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Why Is Alibaba Not Partnering With TRON (TRX)?

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TRON (TRX) has been among the most active crypto projects this year. It achieved a lot, from numerous exchange listings, to launch of its MainNet, and later its TRON Virtual Machine, to the purchase of BitTorrent and announcement of a new project called Project Atlas.

New partnership announcements never seem to stop for this crypto. Even so, however, its community continues to wait for one special announcement, which is TRON’s partnership with Alibaba. Still, no matter how patient the community has been so far, the announcement of this partnership simply isn’t coming. At this point, many have already given up, simply accepting that Alibaba is not partnering with TRON, period. But why?

Alibaba NOT partnering with TRON (TRX)

A few months back, when TRON’s MainNet launch was still a thing of the future, a rumor appeared that Alibaba will be the next big firm that will partner up with TRON. While Justin Sun, TRON’s creator, openly talked about his desire to partner up with Alibaba, it is not he who has started the rumor.

Still, the “news” quickly spread, and the rumor even made a lot of headlines at the time. Alibaba denied that it had such plans, but the entire crypto community believed that this is all just a way of keeping the partnership a surprise. Some believed that, even if Alibaba truly didn’t plan such partnership, it will certainly change its mind after TRON proves that it can live on its own blockchain, far from Ethereum’s support.

Soon enough, the MainNet launch came. It was successful, and it was a big deal for TRON. Token migration followed, as well as numerous other announcements, including new projects and partnerships. However, the Alibaba partnership was nowhere to be seen.

Nothing has changed

This is where many started to believe that the rumor is nothing but a false hope and that it will never come to pass. Alibaba not partnering with TRON, and that’s that. If we take a look at Alibaba’s opinion on cryptos, this is not really that surprising. The company’s own leader, Jack Ma, always viewed cryptos as a bubble. To this day, he remains convinced that this is true. Someone who has so little faith in the future of cryptocurrencies certainly wouldn’t be in a rush to partner up with one of them, right?

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While a partnership between the two would certainly benefit both entities, it would seem that Alibaba is staying true to its belief. Even so, both the company and Jack Ma have shown increasing interest in the blockchain, even if they want nothing to do with cryptos.

Recently, news of Jack Ma stepping down started appearing as well. Even though he is to be replaced by a new leader, Alibaba’s current Chief Executive, Daniel Zhang, there is still no reason to believe that the new leadership will mean opening up to cryptos, including TRON.

It would seem that the partnership will, at least for now, remain only a rumor and wishful thinking. What will happen in the future is anyone’s guess, but until Alibaba starts viewing cryptos in a more positive light, nothing big is going to happen between the company and this industry.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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.

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Ripple XRP Mega Breakout: What’s Next?

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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Where will Tron (TRX) be when we land in the same month next year?

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The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

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Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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