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3 reasons why Tron (TRX) is on the brink for a big bull run - Global Coin Report
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3 reasons why Tron (TRX) is on the brink for a big bull run

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Tron TRX
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Justin Sun, the CEO of Tron, has shown to be resilient in the quest to make Tron one of the biggest cryptocurrencies in the cryptosphere in no time. Tron is currently priced at $0.03363 (the token increased in value by more than 5% in last 24 hours) with a market cap of $2.2 Billion at the time of writing this article. However, even though the market has been unfavorable for the past few months, Tron (TRX) is all set for a dominant bull run, and this is the right time for investors to invest in it.

Tron is a decentralized network that aims to change the entertainment world. The digital asset makes use of Peer-2-Peer and blockchain technology to share and receive contents via it. Additionally, Tron permits its users to store, publish, and own data to distribute contents. Most crypto enthusiasts believe that Tron is the future of the entertainment industry, and for some valid reasons (I am going to shed the light on them in this post).

Tron has also partnered with top companies in the world such as Peiwo, Obike, Giro, and the likes. The Tron Foundation aims to decentralize the internet in which its projected type of internet (Web 4.0) will permit anyone to freely create and share contents and applications without the use of ‘middlemen’ such as YouTube, Facebook, etc.

Tron’s breakout is looming, and investors need to start looking at the positive sides. The RSI seems oversold, but recently, it created a bullish divergence about a week ago. This shows that there is a possible reversal. The MACD formed a bullish divergence, though, it moved down again – but analyses indicate that it won’t last long.

Top exchanges resume TRX deposit And Withdrawal

One reason why Tron is on the path for a bull run is that top exchanges have commenced the deposit and withdrawal of TRX. A large number of exchanges have acknowledged supporting Tron’s migration by resuming TRX deposit and withdrawal.

Most exchanges have upgraded to Tron’s mainnet and have commenced TRX transactions as of July 12. The major exchanges that have resumed TRX transactions are, Bjex, Bitforex, Binance, Bitpie, Bittrex, CoinEgg, Cobo, Coinfalcon, Coinnest, Gate.io, Hitbtc, Huobi, Max Exchange, OKEx, and Upbit.

Tron’s potential partnership with Twitter

Besides Tron’s collaboration with Bitman, oBike, Zag, PornHub, Game.com, vSport, etc., a tweet by Sun on his official Twitter page indicates a potential partnership with Twitter:

Twitter has visited TRON office today! Very exciting!”

Following Tron’s mainnet launch last month, Sun’s tweet has sparked lots of speculations in the crypto sphere – as it appears, Tron seems to be creating new partnerships every day.

Some rumors lately state that Tron may partner with Alibaba – but before this, a collaboration between FX brokers Shiftmarkets has already begun.

However, an undisclosed notice has been scheduled to be announced on July 30th. As a result of this, lots of investors are anticipating, and Sun’s recent tweet may have ignited some upcoming speculations.

Tron’s Virtual Machine

Another feature that will change things for Tron and set it on the brink of a bull run is the way the digital asset aims to represent the developers of the sector. However, this aspect is one thing Tron has been taking care of through its blockchain; the launch of Tron’s VM (Virtual Machine) will occur on July 31st.

Conclusion

Despite current TRX price in the market, the digital asset has been forecasted to be among the top cryptos very soon. Consequently, the 11th top cryptocurrency in the market, Tron, is on the brink for a bull run due to its solid foundation, partnerships, and definite purpose. In the meantime, relax and see how things unfold.

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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 Maxpixel.net

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet

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bearish
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Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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Altcoins

The Interoperability Problem of Blockchain May Soon Be Over

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Kardiachain
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Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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