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Tron (TRX) is turning around big time - Global Coin Report
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Tron (TRX) is turning around big time

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Tron TRX
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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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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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Luxcore
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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP
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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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