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Tron (TRX) on the edge of a breakout, responds to critics

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Tron is no doubt creating a thrill and widespread notice in the cryptocurrency ecosystem. The digital coin is steadily making moves and increasing in value with each partnership it is onboarding in its already long portfolio.

Tron (TRX) is a platform that was launched in 2017, and it intends on using blockchain technology in building and storing entertainment applications and content allowing users to use smart contracts that are accepted on their blockchain. One of the major advantages of Tron and its platform is that it allows users to publish their data and content easily with little restrictions nurturing their growth and the growth of the media and entertainment industry.

Although there are no major visible implementations that have been witnessed, Tron (TRX) recently successfully launched their new Main Net, Odyssey 2.0. Even after the main net launch, Tron has continued to experience considerable price instability.

Apart from being a global no-cost content and entertainment platform, Tron (TRX) is also an investment asset that has many applications associated with it. Tronix or TRX is its cryptocurrency coin.  Many virtual currency analysts are discussing the probabilities of Tron (TRX) being a viable investment for individuals as well as corporations.

Reasons Why Tron might be on the Edge of a Breakout

We have all watched in disbelief as Tron (TRX) prices refuse to leave the red zone even after the much-hyped Main Net launch. Before the May 31st launch, many cryptocurrency enthusiasts together with the TRX community kept hoping and speculating that the virtual currency’s price would surge.

Well, at the moment, this is yet to happen. To some who could not predict the future, the main net launch was just an overhyped project that could have been responsible for pushing some holders into panic and selling off their digital coins. Many holders sold off their holding after seeing the coin wasn’t making much headway in regards to value and price. But Tron is not the only cryptocurrency to be a victim of this trend as the general markets are now struggling to rise from the market price slump that was experienced early this year.

Regardless of the negative outcomes, Tron still prides itself on having a strong market presence. Currently, the digital coin is ranked position 10th on the market and sells at about $0.05 against the dollar.  Even though it hasn’t shown great movements in the past seven days or 24 hours, the virtual currency remains to be the favorite coin in the top 10 market. In the last 30 days, Tron has more than 65 billion TRX in circulation and an average of $350 million trade volume per day.

Also, Tron continues to spread its tentacles in the market by gaining more listings on exchanges. At the moment, TRX has about 100 pairings going by announcements made by none other but Tron CEO, Justin Sun. The coin is gaining traction with each day that passes providing accessibility and driving demand. Tron (TRX) was recently included on platforms that include BitForex, OTCBTC, ShiftMarkets, and CoinEx.

By increasing its visibility, Tron is surely ready for the next level that could propel it to great prices and valuation.

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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

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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