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

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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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