0.15% to stand just above 46 U.S cents making its market cap to stand at $18.5 billion.
The stability in the cryptocurrencies is a positive gain as that increases hopes and chances for the institutional investments.
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Why Ripple (XRP) has been making repeated headlines in the calm market
From the look of things, it looks like things are back to horizontal trends not only for Ripple (XRP) but the whole cryptocurrency markets as very little progress has been witnessed over the past 24-hours. As it was this time yesterday, the total market cap is still hovering around the over 210 billion US dollars region, showing little or no signs of bouncing back to previous levels marking a lazy day in the cryptocurrency market.
Following its last Thursday dump of about 300 US dollars, Bitcoin has remained on a flat line fighting not to depreciate any further than that. Earlier this week, the number one ranked cryptocurrency undervalued to exchange at 6,300 US dollars and is now trading slightly above that level.
According to some cryptocurrency analysts, Bitcoin seems to be making a symmetrical triangle formation regarding its price trends, something that could lead to its breakout from the consolidation. In regards to its trade volumes, the number one digital currency has fallen back after the recent upward price surge that has seen trade volumes stabilize at about 4 billion US dollars. In regards to Ethereum, the digital coin is still week but is holding to its impressive 210 US dollar price tag currently, recording no change from yesterday.
Ripple (XRP) Making Headlines with Bullish Movements
Out of the many virtual currencies available in the crypto market, Ripple (XRP) is one of the few digital currencies that…
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