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XRP and TRON are Once Again Bearish

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XRP and Tron
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The crypto market has been taking a turn lately, with a lot of coins seeing more gains than ever in the last three months. Some of them even managed to repair the damage done by the mid-November market crash, which followed after the BCH hard fork. However, not all coins are faring equally, and XRP and TRON (TRX) are clear examples of this.

XRP price continues to decline

XRP spent the last three months performing rather well when compared to the rest of the market. It even managed to overtake the second spot on the list of largest coins by market cap, pushing Ethereum (ETH) to third place. The rivalry between the two only ever included the fight for the second spot, with Ethereum typically being the winner.

While XRP did overtake the position for months, Ethereum has finally managed to grow enough to return to the second place. In fact, ETH has been performing particularly well during the new bullish period, while XRP is experiencing losses. This has been going on for a while now, with XRP price either being dormant or dropping, without any significant increases.

As a result, the downward trend is expected to continue even while the rest of the market experiences gains. At the time of writing, the XRP price is at $0.316, right beneath the resistance level which sits at $0.34.

TRON (TRX) experiences drop as well

While the situation regarding XRP does not indicate that a change is in sight, a similar thing can be said for TRX. The coin’s price has been gradually dropping ever since January 27th, when it surged to reach the price of  $0.030. Since then, TRX was experiencing drops, followed by slight recoveries, only to drop again.

At the time of writing, its price is at $0.0254, and while the coin is currently seeing 1.43% growth, it is likely that this is just another short attempt at recovery before the next drop. Its most notable resistance currently lies at $0.028, which TRX attempted to reach several times, albeit unsuccessfully.

Meanwhile, the most notable support lies at $0.023, putting the coin’s current price halfway between the major support and resistance.

While the coin can go either way from here, the decline in its price has been just as constant as the one in XRP’s case, which makes it likely that the price will continue to go down, if the support doesn’t hold. Due to the dropping price, TRON’s market cap dropped as well, with the TRX currently holding the 9th spot on the list of largest coins by market cap. However, if the drop continues, it is possible that TRON will continue to sink rank-wise, and that it will be replaced by Binance Coin, which currently occupies the 10th position.

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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.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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