{"id":378082,"date":"2019-04-11T19:00:01","date_gmt":"2019-04-11T19:00:01","guid":{"rendered":"https:\/\/wncen.com\/?p=378082"},"modified":"2024-06-11T21:14:36","modified_gmt":"2024-06-11T21:14:36","slug":"tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents\/","title":{"rendered":"Tron (TRX) Cards, Double digit Gains and now Losses, Back to 2.5 Cents?"},"content":{"rendered":"<ul>\n<li><em>Tron prices down 12.7 percent<\/em><\/li>\n<li><em>Tron dApps activity high<\/em><\/li>\n<\/ul>\n<p><em>Gambling and related betting dApps are driving blockchain and crypto adoption according to a report by a dApp tracker. Although most dApps do launch from Ethereum, activity is visible in Tron and EOS. Regardless, TRX is down 12.7 percent after gaping down in the Asian session.<\/em><\/p>\n<h2>Tron Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Blockchain and cryptocurrency are not only growing, but the tech is maturing. If anything, it appears that last year\u2019s winter did solidify the resolve of developers, platform founders sieving out speculators. The market may be bottoming up, and as always, a recovery means renewed interest and the cycle may begin once more. As usual the market being cyclic, studies now show that these retailers are drawn more to gambling dApps of which some of which are launching from Tron\u2014which is faster and scalable than Ethereum.<\/p>\n<p>A <a href=\"https:\/\/www.dapp.com\/article\/dapp-com-q1-2019-dapp-market-report\" rel=\"nofollow\">report<\/a> by Dapp.com reveals that gambling and similar betting apps quickly jumping ship, preferring blockchain and their benefits driving adoption as a result. It also goes on to say that despite this misconception that Tron dominates, more than half of all dApps launched in Q1 2019, were from Ethereum.<\/p>\n<p>However, although most did run from Ethereum, they are not the most active. Tron and EOS had the most active dApps from all the 350,000 active accounts surveyed.<\/p>\n<p>Increasingly, gambling platforms prefer the transparent nature of blockchain, and by incorporating tokens, they can improve user experience but most importantly transmit money across the world cheaply and faster.<\/p>\n<h3>Candlestick Arrangements<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-378073\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?resize=1280%2C1024\" alt=\"Tron TRX\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-11.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>From the chart, Tron (TRX) is mirroring the rest. At press time, the coin is down 12.7 percent after a gap down during the value wiping sell-off during the Asian session.<\/p>\n<p>Notice that though Tron (TRX) buyers had the upper hand\u2014and they still do, trading within a bullish breakout pattern above 2.5 cents, the failure to comprehensively close above Jan 27 highs and 3.1 cents in line with our conditions as laid out in our last <a href=\"https:\/\/wncen.com\/2019\/04\/08\/are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls\/\" target=\"_blank\" rel=\"noopener noreferrer \">TRX\/USD trade plan<\/a>, mean bears have the upper hand.<\/p>\n<p>Besides, with unstable over-extension of Apr 8-9 confirmed by a doji of Apr-10 was enough obstacle to squash bulls. All the same, we expect a correction back to 2.5 cents and should there be support, the next wave of higher highs above 3.1 cents will trigger long positions with the first target at 4 cents and later 6 cents.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Volumes are shrinking. It is common after a wide-ranging, high-volume rally like of last week. In light of this, our anchor bar is Apr-3 with 29 million. It is lower than those of Feb 4\u201442 million, but because we are bullish, any break above 3.1 cents must be with above average transaction volumes exceeding 29 million and even 42 million confirming buyers of Jan 14.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron prices down 12.7 percent Tron dApps activity high Gambling and related betting dApps are driving blockchain and crypto adoption according to a report by a dApp tracker. Although most dApps do launch from Ethereum, activity is visible in Tron and EOS. Regardless, TRX is down 12.7 percent after gaping down in the Asian session. Tron Price Analysis Fundamentals Blockchain and cryptocurrency are not only growing, but the tech is maturing. If anything, it appears that last year\u2019s winter did solidify the resolve of developers, platform founders sieving out speculators. The market may be bottoming up, and as always, a recovery means renewed interest and the cycle may begin once more. As usual the market being cyclic, studies now show that these retailers are drawn more to gambling dApps of which some of which are launching from Tron\u2014which is faster and scalable than Ethereum. A report by Dapp.com reveals that gambling and similar betting apps quickly jumping ship, preferring blockchain and their benefits driving adoption as a result. It also goes on to say that despite this misconception that Tron dominates, more than half of all dApps launched in Q1 2019, were from Ethereum. However, although most did run from Ethereum, they are not the most active. Tron and EOS had the most active dApps from all the 350,000 active accounts surveyed. Increasingly, gambling platforms prefer the transparent nature of blockchain, and by incorporating tokens, they can improve user experience but most importantly transmit money across the world cheaply and faster. Candlestick Arrangements From the chart, Tron (TRX) is mirroring the rest. At press time, the coin is down 12.7 percent after a gap down during the value wiping sell-off during the Asian session. Notice that though Tron (TRX) buyers had the upper hand\u2014and they still do, trading within a bullish breakout pattern above 2.5 cents, the failure to comprehensively close above Jan 27 highs and 3.1 cents in line with our conditions as laid out in our last TRX\/USD trade plan, mean bears have the upper hand. Besides, with unstable over-extension of Apr 8-9 confirmed by a doji of Apr-10 was enough obstacle to squash bulls. All the same, we expect a correction back to 2.5 cents and should there be support, the next wave of higher highs above 3.1 cents will trigger long positions with the first target at 4 cents and later 6 cents. Technical Indicators Volumes are shrinking. It is common after a wide-ranging, high-volume rally like of last week. In light of this, our anchor bar is Apr-3 with 29 million. It is lower than those of Feb 4\u201442 million, but because we are bullish, any break above 3.1 cents must be with above average transaction volumes exceeding 29 million and even 42 million confirming buyers of Jan 14. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":347586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1622,11808,11993],"class_list":["post-378082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dapp","tag-tron","tag-trx"],"acf":[],"yoast_head":"\n<title>Tron (TRX) Cards, Double digit Gains and now Losses, Back to 2.5 Cents?<\/title>\n<meta name=\"description\" content=\"Tron prices down 12.7 percent Tron dApps activity high Gambling and related betting dApps are driving blockchain and crypto adoption according to a report\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tron (TRX) Cards, Double digit Gains and now Losses, Back to 2.5 Cents?","url":"http:\/\/wncen.com\/news\/tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-trx2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-trx2.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["dapp","tron","trx"],"dateCreated":"2019-04-11T19:00:01Z","datePublished":"2019-04-11T19:00:01Z","dateModified":"2024-06-11T21:14:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tron (TRX) Cards, Double digit Gains and now Losses, Back to 2.5 Cents?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-trx2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-trx2.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"dapp\",\"tron\",\"trx\"],\"dateCreated\":\"2019-04-11T19:00:01Z\",\"datePublished\":\"2019-04-11T19:00:01Z\",\"dateModified\":\"2024-06-11T21:14:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-trx2.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/378082"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=378082"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/378082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/347586"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=378082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=378082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=378082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}