Connect with us

Altcoins

TRON’s Next Resistance is at $0.032 — Can TRX Break through it?

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

Published

on

CryptoDungeons
READ LATER - DOWNLOAD THIS POST AS PDF

According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

Continue Reading

Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

Published

on

VeChain
READ LATER - DOWNLOAD THIS POST AS PDF

As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

Continue Reading

Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

Published

on

Solve.Care
READ LATER - DOWNLOAD THIS POST AS PDF

A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

Continue Reading

Elite