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#Tron Price Analysis

TRON: The truth, should you invest? Complete Analysis

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There is lots of potential and money making opportunity as well. With a long time and future vision for TRX & TRON platform. Should you invest in TRON?

What is TRON?

TRON (TRX official currency) is a decentralized platform based on Blockchain and aim to build a digital content sharing platform eventually leveraging peer to peer (p2p) blockchain system. TRON first founded by a non-profit Singapore based foundation, and this TRON foundation is specifically seeking to distribute the global entertainment industry.

Presently, lots of user data and traffic managed by a few corporations like Google, Amazon, and Facebook & Snapchat. TRON makes some serious steps to control by placing ownership of the data back into the creator’s hands.

 

Features of TRON

There are some key features of TRON, given below

  • TRON wants to heal the Internet with its entertainment features.
  • Data liberation; free and uncontrolled data.
  • Content-enabled ecosystem, where users can obtain digital assets from content spreading.
  • Personal ICO with the ability to distribute digital assets.
  • Different infrastructure which allows distributing digital assets exchange (such as games) and marketing forecasting.

 

Advantages of TRON

TRON’S advantage is its good team of developers, advisers, and investors. Tron’s CEO is Justin Sun, who is the protégé of Jack Ma, the founder of the Alibaba group and other advantages the fact about data creators, which are the users, central ownership of the data and also the users on the Tron network are entitled to proportional profits granted by rules. Tron’s idea is to administer free service platforms for the public. This is why it is operated and designed to serve the masses that enjoy entertainment content around the world.

 

Investing in TRON

  • Cheap transactions

According to the main network system, Tron transactions should be free but as just it’s started the network support becomes slower. So, at present there is a price of about 5cents per TRX, which is 0.000005cents per transaction- you can make 200,000 transactions per TRX.

  • High Transaction volume

TRON network allows you to do a huge transaction with no limit. The Tron blockchain handles more than 1000 transactions per second (TPS), compared to Ethereum and Bitcoin who were respectively 15 and 7 TPS currently.

  • Traditional smart contract support

The new customized Tron’s main set is to support smart contracts which are written in languages like JAVA. These customized smart contracts would, therefore, allow for programs to be hosted on the Tron network which will benefit from being decentralized, fast, lightweight and highly scalable.

As Tron is the decentralized application, so there is the number of decentralized applications lined up.

  • Consolidate of current partners into the Tron Network

Once Tron Blockchain is launched, Tron will be able to start building applications and tokens for their current partners.

Now, If you are planning to invest in TRX, this is the right time to do it. According to recent Bitcoin dip has caused many altcoins, Tron included, to drop in price. Bought TRX now, when its cheap, could lead to serious return after the Tron Main launches and investors rush to fill their bags.

 

Future of TRON        

Now, it will be interesting if you are planning to invest in this project. There is lots of potential and money making opportunity as well. With a long time and future vision for TRX & TRON platform, and it seems like ultimate funding from investors, it’s not unreasonable for one who is optimistic enough.

 

Note: Cryptocurrency investments are very risky, and you are required to do your own research and analysis before making any investment decisions. The above article states only the views of the author, and is not, in any way, an investment advise.

#TRON

TRX Daily Trading Signals: 19 October

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TRX is in consolidation. The bullish pressure from the support area at $0.02470 of 17th October was sustained by the 4-hour opening candle of 18th October

Dominant bias for Tron (TRX): Ranging
Resistance Levels: $0.02800, $0.02900, $0.03000
Support Levels: $0.01700, $0.01600, $0.01500

 

TRX is in consolidation. The bullish pressure from the support area at $0.02470 of 17th October was sustained by the 4-hour opening candle of 18th October at $0.02495. The bullish pressure pushed the cryptocurrency up to $0.02573 in the resistance area and lost further momentum to continue the upward movement as the bears gradually return. The bears did state a come with an engulfing candle at $0.02560 as TRXUSD made a low of $0.02467 in the supply area below the 34-EMA.

 

The relative strength index is at 46% and it points down which implies a downward movement in price of the cryptocurrency. Price sill lies below the 34 EMA an indication of bear pressure.

TRX is in consolidation and trading between $0.02600 in the upper resistance area and at $0.02350 in the lower support area of the range. Traders should expect a breakout at the upper resistance area or breakdown at the lower support area as a winner must emerge between the bulls and the bear.

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#Tron Price Analysis

TRON in high demand. TRX Rises more than 11%, other altcoins show improvements

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The top 20 cryptocurrencies by market capitalization are seeing greater movements with Tron exchanging twofold digits higher today.

The top 20 cryptocurrencies by market capitalization are seeing greater movements with Tron exchanging twofold digits higher today adding 12% to bring TRX prices up to $0.02359. Tron has recovered all misfortunes in the ongoing dump and has returned to its last end of the week level. Justin Sun’s promotion continues directing out those FOMO tweets which are right now driving energy into Tron’s price;

 

 

TRXUSD Price Chart 13 October

TRXUSD Price Chart 13 October

 

The Reddit feed has run wild with speculations regarding who this new ‘industry giant’ accomplice could be that as it may, as has been the situation previously, it could be another eruption. As in the top ten, most different altcoins in this segment are exchanging somewhere in the range of 2 and 4 percent higher on the day, making a little recovery from their enormous drops.

There are a couple of pumps as regular toward the beginning of today in the top hundred cryptocurrencies with Digitex futures entering with a 27% pump. Augur is additionally making 15% on the day to move over $13 indeed. For the losses, Dropil dropping a little more than 7% in the course of recent hours.

cryptocurrency market cap has pawed back 1.5% since a similar time yesterday. This has expanded market top to $202 billion which is still more than 8% lower than this time a weekend ago. Bitcoin predominance remains somewhat higher at very nearly 54%.

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Expert Take: Cryptocurrency Markets followed Stock Market Crash

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Almost all stocks are in RED as the stock market crashes as DOW Jones also drops 800 points, which is the lowest in the last 8 months. Crypto price analysis

A Black Wednesday for the Stock Market

Almost all stocks are in RED as the stock market crashes as DOW Jones also drops 800 points, which is the lowest in the last 8 months. The sharp sell-off was even greater at the Nasdaq exchange, home to Apple, Amazon, and others. The Nasdaq fell over 4%. Wednesday marked the fifth consecutive daily decline for the S&P 500, the longest losing streak since November 2016.

 

Japan, South Korea & Asia Panic

According to the speculations, the stock markets have crashed decently due to panic in South Korea, Japan & Asia. This panic can also be seen shifting to Cryptocurrency markets as major investors in South Korea and Japan have panicked, and clearly brought in the same sentiment to Bitcoin & other cryptocurrencies.

 

Cryptocurrency Crash – the right time to buy in?

Coinmarketcap charts demonstrate a sharp and sudden sell-off in crypto markets happening at around 18:00 UTC on October 10. At 18:09, the price of bitcoin was sitting at $6,562.28, or, in other words, it had spent the majority of the day. Not as much as after an hour, at 18:54, bitcoin had dove roughly 5% to $6,314.62.

Different cryptocurrencies were hit with price drops around a similar time, albeit most altcoins experienced altogether more awful drops.

ETH dropped 9%, for instance, and XRP dropped 11.25%. Bitcoin Cash dropped 10.85%, EOS lost 7.57%, and Stellar lost 8.85%.

As we go to press, just six digital currencies in the main 100 have picked up over the most recent 24 hours. Aeternity has increased 8.42% throughout the most recent 24 hours, for instance, and right now sits in the #31 position by market top by and large.

It appears to be improbable that the harm will be constrained to Wednesday – in any event in customary money related markets.

Is it right time to buy into Bitcoin and other cryptocurrencies? Give your opinion in the comments section below.

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