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Tron (TRX) is turning around big time

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Tron has not exactly had a great 2018 – the project has plummeted in price from 30 cents in January, to hovering at around two cents. Of course, the entire market has been in an overall slump in recent months, so this isn’t too surprising, but many believed that the Justin Sun-led project would be one of the most successful projects of 2018, given the fact that Tron has floated rumors about partnerships with world-renowned companies such as Alibaba and Twitter for some time now.

Although the price action has been disappointing recently, that has been turning around, and the price momentum of Tron (TRX) is growing, as it is up by 9.9% over 48 hours or so.

Of course, this does not mean that there is a sustained price rally underway, or that it will blow past two cents to reach three, four, or five cents. It is evident that since the project has lost so much market capitalization, it will take a lot for long-term investors to feel great about the project in general.

Subsequently, there are key developments that are leading to this price boost. One massive expansion is the fact that the world’s largest cryptocurrency exchange by daily volume, Binance after adding TRX/USD earlier, has decided to create BNB/TRX pairs now.

That not only means added liquidity for Tron (TRX) but also suggests that the exchange believes that the project will increase in value over time significantly. It certainly helps the overall market sentiment and public perception of Tron in general.

Binance isn’t the only exchange that is taking steps to make sure that Tron experienced more liquidity in the market. Although it is only available in certain parts of the world, Bittrex announced that it would add Tron/USD and Litecoin/USD pairs to the exchange.

The fact that Tron has fallen so much is unfortunate, but given these two recent developments, and the subsequent price action; it is easy to conclude that many buyers have decided that this is a great time to enter for either a long-term hold or a short-term trade.

Of course, there are significant resistance levels, and obvious mental resistance at both the five-cent and ten-cent mark, but if Tron (TRX) continues to have positive developments, perhaps the project can reclaim some of its former glory.

The demand for Tron is undoubtedly here currently, as it already has exceeded $100 million in 24-hour trading volume. Apparently, the future will determine whether this kind of volume will increase and whether the price will continue to rise, or plateau at a certain level.

As of right now, it is clear that there is a demand for Tron (TRX) and a suggestion that prices will increase over a long period. The truth is that these new pairings will undoubtedly lead to more volume for the project, but time will tell whether this volume can be sustained to create a true trend reversal. Keep your eye on Tron – you never know what will happen.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Kelly Sikkema on Unsplash

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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