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TRON and ABCC Exchange Take their Partnership to the Next Level

By | Edited By Ali Qamar,,

If you thought the initial partnership of Tron and ABCC exchange involving TRC10 tokens was the biggest thing, you’re in for a surprise.

Few crypto assets have had strong enough fundamentals to keep away the bears, and Tron, fortunately, make it to that list. Almost daily the Tron foundation has an announcement to make, and for them, it looks like the series of moves it has been making has helped it solidify its position among the best.

Strong Becomes Even Stronger

It’s a new partnership development. After merely two months since Tron and ABCC exchange came into partnership, the two have taken an extra mile making the connection even stronger after the Singapore-based exchange-listed TRX trading pairs.

According to ABCC exchange, 5 TRX trading pairs will be listed on their platform together with the news that TRX will then be a base trading pair on the exchange. The trading pairs to be listed include BTT/TRX, SEED/TRX, VENA/TRX, IGG/TRX, and TERC/TRX.

Currently, perhaps, the Tron community is experiencing the best time as they’re waking up to positive news almost every day. The initial listing of TRC10 token on the ABCC exchange was a big step for both parties with ABCC looking to announce itself to the crypto sphere.

Who’s the Winner in the Partnership?

Let’s not first forget that ABCC became the first platform to list TRC10 tokens. If the platform has not established itself among the giant exchanges, it will be near impossible not to think that the exchange will get positive improvements.

With a user base of more than 120 countries and communities as well as a daily trading volume of about $40 million, the exchange stands a chance of soaring upwards. For TRX, it’s living up to the expectation of making the internet decentralized. With more partnerships in the offing, the future looks bright for the Sun-led blockchain.

Both TRON and ABCC exchange look to get more partnerships, and with the pace that Tron is breaking the new grounds as well as gaining acceptance, it is worth to say that TRX is one for a watch.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

What’s up with the crypto? News from the cryptoverse

By | Edited By Ali Qamar,,

The cryptosphere is always awash in news. From strategic announcements to the daily prices of hundreds of cryptocurrencies, there’s always something interesting to notice or talk about with fellow cryptonauts. Some of that news is relevant because of the way they affect the markets, and some are relevant because they bring perspective into a project or the overall crypto-situation.

In this article, we’ll inform you about the recent declarations given by a few of the most important personalities in crypto. As stated before, these statements won’t change the market anytime soon, but it’s still good to know what’s in the mind of the people who are behind the scenes in the cryptoverse.

Rippe’s CEO Brad Garlinghouse

Mr. Garlinghouse gave an interview recently in which he explained how Ripple is working with regulators in the US and elsewhere to advance Ripple’s cause, and to ensure a smooth market experience.

Additionally, he talked a little about the Ripple’s XRP price, which is currently of USD 0.318886 (0.81%) (and trading in green numbers).

He described how Ripple’s technologies and digital asset are solving real problems in real life, especially when it comes to settling international payments quickly, safely, and cheaply. If Ripple indeed solves those problems for their clients and strategic partners, the XRP price will reflect it, sooner or later, according to Ripple’s CEO.

EOS’ co-founder and CEO Brendan Blumer

Mr. Blumer made a very bold prediction recently. He said that over the next twenty years BitCoin will become the world’s preferred option for wealth storage, instead of gold. That would break millennia of tradition.

Is that just unbridled optimism? It could be, but EOS’ founder is not alone in this conviction. Other leaders in the technology and the cryptocurrency world have expressed similar views over the last months, even as the market remains receding and under the control of the bears. Time will tell if Mr. Blumer is right.

Barry Silbert, CEO for the Digital Currency Group

The Digital Currency Group is involved as an investor with almost every digital asset there is.

Mr. Silbert explained that institutional investors are still trying their best to stay away from digital money, so their money has yet not arrived in the cryptocurrency market. That is a shame because many observers believe that the next bull run (whenever that happens) will be driven by a big shower of money coming from institutional investors precisely.

But the executive remains optimistic in that regard as he’s sure that the money will roll in for sure at some point during the next 2-3 years.

David Schwartz, Ripple’s CTO

Mr. Schwartz attended the SXSW 2019, in which he gave an interview with an audience.

He detailed his love affair with Bitcoin, which started in 2011 and how he became involved with Ripple.

He explained how he came to realize what made Bitcoin such a great project and his opinion is not exactly the usual one. Mr. Schwartz believes that Bitcoin’s power derives from the sheer transparency in its blockchain, and not from the Proof of Work protocol which is the “secret ingredient” that most observers consider Bitcoin’s hallmark and main advantage (and challenge since it takes such vast amounts of energy to calculate it).

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron SRs voting on proposal 17, the multi-signature feature on the ranks

By | Edited By Ali Qamar,,

For many, Tron Super Representatives is that group doing helicopter TRX drops. That whenever you feel like increasing the TRX holdings, you vote for the best SR, seat, and watch your numbers take a hike. But what other things do Tron super representatives do?

Basically, they run the whole Tron protocol. And now, in that line of doing everything possible to make the platform the best, proposal 17 is live and being voted.

The Significance of the Proposal

It seems like Tron is playing its cards in the right direction every single day and having SRs in the first place is proving to be significant all the way. As it’s the case of carrying the platform forward, proposal 17 got initiated.

The direction of Tron protocol has to be decided, and how it evolves, it shouldn’t be an individual’s decision to make. Therefore, voting on the proposals has been the right way, at least up to now.

What the proposal entails

Early during the month, Tron CEO and founder Justin Sun pointed out that the platform was due for an upgrade. With the current ongoings within the platform, we’re already on the upgrade. Reason being, proposal 17 is about allowing the initiation of multi-signature.

The multi-signature feature will be highly essential to the high net worth investors simply because they actually use large institutions to manage their funds as well as the fact that they have a plethora of employees.

Therefore, with the multi-signature feature, it could be even easier to compartmentalize the management of the assets. The general outcome will be more institutional investors flooding the table. The fact that they have a large amount of money makes it significant for Tron as they will bring value to the network.

For now, voting is on and the proposal validity period is (as it has always been) 3 days, and it’s only wise to support the proposal by voting in favor of it. After the three days, then we’ll learn the outcome whether it received sufficient votes (18) in its favor or it will lapse.

Perhaps, some hedge funds might have asked for the feature to be introduced for them to invest in Tron, but whether that was the case or not, the answer could jump in within less than two days.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

First ever US-based regulated crypto exchange is on the horizon

By | Edited By Ali Qamar,,

If you are not an American resident, establishing a digital assets exchange in the country is much of an ordeal than anyone could imagine. The reason is there are many states which probably have not yet realize the blockchain technology’s potential. On the contrary, there also exists some states which are positively inclined towards cryptocurrency perspectives.

As the popularity of the cryptocurrency space grows with its continuously magnifying community, many blockchain initiatives are these days vigilantly looking to break their shoe into the industry. Among them is the United States-based Riot Blockchain.

Last week on Mark 14, Riot Blockchain filed the required paperwork to the country’s regulatory organization, US Securities and Exchange Commission (SEC), in order to be eligible for launching a full-fledged systematic cryptocurrency exchange in the United States.

According to the filing, the new cryptocurrency exchange will be managed by RiotX Holding Inc., a subsidiary of the company that intends to prioritize the development of at least three major services for the client base, trading, digital wallet, and banking.

The company is expected to develop each of these services by partnering with third-party vendors. The trading engine is going to be provided by the Shift Markets, the banking services will be designed by a California-based software company, SynapseFI, and the provider of the digital wallet for the upcoming exchange is yet to be announced by the firm.

Having these services at their disposal, users will be eligible to open new accounts which will be directly affiliated with the United States’ authorized banking institutions. Therefore, they will be qualified for holding or transferring them either in cryptocurrency or fiat.

The filing further sheds the light on the exchange’s primary focus, which is to mine the bitcoin, the mother of all the cryptocurrencies.

The company also revealed that at the time of launch they intend to initiate the trading with Bitcoin (BTC), Litecoin(LTC), Ethereum(Eth), and Bitcoin Cash(BCH) on the exchange. The mentioned cryptocurrencies will be paired with each other as well as against the US dollars.

The company also told that they will only list cryptocurrencies for which they get extensive regulatory and legal permission by the commission.

The Colorado-based company is determined to launch the exchange by the end of 2nd quarter of 2019 with an ambitious aim to bring the newly launched exchange online in all 50 states of the country except Wyoming and Hawaii. At the time of writing this piece, the company declares to have the approval for five different states in the country.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

VibraVid adopts BitTorrent in a revolutionary way

By | Edited By Ali Qamar,,

VibraVid is a project running on Tron’s blockchain. It’s powered by the BeatzCoin cryptocurrency (soon to be listed at Binance), and it’s adopting BitTorrent’s technology in amazing ways to achieve true decentralization. In this article, we tell you the full story, including context. We start at the beginning.

Tron

Tron is a third generation blockchain project. The “third generation” thing means that this blockchain should be regarded more like a programmable platform capable of running decentralized applications and smart contracts, more than being centered around a cryptocurrency, which is the case with Bitcoin and many other blockchains.

There is a currency at Tron, for sure. It’s called Tronix or TRX. But in this kind of project, the token is there to support the network and not the other way around.

Also, it’s a project with a vision: using blockchain technology to decentralize the world wide web in full. This means that, if Tron had its way, the web wouldn’t run on servers and services ruled by central authorities (Google, Facebook, YouTube, Microsoft, you know the names) but on Tron’s network and blockchain in a fully decentralized way. Does this sound overly ambitious? That’s because it is, but read on, it just could happen.

The BitTorrent affair

You probably know about BitTorrent already. It’s a P2P filesharing service that has been around for a long time already, and it’s the world’s largest decentralized network. Because BitTorrent provides the world with the content of all kinds using full decentralization, its history and values are perfectly lined up with Tron’s.

That is why the Tron Foundation bought BitTorrent a few months ago, and it’s working towards integration between Tron and BitTorrent. So, soon, BitTorrent won’t only be a vast network, but a colossal blockchain network. Tron, in turn, will become the largest blockchain or decentralized system of any kind in the world.

There’s been a lot of rumors and expectations about the precise way in which Tron and BitTorrent will come together. A cryptocurrency (BitTorrent Token, BTT) based on Tron’s token technology has already been issued, and it’s tradeable in several cryptocurrency exchanges. The exact merging mechanism is still unknown in full detail, but a Tron project VibraVid is getting proactive about it.

VibraVid

VibraVid is a digital platform that runs on Tron’s network, and it’s being developed by beatzcoin. It aims to reinvent the global marketing platform for digital content producers and consumers. It wants to transform how advertising interacts with content providers and to create new marketing strategies that will engage users thus enhancing the revenue potential for creators.

In short, VibraVid wants to combine the power of Tron, BeatzCoin, and BitTorrent to empower the artists on the internet.

BitTorrent and VibraVid

VibraVid one of the few Tron projects that are taking steps to take advantage of BitTorrent’s integration with Tron by being very creative and bold. It’s a huge technical challenge, but the project is taking it seriously and facing it head-on.

Here’s how it will work: There will be no servers at all in VibraVid. Each piece of content will become a file in BitTorrent (a torrent, in the community’s lingo). Users who want to see this piece of material will download it and become seeders. That, in turn, will provide the user with passive income as users will be rewarded with BTT tokens for seeding any kind of content (VibraVid’s contents included). But such file will be encrypted so that only members in the VibraVid community can view the content. And it’s expected that the network will be so fast that all this will work in real-time.

So no central computers, no servers, no central authorities of any kind. The BitTorrent network will be VibraVid’s server, computer, equipment, and file managing system. All within the Tron network, all decentralized, and providing means of distribution for creators as well as content for users.

We salute VibraVid’s courage to take on such a huge challenge. This is how the web will be decentralized.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Price predictions for BTC, ETH, and XRP for the week. Are the bulls still around?

By | Edited By Ali Qamar,,

The weekend met with expectations. Namely that it would see and support a bullish run on the cryptocurrency market led by Bitcoin (as it always happens in crypto). The overall market capitalization remains steady at around $140 Million.

It’s not just a number; it’s the current resistance level the market will need to overcome to start a new bullish run. If this shouldn’t happen, we’ll see things going back to the way they were during the last few weeks. That means the bears will continue to rule.

For now, Bitcoin remains the world’s largest and most traded digital asset with a 50.7% share of the general market.

But is Bitcoin’s dominance a fact of nature? Of course not. Will it ever be challenged by some other project? It could be. The other two coins in the world’s top three (Ethereum and Ripple) are pushing the envelope in a way that suggests that one of them could reach Bitcoin at some point in the future (but not the immediate future, for sure).

In this article, we’ll try to elucidate what the next week will hold for the world’s top three cryptocurrencies by market capitalization, and we hope you’ll find it useful.

The week for Bitcoin

The price has been moving sideways ever since it hit the $4000 barrier. The oscillation has occurred between the $3,800 and $4,000 levels. This fluctuation shows how the bears and the bulls are fighting it out without any party achieving any significant breakthrough.

As we write this, Bitcoin is trading at $4,026.39 in slightly red numbers (0.04%) over the last day. The market capitalization remains strong, and it’s nearing $71 billion.

In the short term, the mother and father of all digital assets finds itself amid a price correction process so the current price could fall to $3,990.83 by week’s end. This is consistent with Elliott wave theory (if you don’t know what this is don’t worry it’s just a technical analysis technique favored especially by forex traders). The price walk could go as high as $4011.3 with an immediate support level at $3927.89.

The Stochastic Indicator keeps moving decisively towards the overbought zone, which is usually interpreted as a good indicator that the bullish level will be maintained for the time being. But the same projection points to the indicator leaving that zone by midweek.

The current scenario is reminiscent of Bitcoin’s behavior in 2015. So this could very well be the last low floor for Bitcoin before the bulls come back to visit (and probably take over) the market seriously.

Finding out if the level of support is not surpassed will take a few hours of careful observation or if it, in the end, the market’s behavior changes to go against the current and shatters all the week’s expectations. As things stand, the dominant trend for BTC is downwards, and it could go back to $3,800 rather soon (even today).

The Aaron UpTrend indicator is moving in such a way that it seems it confirms this idea. But let’s keep in mind that one shouldn’t act on any indicator in technical analysis by anticipating what it will do, which is a common rookie mistake. You must always move on things that are actually happening, and not on things that could happen.

The EMA25 line also indicates that we are crossing over into the sales area so the bears will hug us hard again.

The week for Ethereum

Ethereum is the world’s second digital asset by market capitalization, and it’s shrunk in price by 1.21%. As we write this, the token’s price is at 139.44 USD, it trades in red numbers for 24 hours (0.8%), but it maintains its market capitalization at almost $14.7 billion. Which means it lost approximately USD 300.00 over the weekend.

Ethereum has been a very discouraging alternative coin for months now (it even lost its second spot by market cap to XRP for a few weeks) and the next week doesn’t look any better. It started strongly and then… well, the technical term would be that it’s been “moving sideways,” but it’s been so violent that “ping bar” describes it better. It reached, but then it started to bounce back and forth until it reached the current price, which presents a reduction of support levels.

According to Elliott Waves, the support level of $142.25 is broken already, and the price is going to fluctuate its way down to $138.00. And then, we can expect to go even lower to the support level of 135.9 as it keeps moving sideways between $135 and $140 for the rest of the week.

EMA 25 predicts that the bears will come into the market in a big way, starting on Monday. Unless something dramatic happens in Vitalik Buterin’s project’s environment, the coin will go down.

The Klinger Oscillator (another technical indicator) also corroborates the bearish perspective because it’s crossed below the signal line and it’s moved into the limit of the buying and selling zone. The next few hours will be decisive in understanding the asset’s behavior for the rest of the week.

But it could also happen that Ethereum finds a way to uphold the $140 billion market capitalization level; that would mean that the current price correction is transitory and that would give us a rebound some time in the middle of the week.

While not the most likely outcome, it’s still possible and even reasonable as the projection of the ABCDE pattern could hit the ascending channel that is still noticeable in the Ethereum chart. Furthermore, the Chaikin Money Flow indicator confirms that, if the money flowing into Ethereum remains ascending nicely and steadily.

The week for Ripple

Ripple’s XRP stands firm in third place by market capitalization. It’s been basically immune (very few coins are behaving like that) from what’s going on with Bitcoin and the rest of the market.

As we write this, XRP’s price is at $0.316991, and trading in slight red numbers. It’s been losing value over the last day.

XRP spent the week moving sideways in a very narrow gap between $0.322 and $0.316. No significant variations happened. This is because XRP has a certain degree of autonomy when it comes to its price. It’s not as dependent as most other assets on Bitcoin’s behavior.

It’s one of the very few projects that’s moving from domination by sheer speculative forces towards price autonomy based on strong fundamentals, real demand, and real-life use cases. So XRP suffers less than the rest of the market when the bear hugs.

But that doesn’t mean XRP is isolated. Sudden changes in the market (which are not particularly rare in crypto) will hit it solidly. But for now, it remains trapped in the aforementioned band, and it seems this week will be the same. The trend will be slightly bearish without really affecting any crucial changes in price.

That conclusion is supported by the EMA 25 for March 19, and the RSI, which is bearish in the middle of the chart, as if balancing the pressures exerted by both buyers and sellers.

XRP will go bullish as soon as any factor (internal or external) boosts its price a little. This will be likely to happen when the RSO hits 80.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX) Dapps Show No Signs of Slowing Down

By | Edited By Ali Qamar,,

Tron (TRX) is on fire!

The highly anticipated crypto project, Tron (TRX) which aims at building a decentralized internet as well as content entertainment system via the issuance of the smart contracts as well as the development of decentralized applications (dApps), is winning the Dapp ecosystem clearly.

Tron Dapps Ruling the Dapps Industry

Amid the bearish crypto market, it seems TRON users are optimistic. It’s now becoming more evident that Tron blockchain is getting popular among the dApp users as well as developers.

On last Friday, it was just the other day that the users spent $91 million on dApps. Overall, Tron’s Dapp ecosystem is on substantial growth in terms of both users as well as transactions volume. The rapid growth now means that Tron has taken the bragging rights from its close rivals Ethereum and EOS.

Beating Own Records

Before hitting 91 million USD, Tron Dapps hit 31 million USD mark. The 10th largest cryptocurrency by the market cap then recorded a new world record in dollars spent on dApps on a blockchain in 24 hours.

According to a prominent Tron supporter, Misha Lederman, TRX users spent $91 million on Dapps on March 15. The milestone achieved by Tron exceeded double the amount of user funds spent on rivals EOS and Ethereum dApps combined.

The news has come in the wake of Tron exceeding 2 million user accounts. The growth is indeed exponential given the newness of the Tron MainNet as well as the fact that Tron network took about 181 days to get to its 1 million users and only 68 days getting to the next 1 million users.

Tron (TRX) is continuously breaking records and making new targets. With the state at which the Tron Dapp ecosystem is growing, it’s hard to deny that instead of intensifying competition with ETH and EOS, it’s competing with itself and working to beat its records. With 2,000 dApps reportedly to be added by the end of the year 2019, the growth of Tron (TRX) dApps is not slowing down any time soon.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin suddenly hustles over $4,000 – A bull trap or genuine rally?

By | Edited By Ali Qamar,,

Are we about to experience another crypto bull run? Maybe, maybe not.

Everybody will be excited to see a new bull rally in the crypto market, and bitcoin has to be at the center of it. However, the giant crypto for the past few months has struggled on its attempts to gain some footing above $4,000.

Finally the crypto giant rallies above $4,000

Today bitcoin has rallied to a little above the psychological barrier whereby it has gained almost 4% in the past 24 trading period. The rise in price had come when its daily trading volume tops $10 billion which is the most that have been seen in a period of 24 hours since April last year when the price was at over $8,000.

Previously, BTC had managed to reach $4,100 (Feb. 23 to be precise) but then rolled back again to below $4,000 resistance level. Currently, bitcoin has moved to $4,060 from $4,051, and as things stand, all seem to get going.

Similarly, the crypto assets in the top ten as well recorded some gains. For instance, some like Ethereum, Litecoin, and Bitcoin Cash had an increase in the range of 5%-12%.

Are the bulls back?

Apparently, the past 30 hours has brought back some optimism into the cryptocurrency market. The cryptocurrency has overall added $6 billion with several top coins also gaining. The fact that bitcoin finally has not only reached but sustained a position over the $4,000 mark spells some optimism that the bulls are back.

The masterminds behind Bitcoin rally

Yes, bitcoin is on the rise by a bit, but what might have prompted its recent surge?

According to analysts, the rise must have been as a result of some positive news on the background. For instance, there have been a plethora of positive forecasts about bitcoin, and interestingly coming from prominent investors. The positive vibes seem to have started reaping the benefits.

First, it was the famous broadcaster as well as crypto investor Max Keiser who gave support to bitcoin. He stated that in 2019, alternative cryptocurrency trading platforms would be popular similar to regular centralized ones. As a result, bitcoin will become popular among the investors eventually replacing USD as the global reserve currency.

Furthermore, another giant-name investor Marc Faber (Dr. Doom) crossed the road to Bitcoin this week. What makes it exciting is the fact that previously he has been a skeptic and that now buying his first bitcoin must have raised positive questions among many.

Moreover, Tether Ltd announcing that their assets have back the USDT stable coin too and that’s not fully backed by USD must have led to frustrations as well as angered investors to make a grand shift to Bitcoin instead.

There’s every reason to be optimistic about another bull run being on the cards, but then we should also not forget that the last time out bitcoin had a feeling of $4,000 even spiking to about $4,500, it fell again severely. Therefore, what remains to see is whether bitcoin will continue climbing higher in the coming weeks or the optimism will be short lived.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron enthusiasts should not worry; good time might be imminent, here’s why

By | Edited By admin,,

Tron, founded and lead by one of the most recognizable faces in recent times in the crypto sphere, Justin Sun, has been in the mainstream news ever since its inception.

There could be many reasons supporting this fact, its vision to forge the entire internet network decentralized, the uniqueness in its procedural architecture, ever readiness trait of the foundation and its leader’s energy to look out for the opportunities that could provide TRX community means to excel in their routine business are few which surely stands out.

Launched in September 2017, Tron was introduced in the crypto verse with its token hosted on the Ethereum blockchain with an idea to become the content distribution platform for the digital industry. Sun-led cryptocurrency has now evolved into an utterly different entity and currently stands as one of the most popular cryptocurrencies in the market.

Last year in June, Tron launched its own mainnet (simply put its very own blockchain) with a purpose of migrating its previously circulating tokens in the market to its proprietary Blockchain.

Ever since then, Tron has turned to one of the major players in the crypto mania. Tron’s acquired BitTorrent facilitates its rapidly growing community to share and use content available on the peer-to-peer decentralized platform without a middleman famously dubbed as the Project Atlas.

Although the journey has not always been smooth, Tron has achieved many landmarks up to this point of time. The project quickly changed the opinions of its naysayers who weren’t really impressed with the foundation’s future by considering it a scam when it initially kicked off.

Tron has seen a significant rise in TRX’s price in the past one year which is around 26%. The blockchain has also reached 2 million mainnet accounts mark just at the beginning of this month. The achievement is also worth noting because the time it took is no way near to its close rivals such as Ethereum or EOS.

Another exciting news circulating in the community nowadays is the promising partnership of the two major players Tron and the stable coin Tether (USDT).

Earlier this month, the announcement of the strategic partnership between Tron and Tether brought excitement among the both coins’ communities as the decision is considered to be a game-changing one for both companies and their respective communities. As per experts, the migration of Tether’s token onto the Tron’s Blockchain (TRC-20) will strengthen both coin and the companies significantly.

Tron token’s price is struggling at the moment (alongside the rest of the crypto market), as it was as high as $0.026 during the second half of January this year, and now (at pressing time) is available for trade at $0.023 in the market.

Still, many observers believe in the crypto space that once the implementation plan for migrating Tether (USDT) on to the Tron blockchain gets launched during the early Q2 of 2019, Tron’s price would rapidly flourish to the $0.05 mark and even higher according to some analysts.

So, if you are a Tron enthusiast, as things look, you do not need to worry much and remember one thing; patience is the key.

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Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin could see its old good by early 2021 if history repeats itself

By | Edited By Ali Qamar,,

Since reaching its historical $20,000 mark, the biggest crypto, Bitcoin has undoubtedly had it rough. When the 2017 December to January 2018 frenzy came to an end, everyone expected bitcoin to recover. Unfortunately, the coin didn’t recover, but instead, things kept going even worse.

At the moment, Bitcoin hovers at $3,900 without a say whether we’ll see a further deepening. Now, as expected, traders and experts have stepped up to give their opinion both about the bear market as well as what to expect.

Interestingly, this time around they are basing the predictions over historical trends rather than the usual dreams we’ve got used to in the past.

Bitcoin Trading in Multi-Year Cycles

Since the crypto hit public markets, it has traded in multi-year cycles. What it implies is that in every few years it runs parabolically before a dramatic filthy 80% drawdown. By this point, going by history, bitcoin has done it at least twice or thrice.

80% down from a recent historical high means that sell-offs are only in a rearview mirror. According to some analysts, if BTC bottomed in late-December, then that was perfectly on point timing when compared to the historical pullbacks.

So, are we there yet?

Indeed, whether BTC has already bottomed out or not is a question with intense debate. For most traders and analysts, it already has. However, let’s not hide the fact that many times the coin has surprised us managing a break of one support level after another.

According to an explanation from Roger Quantrillo (a top crypto expert), the price action from late-December 2017 to early 2019 is a copy to the rally as well as the subsequent collapse of the coin in the past market cycles. Moreover, he states that after it surpassed a long-term upward trend line, it took it 434 days to hit bottom back in 2015.

History Often Rhymes and Doesn’t Repeat Itself

The price may not necessarily be the same to that of 2014/15, but regarding the time, it’s perfectly on point! Therefore, if indeed BTC bottomed late last year, then it implies that the current bear market as well took 434 days to bottom.

What does that mean going as per the history?

Quantrillo notes that in case it’s a matter of history rhyming, then BTC will ensure the current bear market is taking its last breaths by breaking by late-2019. What it means now is that hoping that history rhymes, Bitcoin could slowly but steadily start to move higher and eventually establishing in its old good or even going beyond by early-2021.

What if it’s all wrong?

Perhaps, all may seem to the point that bitcoin may start to grind higher, however, lower lows may not be yet out of sight. Trader Jonny Moe decided to look at the coin from the other side stating that despite the positive expectations, we may still have a likelihood for bitcoin going below $3,220 moving forward.

At the moment, nothing is certain as to where bitcoin will be headed, up or down, but one thing is for sure, it will take a direction. Whether it will produce its surprise antics as we’ve come to understand it or match with the theory, only the future has the answers. Roll your dice and take the risk; after all, something will happen.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.