0
📈 Price Predictions
550 views

Tron (TRX) Price Won’t Reach $0.013 In September, Traders Say. Time To Enter The Market?

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Vera Yurina
    📈 Price Predictions

    Tron (TRX) price won’t grow in September, but is it the right time to invest? Read TRX price predictions from TradingView

Tron (TRX) Price Won’t Reach $0.013 In September, Traders Say. Time To Enter The Market?
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The crypto market is on fire, while traders are in panic. The long-awaited altcoin season didn’t last as long as we expected, and altcoins keep nosediving even to lower bottom levels. Tron is not an exception – a seems like it cannot resist the downtrend. What to expect from it? Discover possible TRX development scenarios in TRX price predictions. 

Time to buy TRX?

 Invest carefully
Tron (TRX) price chart by TradingView

TRX broke up the falling wedge, now the price is going to test ex-resistance of this wedge and it could be the best moment for buying TRX...or not. By the way, your profit possibility is 200%+ from the buy zone.

Don't invest/trade on money that will be fatal to burn! Tron is very cheap and isn’t likely to surpass the $0.013 zone in September. However, there’s a serious risk of loss, so it’s not the right time to play shorts.

👉MUST READ

Bitcoin Price to Rise Again Soon, Angel Investors Say

Bitcoin Price to Rise Again Soon, Angel Investors Say

Be patient

TRX will bring serious benefits
Tron (TRX) price chart by TradingView

Tron is in the top end of his historic data. Good zone to buy with a good ratio benefit. Always put stop loss!

Accumulating the coin is the key at the moment. Be patient, this market tends to make huge numbers in one day. But they stay in accumulation zones for a good period of time before a bull rally.

This forecast is not about many indicators, less is more, in trading, less is more. Basic zones are key in the market. As snipertariy says: “Buy correctly. Wait like a turtle. Live like a king.”

👉MUST READ

Bitcoin Price to Rise Again Soon, Angel Investors Say

Bitcoin Price to Rise Again Soon, Angel Investors Say

Tron will be kept green?

TRX will stay in the green
Tron (TRX) price chart by TradingView

According to the reports, DApps of TRON has accomplished the number of 563 and TRX of around $5.2 billion is shut in the staking. The normal return of 13.2% and clients are getting $700 yearly for staking on TRON. The principle of the TRON is to get register on the Coinbase's American variant or on Binance.

Tron presents the Sun Network on eleventh August 2019. They began this as a one next to the other scaling arrangement made for giving the relentless scaling power for the system. This one next to the other scaling arrangement is presently getting another update. With the new update, this will permit DApps to work with increasingly effective, security and to devour less vitality.

What does it mean for TRX value? It’s very likely to keep in the safe zone even despite the current downtrend.

Alts trading is getting as risky as never before. Do not FOMO in and do not use more than 5% in single trade, manage your risk properly!

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

TOP TRADING BOTSPromoted
Recommended articles
CLOUD MININGPromoted
0
📰 News
358 views

Federal Reserve System: Stablecoins Pose Potential Risks to Financial Stability

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Vladislav Sopov
    📰 News

    According to its Financial Stability Report of November 2019, the Board of Governors has warned about the dangers of stablecoins.

Federal Reserve System: Stablecoins Pose Potential Risks to Financial Stability
Cover image via
Contents

The Board of Governors of the U.S. Federal Reserve System have issued their monthly Financial Stability Report. This special report is dedicated to the profits and risks of "global stablecoins".

Stablecoins: Global System with So Many "Ifs"

First, the Federal Reserve admits to the numerous advantages that stablecoins present as a concept. It has been highlighed that stablecoins are "faster, cheaper, and more inclusive payments could complement existing payment systems". This is in comparison to cases where traditional financial institutions are sophisticated and poorly accessible. Stablecoins can also be managed to eliminate the volatility of cryptocurrencies, which is one of the borders for them to be utilized as the medium for exchange.

Therefore, the "global stablecoin initiatives" like Facebook's Libra can rapidly achieve cross-border adoption. However, the major threat for stablecoins is apparent - the "inability to convert in national currency". The loss of confidence in "pegging" the stablecoin to traditional assets can lead to a run, in which several holders will attempt to liquidate their stablecoins at the same time.

👉MUST READ

Tether Ceding Ground to Competitors as Stablecoin Wars Pick Up Steam: Research

Tether Ceding Ground to Competitors as Stablecoin Wars Pick Up Steam: Research

This dramatic scenario may be caused by "poor design and governance", and can result in severe consequences for international economic activity, asset prices, and financial stability.

Transparency First

The Federal Reserve also outlined in its report that in many cases, stablecoins can be utilized for money laundering, terrorist financing, and other financial crimes. Therefore, the Federal Reserve would require operators of such systems to conduct their Due Diligence, as well as Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to avoid any abuse. Moreover, the problems of disclosure policy and protecting investor data should be of paramount importance for stablecoin issuers:

Disclosures should clearly detail consumer and investor rights and protections, including whether the holder of the stablecoin has any rights to the underlying asset. Issuers should be transparent on how the stablecoin is tied to the underlying asset, has been said in the Report.

Last but not least, the report highlighted that the Federal Reserve, together with the Group of Seven, will closely monitor stablecoin developments as well as all the risks associated with it.

Have anyone ever invested in stablecoins? Do you prefer to use it, or to pay extra fees for fiat gateways? Tell us your story on Twitter!

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

TOP TRADING BOTSPromoted
Recommended articles
CLOUD MININGPromoted

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings