Tron (TRX) Rallies by 6% in 30-days Run

  • Tron price exhibits improvement signs on a monthly chart
  • The coin still holds the hope of bringing heavy upsurge in the future

Tron was once dealing among the top cryptocurrencies in the market. The currency dropped to $0.0139 during the last month. The price of TRX coin has improved lately. In the previous month, the coin was seen escalating amid the heavy fluctuation in the market. The same improved the reputation of the coin in the market.

Tron Price Analysis

A month ago, Tron price was dealing at $0.015529. The price slipped to $0.014308 by October 23. The price escalated to $0.022386 by 56.31% on October 30. The month closed at $0.019944 with a 10.91% loss. In November, the price remained at same level but later fell. The coin was seen recovering around November 8, from $0.018418 to $0.020168 by 9.50%. The TRX price fell in the later days to $0.016587 by 17.92%. The month-long movement in Tron price is reflecting 6.81% progression.

Tron-Price-Chart

Tron is considered to give flourishing results in the future. The improvement in the momentum in the coin has given hope to the traders. For intraday trading, the coin is likely to be improved in the price chart. TRX coin would be breaching the immediate resistance level at $0.0175.

Resistance Level Price
R1 $0.017545
R2 $0.018023
R3 $0.018479
Support Level Price
S1 $0.016611
S2 $0.016155
S3 $0.015677

Tron (TRX) Hikes by 20% in the Last 30 Days

Tron has recently improved its momentum and came out of the market pressure. The drop started in the third quarter and continued till last month. However, in the period of 30-days, the TRX price escalated from $0.015 and is currently dealing at $0.018. During the same period, the currency touched a high of $0.022818 and a low at $0.013914. The said improvement in the price could lead Tron to future upsurge.

Tron Price Analysis

Tron Price Chart

The coin started dealing at $0.015163 on October 17, 2019. The price kept hovering around the same level for some days. Later, the Tron price started escalating. The price jumped from $0.014349 to $0.018215 by 26.94%. Later, the coin price dropped to $0.016180 by 11.17%. Further, the TRX price escalated to $0.02228 by 39.30%. The last few days of the month brought the coin to $0.020. The ongoing month started around $0.020 and kept is tight for some days. The coin progressed and touched $0.02012 from $0.01894 by 6.01%. The price dropped to $0.01856 by 7.78%.

As per the current trend, the intraday traders of TRX coin are likely to close with disappointment. The price is seen moving towards the next support level from the immediate support level. Tron price is speculated to improve in the future. The interested traders are suggested to pick short-term investments.

Resistance Level Price
R1 $0.019237
R2 $0.01958
R3 $0.019965
Support Level Price
S1 $0.018509
S2 $0.018124
S3 $0.017781

Tron (TRX) Exhibits Downtrend in 7-days Run

Tron is currently battling with a downtrend. The currency is falling along with the many other coins. The intraday trading in TRX coin might not give the desired results to the traders, but the future seems bright. Let’s have a look at the intraday chart of TRX/USD:

TRX Price Chart

As per the above-given price chart, the TRX coin registering price fall on the week-long run. The week started dealing at $0.018970. The price escalated to $0.019433 by the end of November 10. The next day, Tron registered a fall that brought the price counter to $0.019090 by 1.77%. The price improved on November 12 and touched $0.019740 by 3.40% hike. On November 13, the counter escalated $0.020195 by 2.30%. On the next day, the TRX coin price slipped to $0.01939 by 3.99%. Yesterday, Tron price continued the fall and touched $0.018523. The intraday movement marked an aggregate regression of 4.15%.

Tron Price Prediction

The current price of TRX coin is at $0.018523. The coin was dealing at $0.020 before two days. The latest price crash in Tron is due to the ongoing volatility. The same would be lifted soon, and the coin might be seen an experiencing a great future.

For intraday traders, the currency is seen moving towards the immediate support level at $0.0182. There is a possibility that the coin might trade in a similar range for the next few hours. Tron is suggested for the short-term traders as it may help to gain considerable returns.

Resistance Level Price Support Level Price
R1 $0.019275 S1 $0.018219
R2 $0.019933 S2 $0.017821
R3 $0.020331 S3 $0.017163

Tron (TRX) Rallies by 30% in the Last Month

Tron price movement is quite impressive for some time. The currency was seen touching $0.014 on the price chart. The brains behind the coin worked it out and brought the coin to $0.20. As per the latest news on TRX coin, the currency is now listed on Poloniex exchange. The news was confirmed by Justin Sun himself.

The same would open fresh doors for the traders. Now, Let’s check out the month-long chart of Tron.

Tron Price Prediction

Tron (TRX) Price Chart

Tron started dealing at $0.014430. The coin price escalated to $0.015088 by 5.70% and later escalated to $0.016910 by 13.61%. Further, the TRX price slipped to $0.01577 by 6.70%. Later, the coin slipped further to $0.014251. The price booked a heavy escalation and touched $0.023 by 61.09% hike. During the last few days, the Tron price slipped to $0.020783 and closed at the same level. The price started the ongoing month at a moderate level. The price of TRX coin slipped to $0.018549 from $0.020783 by 10.86%. The coin escalated to $0.020186 by 8.83%. However, from last few days, Tron is under huge pressure, and the price is slipping towards $0.019139.

For intraday traders, the TRX price movement seems under heavy price pressure. The price could fall to the immediate support level at $0.019.

Resistance Level Price
R1 $0.020094
R2 $0.020679
R3 $0.021105
Support Level Price
S1 $0.019083
S2 $0.018657
S3 $0.018072

The traders interested in Tron are recommended for short-term investment. The long-term investment in Tron is likely to be chancy. Thus, we suggest to go with the recommendation.

Will Tron (TRX) Continue to Beat the Bearish Sentiment?

  • Tron price is finally trying to come out of the bear grip

TRX coin was able to have a good run till July. From then on, the price of the coin was continually under pressure from the bears. The beginning of November has been good for the coin. The price of Tron has been moving in the range between $0.0142 – $0.0220.

Tron Price Analysis

The price of TRX coin is having a good break from the bears. The price started on a low note on October 19 at $0.0156. Being below the baseline, it went further down to $0.0142 on October 23, fall being to the extent of 8.58%. The price of Tron then slowly picked up and moved upwards at $0.0177 on October 26, rise being 24.61%.

There was a small downfall on the next day when the price reached $0.0163, and the downward movement is 7.26%. The price then had a good rally and moved above the baseline at $0.0220 on October 30, the huge movement being at 35.62%. Though the price is above the baseline, it has fallen slightly at $0.0187 on November 11, fall being to the extent of 14.91%. The current day’s price of TRX coin is at $0.02008 with 6.95% hike indicating that the price is trying to get out of the bearish trend.

Tron (TRX) Forecast

Tron price got caught in the ongoing bearish upheaval in the crypto market since July. Though the coin was under continual bear pressure, the coin seems to be on a recovery mode now. The TRX coin is expected to show a stable upward swing by the end of the year. Investors can now make use of this great opportunity to invest in the long-term. Short term investors and day traders can make quick gains if invested wisely.

Facebook Approaches Swiis Government to Regulate Its Libra Cryptocurrency

In June, Facebook had announced its plan to unveil a new global cryptocurrency powered by the blockchain technology. The proposed currency, Libra, is set to build an ecosystem which is devoid of bank-interventions and naturally offers low-cost transfer fees anywhere in the world.

Libra has been designed to be truly borderless and is backed by less volatile assets. This will help the asset avoid constant fluctuations, which is the reason that has stopped Bitcoin and other cryptocurrencies from achieving widespread adoption.

According to the latest Reuters-report, Facebook is now seeking a payment system license from Switzerland’s financial watchdog, Financial Market Supervisory Authority (FINMA) for its planned stablecoin project. In its official statement by Switzerland-based Libra Association, a non-profit organization established for governing the Libra network, the company explained the reason behind choosing the Swiss watchdog for coordinating its core regulatory framework. Switzerland seems to be perfect for executing Libra’s operations due to the country’s openness in innovative and responsible financial services coupled with global financial norms and strong oversight. This, consequently, would allow Libra’s open-source blockchain network to transform into a regulated, low-friction, and highly-secured payment system.

While cryptocurrencies and its underlying technologies have largely been associated with criminal activities (most commonly on the dark web marketplaces), a guidance released last month by FINMA elaborates how organizations offering blockchain payments, like exchanges, trading platforms, and wallet providers can secure their offerings by adhering to certain regulatory parameters. The aforesaid guidance strongly adheres to the digital asset regulation framework issued recently by the intergovernmental Financial Action Task Force (FATF), which holds provisions for Anti Money Laundering (AML) measures, Know Your Customer compliance, risk-monitoring systems and more. FINMA has also gone a step ahead of FATF’s provisions in refusing to exempt payments that involve unregulated wallet providers from its oversight.

Facebook will have to navigate its Libra cryptocurrency through a tricky regulatory landscape if it plans a successful launch. Libra Association has requested FINMA to assess their cryptocurrency under Swiss supervisory law, and also to confirm how the Swiss government body would classify the Libra project. FINMA, on the other hand, has reportedly confirmed that Libra will not only need a payment system licence to begin operation, but the currency also has to comply with additional requirements for services.

Experts believe that there lies a long way ahead of Libra before it makes it to the hands of the mass. On the contrary, they are also of the opinion that the task might be daunting, but not impossible for Facebook that necessarily has all the resources and lobbying power to launch its cryptocurrency in 2020.

Increased Adoption of Technology by GCC Banks to Meet Customer Demands for Digital Banking

Financial institutions in the Gulf Cooperation Council (GCC) are fast upgrading themselves to become more technology-friendly. They are focusing on digitizing their services so that they can attract the tech-friendly young customer base towards their bank.

In the report, ‘Tech Disruption In Retail Banking: GCC Banks Are Catching Up As Clients Become More Demanding’ published by S&P Global Ratings firm, they have mentioned that “The conclusion we drew from our four-factor analysis of a banking system’s technology, regulation, industry, and preferences (TRIP), which we are incorporating in our ratings on banks in the region.” It clearly states the changing preferences of customers. In this report, the rating firm has also stated that “The adoption of big data, artificial intelligence analytics, as well as voice and facial recognition tools could enable a more effective and cost-efficient provision of customer (banking) services.”

According to the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf, about 40% of the GCC population is under 30 years of age, which shows the demand for digitization of the banking sector.

A decline in the number of bank branches is being seen; whereas, on the other hand, there has been a drastic increase in banking through mobile apps and online banking. The National Commercial Bank of Saudi Arabia saw 36.6% of financial transactions being performed through its mobile application or net banking service by the end of last year.

S&P also states in its report that the change in banking services can be brought about by customer preference rather than regulatory bodies. As customer’s demand for any time and anywhere banking is increasing, a surge in the collaboration of banks with FinTech firms is being seen. Authorities and regulatory bodies in the GCC are welcoming this move and also encouraging such firms by setting up ‘sandbox’ regimes, allowing FinTechs to try out technologies in a flexible environment.

Gulf Cooperation Council is a political and economic council of all the Arab states of the Persian Gulf except Iraq. The member countries of the council are as follows: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The charter was signed on May 25, 1981.

Cardano has made a decline of 10%; Reaches $0.044

In the last 24 hours, Cardano price has been down by more than 10% following the market trend. It has fallen to $0.044 from $0.049 in just 24 hours. Cardano has been through four major price shifts as well in this period.

Cardano Price Analysis

Cardano’s first swing happened between 01:22 UTC and 05:18 UTC and this swing cut $0.001848. After a few hours of incline, the coin managed to show a moderate volatile path. And at 14:44 UTC, ADA price again started weakening. Over the next three and a half hours, the coin lost $0.0040 to reach $0.045075. It was followed by a hike of 2.68% to reach $0.046257 by 23:11 UTC. Towards the closing of the day, the Cardano again started falling, and it took a dip of 5.06% and lost $0.0023. The current price of Cardano is hovering at around $0.044.

CHART

Cardano has a long way to make for touching its 30-Day high of $0.060. The last few days have been in support of Cardano’s growth, but yesterday’s unprecedented fall has made everything go down. The next probable resistance and support levels are listed below:

R1: $0.04887, R2: $0.05191 and R3: $0.05350

S1: $0.04424, S2: $0.04265 and S3: $0.03960

Amber group welcomes Ex-Morgan Stanley Asia head of derivatives

Jeffrey Wang finally ties with Amber Group, a Shenzhen-based cryptocurrency organization reported by Bloomberg on Aug 23rd. Jeffery will function as the chief of Americas at Vancouver. Wang was working with Morgan Stanley along with four founders of Amber Group including Wayne Huo and Tony He — both reporting directly to wang.

Amber Group is a Shenzhen-based company dealing in cryptocurrency. The Amber Group works on the principle of innovation and insists on making sure that it makes an impact in the industry and its market. The officials from the company stated they would want to leverage the fancy technologies like Machine Learning in fueling the company’s impeccable growth. Application-specific embedded circuits (ASICs) to have a better comprehension of the complex equations. They implied that learning provided from the algorithms of machine learning would be comparing the older problems with new ones and hence help in solving them. The good news is that the world is going to see more trading bots to take care of the business while the traders are away.

Wang is supposed to take charge of all operations including 3 years of work before him. He mentions the notions of the importance of experience and skill in fostering the growth in a rapidly growing organization like Amber. He said,

“As the more mature traditional markets are continuing to see compressed margins and moving to automation, the crypto financial market is still in its infancy.”

Amber Group began working in the year 2015, an alternative to work for 4 officials at Morgan Stanley — Tiantian Kullander, Michael Wu, Huo and himself. The Bloomberg LP developer, Thomas Zhu accompanied them too. The team of 5 worked on a big project in 2017. Amber’s motive was to explore advanced technologies like Machine Learning (ML) for business growth.

In November last year, that technologies like machine learning and AI will aid various trading companies to evolve and grow consistently.

After almost three years of break, wang is lured back to the world of competitive markets by insisting to working in a fast-growing niche area, possibly some infrastructural company with professional expertise finance. His already nurtured skills would be a great advantage for a company like Amber.

At the end of 2017, crypto market was on brim and, the quintet started working dedicatedly with Amber, pulled onboard another Morgan Stanley colleague, Luke Li, and aimed at acquiring some profit-making digital assets.

KPMG Becomes Stronger As Sree Kunnath Joins The Firm As a Partner

Sree Kunnath has joined KPMG and it can be believed that this will benefit the firm to a great length. This is because it is well known in the industry that Kunnath has a lot of experience in the sector and it will benefit KPMG to have a person like Kunnath in the firm. The latest statement from KPMC marks a new beginning for Kunnath in Canada, and it is expected that he will play an integral role in taking the company further. Kunnath has been a part of this area for over 14 years.

He has worked in various sectors like cybersecurity as well as departments concerned with regulations in the field of cybersecurity. He has previously worked with Sargon solutions. It is a boutique consultancy that he is also a founder of and is based in Michigan. According to the sources, it is important that a person like Kunnath is present in the industrial landscape of Canada as the country is facing a lot of issues in terms of the GRC obligations and with the experience that Kunnath has in the field, it is expected that it will make the lives of those involved with GRC easier.

Before this, he had been a part of the Deloitte group, and he has a bachelor’s degree from the Sikkim Manipal University of health, medical and technological sciences in India. He has a degree in IT, in a recent interview he stated that the clients of Sargon will be transferred to KPMG and thus the business can be carried on without any interruption.

Having Kunnath on the team will be of great advantage to KPMG, in terms of the experience, goodwill and also an increase in the customer base.