The situation with TRXBTC (Binance) seemed interesting. Since the end of January 2019 he is still in
fall phase, without serious correction in the opposite direction.
Although the reasons for growth in this asset is more than enough.
Fundamental factors:
1. Partnership with Tether, which will lead to the release of USDT tokens based on the Tron blockchain. The launch should take place before June 30, 2019.
2. The appearance of Tron on the 2nd place of the cryptocurrency rating of the Center for the Development of the Information Technology Industry (CCID) of the People's Republic of China. In general, in evaluating the CCID, the TRX assigned an overall index of 145.6. For comparison: in Ethereum it is now equal to 139.2, and in Bitcoin - 104.5.
3. A rather large share of influence in the cryptocurrency media space with constant releases of news about major cooperation with Tether, Ethereum, BitTorrent, and so on.
Technical factors:
1. Bullish class A divergence on the D1 timeframe indicates a high probability of growth.
2. Inevitable rebound from MA (200) on the same D1 in the very near future.
3. TRX is one of the few coins of the first 20 with coinmarketcap.com, which did not give any significant growth in 2019. This allows us to hope for growth, especially in conjunction with the above factors.
A fairly unambiguous picture emerges, but one should not forget that there is almost no uniqueness on the market. Much depends on the decisions and statements of developers, as well as on the general situation in the cryptocurrency market. Definitely worth allocating under TRX a certain share of your cryptocurrency portfolio.
fall phase, without serious correction in the opposite direction.
Although the reasons for growth in this asset is more than enough.
Fundamental factors:
1. Partnership with Tether, which will lead to the release of USDT tokens based on the Tron blockchain. The launch should take place before June 30, 2019.
2. The appearance of Tron on the 2nd place of the cryptocurrency rating of the Center for the Development of the Information Technology Industry (CCID) of the People's Republic of China. In general, in evaluating the CCID, the TRX assigned an overall index of 145.6. For comparison: in Ethereum it is now equal to 139.2, and in Bitcoin - 104.5.
3. A rather large share of influence in the cryptocurrency media space with constant releases of news about major cooperation with Tether, Ethereum, BitTorrent, and so on.
Technical factors:
1. Bullish class A divergence on the D1 timeframe indicates a high probability of growth.
2. Inevitable rebound from MA (200) on the same D1 in the very near future.
3. TRX is one of the few coins of the first 20 with coinmarketcap.com, which did not give any significant growth in 2019. This allows us to hope for growth, especially in conjunction with the above factors.
A fairly unambiguous picture emerges, but one should not forget that there is almost no uniqueness on the market. Much depends on the decisions and statements of developers, as well as on the general situation in the cryptocurrency market. Definitely worth allocating under TRX a certain share of your cryptocurrency portfolio.