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TRON (TRX) Surges by 20%

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A number of cryptocurrencies have seen a lot of positive development in early 2019, with most of them experiencing significant gains, followed by mild drops, only to start gaining more value once again. TRON (TRX), for example, has just recently surged by as much as 20% within 24 hours.

TRON has made a lot of progress in 2018, from launching its MainNet to benefiting from popular new dApps and announcing massive projects such as Project Atlas. In the meanwhile, the coin entered more partnerships than anyone can count, and new announcements of listings are constantly coming.

Its market cap is also rising, and after spending months ranked as 11th largest coin, TRX has recently started to move up the list. The real progress was made after it managed to enter the top 10 list, and after that, within only a few short days, TRX managed to rise to the 8th spot, which it holds at the time of writing.

This was a significant milestone for TRON, not only because it climbed so high up the list, but also because its market cap surpassed $2 billion.

Meanwhile, TRON’s creator, Justin Sun, continues to publish important announcements via his Twitter account. Recent examples of important news include submitting the proposal that will allow TRC-10 token transfers in smart contracts, which is expected to go into effect on January 11th, new milestones hit by TRON dApps, new listings, and alike.

TRON grows while the crypto market trades in the red

The new price surge might be attributed to these successful moves, which have finally impacted TRON’s price as well. This is a clear contrast to last year’s situation when TRX made some very important moves which made countless headlines, but its price never moved in any significant way.

At the time of writing, TRX is valued at $0.031183, according to CoinMarketCap. Its the market cap is just over $2 billion, while its daily trading volume sits just below $700 million. The current growth originally started on December 17th, and it kept on growing ever since this day. The holiday season has slowed down this upward trend by a bit, but it never discouraged it from continuing to rise.

Many were hoping that this would be the case in 2019, and while a lot of coins did start the year trading in the green, nearly all of them are currently losing value, with TRON and a handful of other coins being exceptions.

As for TRON’s plans for the future, most of them revolve around completing the projects that were started in 2018, developing new dApps, and continuing with the coin’s expansion in regards to partnerships and exchange listings. While the current growth seemingly came out of nowhere, many would argue that it was long overdue, and TRON community members seem to be optimistic regarding the coin’s future.

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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.

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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