Connect with us

Altcoins

Tron (TRX) expected long-term value now (and market psychology)

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

As for the moment the crypto world is going through one of the toughest times regarding price movements. In fact, at the time of writing the market capitalization has decreased to the point of having a value of  $193,719,360,631, a number that is to be worried about if we consider the heights the market has reached before with market caps touching the 800 billion dollars level.

In this sense, we all wonder how is it possible for the market, and specifically, for our favorite coins to give a U-turn and get back to decent prices where we can feel safe again.

TRON (TRX) is definitely one of those coins about whom we question the most. As it seems, Tron is one of the most solid projects that exist out there, and additionally, counts with one of the greatest teams in the industry, starting with the presence of Justin Sun as the CEO and leader of the group.

Tron has given us some of the most exciting initiatives ever since it was created, but for some reason, this hasn’t been translating that much into the price. So what can we expect in the long run for the TRX token? Let’s see all the details on a long-term price prediction for the coin.

Long-term price of Tron

Truth be told, things have not been going the way we expected with the TRX token. In fact, after the main net launch, the Super Representative Elections, the Tron Virtual Machine, and other outstanding projects, we were hoping to see a skyrocket that didn’t occur.

Instead of that, we’ve seen how the price has been slumping down, even moving the coin out of the prestigious spot of the top ten cryptocurrencies.

loading...

At the moment of writing, TRON places at the 13th position of the charts according to Coinmarketcap. The crypto has a current price of USD 0.0193 per coin, a trading volume of $101,406,132, and it has decreased by 1.42 percent in the last 24 hours. In this sense, it just seems like the landscape is not rosy for the coin, but how do we know that the price will rise soon?

Well, recessions are actually quite frequent in the finance sector. In fact, back in 2008, the finance world had one of the toughest times ever with a pronounced recession that broke several banking institutions and made disappear a bunch of them.

For instance, we can name the case of Lehman Brothers, a reputed financial institution that was forced to apply for bankruptcy in lights of the hard scenario of the day. Back then it was actually common to wake up and see futures reflected of 400 or 500 point downs.

About this, the influence that news and social media has on this type of business is crucial. Most of the times, the community takes decisions because of the information in which is exposed, but when price stops having a relationship with all the news around, that’s when we can expect a real increase in the coming months.

When news of this kind don’t affect the price or don’t make the price to go lower, that’s an indicator of a ‘soon coming’ reversal. Like this, Tron may give an upturn in the following months, but to see this happening it would need both events and market support.

Concerning events, TRON has definitely characterized for creating the best initiatives to fulfill its mission of ‘decentralizing the internet,’ and that’s precisely another of the reasons why Tron will manage to surge, as it has one of the most robust fundamentals of the sector. But for the market support, it would need the boost of a market increase to skyrocket its prices.

Like this, we could be speaking of getting to a mark of $4 or even higher in the long-run (3-5 years), depending on the market conditions. But what we can be sure of, is that the current conditions of the sector are no longer affecting the price of token that much, so we at least can expect an upturn to happen in the following months. Stay tuned.

For the latest cryptocurrency news, join our Telegram!

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.

Photo by Tadeusz Lakota on Unsplash

Altcoins

Ripple XRP Mega Breakout: What’s Next?

Published

on

Ripple XRP mega breakout
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Where will Tron (TRX) be when we land in the same month next year?

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

Continue Reading

Altcoins

Litecoin Cash (LCC): The potential mover?

Published

on

Litecoin Cash
READ LATER - DOWNLOAD THIS POST AS PDF

Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

Continue Reading

Trending