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Tron (TRX) is almost ready to break the trendline

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Tron TRX
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Last week, the price-movement of TRX moved steadily with much traction. Due to the volatility in the crypto-market, the price-movement of TRX hasn’t been like last week, but things are set to change as TRX is preparing to break its current trendline.

At the time of writing, the price of TRX is $0.0229 with a market capitalization of $1.5 billion. Talking about facts and figures in the recent times, Tron (TRX) hasn’t made that spectacular moves as we have expected it to. Its last bullish movement pushed the coin upwards above the 50 and 100 EMA, but the 200 EMA is still slightly above its current price.

Since June this year, TRX hasn’t passed its 20-day Moving Average as TRX’s market activity has been in a falling wedge, thus, presently moving to the resistance of the 9-day Moving Average. Nevertheless, TRX can jump upward; if it breaks above the 9-day Moving Average or its current trendline – which the crypto got in the third week of June.

Looking at the technical charts (not the predictions what crypto pundits have been giving out lately), its price may surge to $0.05 or more before 2018 closes. It is important to know that once the price of TRX moves to $0.03 – which is possible as it is gathering an upside momentum – TRX will have the resistance of the 20-day Moving Average.

Technically, TRX’s trendline has had different trend areas which are vital to the price of TRX. As said earlier, if Tron (TRX) can push further above its current trendline, it would be effortless for it to surge even higher and test other resistant areas.

It is also necessary to know that TRX has made some cool price surges which gave its investors the opportunity to pull the trendline. Given that, if Tron maintains its current price, then a breakout is imminent, and we may see a surge to around $0.03.

Tron TRX TradingView

Chart courtesy of TradingView

Subsequently, if Tron does not reach the upside momentum, or rather, if it makes a break towards the downward trend area of its current trendline, then it would have an adverse effect on the price of TRX in the crypto-market. This is due to the fact that TRX has been consistent as a result of its current level, and a further dip below its current trendline will decrease its price.

Tron Unveils a Developer Portal

Tron could surge further in coming days as it recently unveiled a developer portal for DAPPS developers. TRX looks stable at the moment as other crypto-coins in the market are currently showing slow movements.

TRX is trading in green by 0.57% taking the last 24 hours in the account, and this is probably due to the announcement of its newly-formed developer portal. Out of top 15 cryptos, only Binance Coin is the other cryptocurrency that’s in green at the moment.

Tron’s recent developer portal will help DAPPS developer create different types of applications on Tron’s network. The portal will also help these developers to get acquainted with Tron. The developer portal will certainly draw more DAPPS developers; as more of these developers adopt Tron, the price of TRX will increase.

Agreeably, Tron is increasingly becoming the developers’ choice as it is more favorable. We shouldn’t also forget that Tron is also scalable and efficient. The crypto is poised to surge, and its recent projects will help elevate its current price.

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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 PixaBay

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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