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Tron (TRX) is almost ready to break the trendline

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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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A matter of time before TRON (TRX) achieves mass adoption

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Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.

The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.

The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a  fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).

It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.

How TRON (TRX) is Making Mass Adoption a Reality

The primary objective for TRON (TRX) is to create a decentralized web which will be a representation of the internet’s next generation. Therefore, in making that a reality, the largest file-sharing platform, BitTorrent that has over 100M global…

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Cardano (ADA) research manager meets with Brazil representatives

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Cardano is one of the top crypto assets in the market today. With its visionary team, it has become robust in creating projects that not only benefit its blockchain but the world.

Its CEO, Charles Hoskinson, also the founder of IOHK, has also been focused on making sure Cardano’s utility spreads across countries. It is important to know that IOHK, the team that has developed Cardano’s blockchain was created in 2015.

IOHK is a reputable digital company that is poised in making use of peer-to-peer innovations to provide financial services to more than 3 billion people that don’t really have access to them.

As part of the plans by the Cardano’s team to provide great innovations for providing financial services to people worldwide, and empower countries across the world, Cardano’s research manager, Mario Larangiera, met with Mario Borges, the President of the Brazilian National Council for Scientific and Technological Development (CNPq) in the Brazilian Embassy in Tokyo, in Japan, to talk about the future of Brazil.

Mario Larangiera tweeted on his Twitter page:

Meeting with Mario Borges the president of the Brazilian National Council for Scientific and Technological Development (CNDq) in the Brazilian Embassy in Tokyo. In Japan but thinking about the future of Brazil.”

Moving forward, it is important to note that Cardano is poised in making great systems for financial services of the world, and it is taking a wise approach with its collaborations.…

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Hyperion-Stellar Partnership Finalized — Support For Stellar’s Crypto Assets Trade About To Arrive

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Hyperion and Stellar: A new partnership

According to a recent announcement by Global Blockchain Technologies Corp., it would seem that the known crypto exchange Hyperion has finally made an agreement with Stellar (XLM). The new partnership is to allow Stellar’s own crypto assets to be traded on Hyperion’s platform. This move is expected to significantly impact Stellar’s price and spread awareness of the coin and its goal even further.

Hyperion uses an alternative trading system (ATS), which was licensed by the SEC. As a part of this arrangement, previously attained via investment in DBOT (Delaware Board of Trade), Hyperion has permission to also operate as a broker-dealer. It is also expected to become North America’s first advanced security token exchange.

As many are already aware of, Stellar is a trading protocol that is used for issuing, exchanging, and transferring digital assets. It works with several other cryptocurrencies, but also with fiat currencies like the USD. Additionally, Stellar also works even with some commodity assets, like gold.

Stellar’s goal is similar to that of Ripple, at least when it comes to enabling faster and better cross-border transactions. While Ripple focuses on providing its services to banks and financial institutions, Stellar aims to provide these services to individual investors. Thanks to this, Stellar has received a lot of attention and praise from individual investors, as the general interest in cryptocurrencies grew.

Why is this partnership important?

By joining Hyperion’s…

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