Tron (TRX) expected long-term value now (and market psychology) - Global Coin Report
Connect with us


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



Tron TRX

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.

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


3 Reasons Why WISE Token Could Be a Massive Winner in 2021



WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading


Lotto Nation is Revolutionizing the Traditional Lottery Industry



Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

Continue Reading


Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Press Release