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TRON's Next Resistance is at $0.032 — Can TRX Break through it? - Global Coin Report
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TRON’s Next Resistance is at $0.032 — Can TRX Break through it?

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Tron
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As cryptocurrencies struggle to shake off the bearish grip that has been holding tight ever since January 2018, many of the coins have come close to their next area of resistance, attempting to break it. For TRON (TRX), this resistance sits at $0.032, which is the value that the coin recently approached.

On January 27th, TRX value increased to $0.030467, which gave hope to TRON supporters that the coin might break the next area of resistance and potentially start a new rally. However, on this occasion, it did not happen, and the coin experienced a minor drop in the following hours, which continued during the next few days.

At the time of writing, TRX value has dropped to $0.026446, after experiencing a 1.43% drop in the last 24 hours. This is just above the coin’s first support line, which sits at $0.027. While there is still no indication that the coin will break the support line and continue the drop, its value still appears to be under the bearish influence.

At the time of writing, TRX is the only coin among the top ten largest cryptocurrencies by market cap to trade in the red, while other coins, such as Bitcoin, Ethereum, Bitcoin Cash, and even Bitcoin SV are currently seeing minor gains.

The second largest coin by market cap, XRP, is seeing the largest growth at the moment, with an increase of over 9% in the last 24 hours.

According to analysts, TRON’s price is not expected to change much in following days, with most of the predictions claiming that the coin has found a type of balance between its first support ($0.027) and first resistance ($0.032). Minor fluctuations between the two are possible and even expected, but the coin will likely not venture far into either direction soon.

As always, there is a chance that a new development or breakthrough might impact the coin’s price in an unpredictable way, and a large market rally or a drop could also impact the coin and lead it up or down. However, if no outside force affects the coin, the situation right now is expected to remain unchanged.

TRON in 2018

TRON has been through a lot in 2018, just like every other cryptocurrency. While the project managed to become one of the most popular ones due to its constant technological and business advances, its price remained unaffected, and most of its movements were downward trends that impacted the entire market.

Meanwhile, TRON paid no attention to the drop in crypto value, and it continued reporting project after project, partnership after partnership. It also managed to beat Ethereum’s record regarding the daily number of transactions — a feat that was possible thanks to its popular new dApps.

At the moment, the coin’s largest project, Project Atlas, revolves around BitTorrent, which TRON purchased in mid-2018. The project is expected to further increase awareness and popularity of TRON by providing rewards for BitTorrent users who continue “seeding” files, thus making them available for a larger number of people. While it is not expected that the entire BitTorrent community will jump to the chance to earn a bit of TRX, the move will still be one of TRON’s largest steps towards decentralizing the web to date.

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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 Mandalorian Captures via Flickr

Charts courtesy of TradingView

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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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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 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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