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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

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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