Tron Price Analysis: TRX Surge 58 Percent, Back to Top 10

2018-12-22 19:00

Latest Tron News

Months of bear pressure took a toll on several development arms as well as Consensys. Consensys–chaired by Joseph Lubin, plans to slash staff thanks to the deep losses in ETH. Like TRX, ETH prices tanked by as much as 90 percent sliding from highs of around $1,400 to sub $100. According to reports by Verge, staff from around 36 startups incubated by Consensys will face the sack, and Justin Sun is pouncing on this opportunity.

In a tweet, the maverick founder of the smart contracting platform invited affected employees to send their CVs to the Tron Foundation:

Everyone in @ConsenSys and @ethereum, please send your resume to [email protected] and embrace your new opportunity! You are most welcome to join our fast-growing and well-funded #TRON family. #TRX $TRX #ETH

Coincidentally, this comes at the time when TRX performance is solid. It is up 58 percent in the last week replacing ADA and Cardano with a market cap of $1.33 billion. This means TRX is back to 10th in the liquidity list further boosting coin holders who had to contend with double-digit losses after peaking early this year. Tron continues to make strides. Aside from launching their blockchain, the platform is attracting quality developers as well as projects willing to reap benefits like speed, zero fees, and high throughput.

Tron (TRX/USD) Price Analysis

After a 58 percent expansion in the last week, TRX is correcting and down 5.1 percent in the last day. The retracement was expected, and as long as prices are trading above 1.5 cents, bulls should be in charge.

In line with our previous TRX/USD trade plans, every dip should be a buying opportunity and traders should look to buy ideally from around the 1.5 cents–1.7 cents more so if prices drop below today’s lows of 1.9 cents. On the reverse side, gains above 2.3 cents or today’s high would propel prices above 2.5 cents towards 3 cents and 4 cents.

Here’s our TRX/USD trade plan:

Buy: 1.7 Cents, 2.3 Cents

Stop: 1.5 Cents, 2 Cents

Target: 2.5 Cents, 4 Cents

All Charts Courtesy of Trading View

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post Tron Price Analysis: TRX Surge 58 Percent, Back to Top 10 appeared first on NewsBTC.

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TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0235637 (-100%)

percent tron trx eth consensys surge price

Источник: newsbtc.com

percent tron → Результатов: 44


Фото:

ICOs Are Withdrawing Ethereum as Justin Sun Says ‘Migrate’ To TRON

Ethereum (ETH) may have lost almost 90 percent of its value in 2018, but this has not fazed projects that raised funds via ICOs, data shows. Aragon Withdraws Over 51,000 Ethereum In its latest edition focused on ICO balances, Diar reveals that ETH withdrawals by developer teams trailed off as the year has progressed (with the exception of September), with November nonetheless marking a slight U-turn in withdrawal habits.

2018-11-28 01:00


Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS

Justin Sun, CEO of eleventh-ranked cryptocurrency TRON, took to Twitter this week to lay down some big claims for his platform’s latest ‘Odyssey 3.1′ update. The new upgrade has been promised to drastically reduce transaction costs to 1 percent of EOS’ current fees, while ramping up TRON’s network speeds to 200 times faster than leading… The post Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS appeared first on UNHASHED.

2018-10-10 22:38


Фото:

Less Than 1 Percent of Subscribers Use PornHub’s Cryptocurrency Payment Option

While Pornhub may have generated a lot of excitement as one of the first adult entertainment companies to accept cryptocurrencies, their subscribers do not share the same level of enthusiasm. Hard Fork reported on September 28, 2018, that despite offering multiple cryptocurrency payment options such as Verge (XVG), Tron (TRX), and Horizen/ZenCash (ZEN), less than 1 percent of users opt.

2018-10-2 21:00


EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Shaking Off Sellers with IOTA, Tron, XLM Recording Gains

Though gains are around three percent week over week, altcoins are clearly rejecting lower lows and recovering. Thus far, there are reasonable gains in Litecoin, EOS and Stellar Lumens. If Stellar Lumens shake off sellers and bulls drive prices above 26 cents, chances are another flip may happen with EOS dropping down to position six.

2018-8-25 03:13


Bitcoin, Litecoin, EOS, Stellar, and Tron Technical Analysis: August 8th

It's A Double Digit Loss For Bitcoin and Altcoins A simple six percent drop in Bitcoin (BTC) prices and it’s a capitulation for altcoins thanks to their sometimes beneficial direct correlation. EOS, Stellar Lumens, Litecoin and Tron are not only trading below key support lines as mentioned in previous altcoins technical analysis, but have confirmed […]

2018-8-8 18:37


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


If Bitcoin isn’t a Security According to SEC, Which Coins are? : IOTA, EOS, Stellar Lumens, Litecoin and Tron Technical Analysis (June 16, 2018)

Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.

2018-6-16 03:02


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