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Tron (TRX) secret project may skyrocket the price of the coin

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Tron
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Rumors are all over the cryptosphere concerning an alleged under-the-sleeve card that Tron (TRX) may be hiding to slingshot the price of the token in the coming month. Regarding this, not so much information has been deciphered yet about the project; in fact, there’s nothing so far that indicates how it will look like, or what exactly will it be about. However, when it comes to creating a hype, Tron (TRX) knows exactly how to do it, and that is precisely what’s going on as of now.

In the current panorama of the cryptocurrency world, there’s a large part of the community that has been reacting to the secret project, which of course, means a lot of expectations have been raised already around the rumors. Many enthusiasts are just waiting anxiously for the project to get revealed, and as we know, this is something that may occur a couple of days before the 30th of July or even that day.

One way or another, the truth is Tron (TRX) is resorting one more time to its most deployed strategy in history, the creation of events or milestones that set a fluctuation in the coin’s price.

In fact, it is not necessary to go through an extensive analysis of the currency to see that Tron has managed to give astonishing jumps on their prices by just setting the launch of a project with a specific deadline. For instance, the TestNet and MainNet launch, BitTorrent acquisition, the Token migration, the Super Representative Elections, or even the most recent; the 1 billion coin burn.

Truth be told, Tron (TRX) has managed to be a top coin of the market in just a tiny period of time, a fact that mainly has been favored by the relationships the company has established both with the community, and all of the allies of the sector.

Like this, Justin Sun has done an incredible job by creating the most solid relationships of the industry, and the best communication with its community by making use of social media, making it clear for the one time why he’s one of the most influential figures in the financial industry.

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As a matter of fact, compared to other cryptos in the market, one can say, for instance, that Tron has deployed even more solid relationships than Ripple (XRP), and this is one of the primary actions that has collaborated with the high trading volume that the coin maintains. Similarly, when it comes to reputation, there’s not a lot of negativity around the token besides being a cryptocurrency, which definitely proves the coin’s position in the market beyond the price itself.

Conclusion

Unlike other cryptos in the market, Tron (TRX) is always giving the community something to wait for, and this is an extremely positive fact, since many of the tokens that one time were on the way to the top, end up dying because of inactivity, which entirely is the opposite case of what Tron tends to do.

We can be sure that the token will find a way to make its prices go up again, and that’s something that can either happen with the deployment of the secret Tron project which is yet to be revealed or with another strategy that for sure we can expect to be announced soon. All that said, nothing is ‘guaranteed’ in the world of crypto, even though Tron has all its pieces of the puzzle put in place nicely, still, the price surge might need to wait for the market trend to change even once its secret project makes headlines. So stay tuned!

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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 Pxhere.com

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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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…

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