Ethereum Price Analysis: ETH/USD big demand zone is being pressed by the bears

The Ethereum price in the latter part of trading on Monday, was seen nursing minor losses of some 0.7%. ETH/USD price range continues to be …

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Constantinople Delay Makes a Dent in Ethereum’s Price

At the time of writing Ethereum was down more than 5% in the last 24 hours, trading around 117 against the US Dollar and testing a key technical …

Our series of cryptocurrencies articles and their predictions for 2019 and beyond is completed with an article about Tron price prediction 2019. We will mention scenarios about coin price forecast. Results of 2018 will also be shown as a starting point of our trx price prediction article.

Results of 2018

At the beginning of January Tron is ranked in the 9th position in top 100 cryptocurrencies in terms of their market capitalization on CoinMarketCap. Tron has a current value of $0.023808, a market capitalization of $1.586.908.038, a volume for the past twenty hours of $121.976.029, circulating supply of 66.631.954.397 TRX and total supply of 99.231.165.008 TRX.

On Jan. 1, 2018, the price of Tron was $0.044682, a peak was formed early in January 2018 at the price of $0.224499 and ever since a decline followed for the remaining of 2018. The current price of $0.023808 represents a decline of 48% compared to the price on Jan. 1, 2018. What experts think and believe about Tron in 2019?

Tron price prediction 2018

Our Tron price prediction for the remaining of 2018 and more specifically for December 2018 in our article called “Tron Price Prediction for December: One-Month Performance of -42.39%, Can This Change?” was that “The current trend is a strong downtrend and if we must make a TRX price prediction for the remaining of 2018 it is in favor of lower prices. What is a potential range for our price prediction? A level of $0.010-$0.08 for the end of 2018.”

The recent rally of Tron for the past twenty-four hours of about 10% and a current price of $0,020729 proved our Tron coin price prediction wrong. Our trx coin price prediction was based on the current downturn which changed direction in the past two weeks. What are now some Tron price predictions for the year 2019?

Tron price prediction 2019

Four Tron coin prediction opinions are presented below as a first approach about what could Tron value be in 2019:

  • WalletInvestor.com is very pessimistic about the future business prospects of Tron predicting a 1-year forecast value of $0.000330 or a decline of almost 98%. According to this prediction if price is to move to this very low level then the recent rally would be an opportunity to sell the cryptocurrency. Nevertheless, this article is strictly informational and does not provide any trading recommendation.
  • Smartereum is on the other side with a very different and much wider prediction. They report that analysts are very optimistic about Tron in 2019. Their Tron predictions by the end of 2019 is a price of $12, which is based on fundamental factors, partnerships and advantages, important catalysts for the future price of the cryptocurrency.
  • CoinSwitch is also very optimistic about the price of Tron in 2019. They have a range of $0.05 – $0.06 for the first two quarters of 2019. By the end of 2019 the price could reach $0.11, which is positive as compared to the last year. In 2019, Tron will have positive effects from two important factors, security and privacy.
  • TradingBeasts.com has the following trx predictions for 2019. In January an expected price of $0.02 and in December 2019 a minimum price of $0.05, a maximum price of $0.07 and an average price of $0.05.

Tron price forecast 2019

Theoofy.com presents a few alternative scenarios about TRX price prediction in 2019 based on the positive and negative factors such as high trading volume and large circulating supply. There is a wide price range of $0.3-$0.7 for 2019 which is very optimistic as compared to the current price of $0.020662.

An important note is that the assumption of the constant circulating supply. If the supply changes, this will result in the change in market cap and token price. While this is an important note, we would mention the fact that fundamental factors such as business prospects and applications and a wider adoption of the Blockchain technology worldwide would be very important factors to consider. Regulation is also a key driver for the future price of cryptocurrencies.

Tron price prediction 2020

Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

For 2020 TradingBeasts.com forecasts that during January 2020 a minimum price of $0.05, a maximum price of $0.08 and an average price of $0.06 may be expected. By the end of 2020 in December a large price appreciation is expected with minimum, maximum and average prices of $0.21, $0.30 and $0.24 respectively.

CoinSwitch forecasts that in 2020 Tron for the first time could reach the price of $0.4 and that it will be a year high increased volatility compared to 2019. By the end of 2020 a decline of the price is expected from the price level of $0.30 to $0.24 in December 2020. Smartereum has mentioned by 2020, the coin is expected to trade at $52.91.

Tron price prediction 2025

Can we make an accurate forecast five or six years from now about the value of Tron in 2025? Logic says that the further we move into the future the less reliable Tron predictions are. But for informational purposes here are some forecasts and TRX price predictions ranges for 2025. DigitalCoin forecasts that the price of Tron in 2025 will reach a maximum value of $0.10024417 in May. By the end of 2025 in December the price could decline to $0.06084865. Another forecast made by thenexttechs.com is that price could go up to $10-$15. With all these trx price prediction ranges we will conclude with our technical analysis for Tron and a conservative approach with a bullish and a bearish scenario for 2019.

Tron technical analysis for 2019

Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

The optimistic scenario is that the bottom of $0.011 will mark a trend change with a recent uptrend formed and price could move up to the range of $0.035 – $0.051, a range with significant consolidation during 2018. For this to happen the price should close above the declining 200-period exponential moving average with a current figure of $0.0266. It is already a positive factor that price is trading above the 20-period and 50-period daily exponential moving averages. If global regulation issues provide a safer and more reliable environment for the cryptocurrency market in 2019 these price levels may be reached as they are probable and can be considered realistic based on the recent high volatility of the cryptocurrency in 2018.

An important level of resistance is $0.029 which is very close to the current value of the 200-period daily exponential moving average. We do not believe that the high price of $0.10 will be reached in 2019 or in the following years as it would only be feasible due to a higher demand for Tron and speculative momentum. Another crucial reason that could support a price appreciation for Tron in 2019 would be increased interest in ICOs and investments in the Blockchain industry. More capital raised, invested and used for business applications and solutions could send the price of Tron higher than our range of $0.035 – $0.051. Odds are according to our opinion that this most probably will not happen in 2019.

The pessimistic scenario is that price could fall below the recent $0.011 bottom. How low could price go is a tough answer, and a price of $0.0 is certainly a potential price. Without fundamental catalysts a more realistic price in the event price is to decline further would be the range of $0.05 – $0.08.

For now, a consolidation zone of $0.011- $0.028 is evident and at some point, in 2019 a breakout should occur. This wide range could send the price much lower in the event our pessimistic scenario is the one to be materialized. As a conclusion for our technical analysis for Tron in 2019, we estimate that the high volatility experienced in the cryptocurrency market in 2018 should continue in 2019. This high volatility makes the Tron predictions highly unpredictable.

All the opinions mentioned above about Tron price predictions should be taken only as informative. Only time will tell what the real price of Tron will be in 2019. 2018 proved a tough year for cryptocurrency. This does not mean that trends could change in 2019 without some pivotal developments.

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JPY futures: bullish with caution

Flash data for JPY futures markets from CME Group noted open interest clinched the fourth drop in a row on Friday, this time by just 570 contracts.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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How China’s yuan can gain ground against the US dollar and the euro as a global reserve …

Just because China’s yuan now officially ranks as a reserve asset currency with … Monetary Fund, but its progress to date has been less than stellar.

Everyone wants to knock the US dollar off its throne as the world’s leading currency. Europe has tried and failed, with the euro’s hope for global forex glory badly dented by the European debt crisis. Beijing would love to see the yuan leapfrog into pole position but it is losing the hearts and minds campaign to win over markets and build confidence in the yuan as a credible dollar alternative. Beijing has its work cut out if it is going to steal the dollar’s crown before the 21st century is out.

Just because China’s yuan now officially ranks as a reserve asset currency with global central banks hardly means a jot. The yuan has come from a standing start in 2016, when it was first granted reserve asset status by the International Monetary Fund, but its progress to date has been less than stellar. By the end of the third quarter last year, foreign exchange reserves denominated in renminbi only accounted for a meagre 1.8 per cent of the world’s US$11.4 trillion outstanding reserves. That compares with 62 per cent held in US dollars and 21 per cent based in euros according to the IMF’s currency composition of official foreign exchange reserves report – not too far behind the Japanese yen’s 5 per cent ranking.

China still has a lot of catching up to do to win greater international recognition and credibility for its yuan-based financial asset markets. In reality, the yuan still only has minor novelty value as a holding currency with central banks and the same can be said for its domestic government bonds, which are only slowly gaining acceptance on global bond indices. The yuan is still a long way off being seen as a gilt-edged investment, a top-notch reserve asset or a universally accepted means of exchange like the US dollar.

Unless Beijing makes greater strides to close the credibility gap, yuan-based investments will forever remain marginal markets for most international investors. Beijing needs to change perceptions so that these investments are seen as much more than risk assets to be dumped by investors at the first sign of market stress. Beijing needs to build full confidence in domestic markets with good depth and breadth and ample liquidity, backed by sound policy principles.

China must free up its markets to all investors. It needs a radical action plan for market liberalisation, fast-tracking financial deregulation, speeding up reforms and heading towards full exchange rate convertibility. The yuan must be seen as more than just a “puppet currency” at the beck and call of government policy. Beijing must adopt a laissez-faire attitude towards currency intervention, with a hands-off approach to market manipulation, apart from the necessary official smoothing operations when financial stability is under threat.

What is next for Chinese monetary policy?

Global perceptions go a long way and can ultimately work in China’s favour. Beijing should be encouraged that dollar dominance is not written in stone and the yuan can prevail in the longer term, should the right policies be put in place. In the past two years, the dollar’s crown has slipped, with its share of global reserves down. Investor concerns about US policymaking under a capricious US President Donald Trump have dented dollar confidence. US interest rates have been rising over this period, but global reserve managers and international investors are having deeper dollar doubts.

After 20 years of existence as a currency, the euro’s future is not that secure, either. The euro might have weathered a number of storms in recent years but existential threats still exist, not least from rising political populism across Europe in recent years. European unity looks less certain these days, especially in Italy where members of the governing right-wing alliance have expressed strong dissatisfaction with Brussels and the euro. The drift away from the political middle ground in Germany and France could cause even deeper rifts in European unity, adding more euro concerns for global reserve managers.

There is a gap waiting for China to exploit if it is prepared to seize the moment and streamline policies. Beijing should be aiming to overtake the Japanese yen’s 5 per cent market share of reserve asset holdings fairly soon. It is time for China to raise its game and build yuan confidence.

David Brown is chief executive of New View Economics

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Saudia Arabia, UAE jointly pilot cross border digital currency

Saudia Arabia, UAE jointly pilot cross border digital currency … According to the statement: “The cross-border digital currency will be strictly … are the Ripple and Stellar networks, and their related currencies XRP and Stellar Lumens.

On Saturday the governments of Saudi Arabia and the United Arab Emirates announced a new cross border cryptocurrency initiative. It’s just one of seven projects unveiled as part of the Saudi-Emirati Coordination Council which has a vision of economic, social and military integration between the two countries.

The announcement said that the Saudi-Emirati pilot cryptocurrency was launched during the meeting. According to the statement: “The cross-border digital currency will be strictly targeted for banks at an experimental phase with the aim of better understanding the implications of Blockchain technology and facilitating cross-border payments.”

It’s unclear whether this will be a joint Central Bank Digital Currency (CBDC). If it is a CBDC, it’s a “wholesale” one given it’s only meant for use by banks.

One of the countries to extensively explore CBDC’s is the Monetary Authority of Singapore (MAS). Both MAS and the Dubai Financial Services Authority are members of the Global Financial Innovation Network (GFIN) which is designed to be a global sandbox for financial innovation and to “trial cross-border solutions”.

Digital Currency benefits

The Saudi-Emirati statement referred to a single cryptocurrency. The purpose is usually two-fold. Firstly, creating digital money to use alternative international payment rails other than SWIFT. But it’s not necessary to use a special currency to use an alternative payment rail. And the second benefit is to save on foreign exchange costs by using a single intermediate digital currency that is usually used for many different currency pairs.

To execute foreign exchange transactions, banks usually need a foreign currency bank balance with the other bank it’s trading with. Having lots of foreign currency bank accounts is expensive. Alternatively, they use third-party correspondent banks who hold the foreign currencies at the counterparty bank. That’s also not cheap.

The cryptocurrency alternative is to hold a single digital currency rather than several foreign currency ones. The digital currencies are usually cheaper to exchange, though there is still some foreign currency risk.

The current high profile blockchain solutions are the Ripple and Stellar networks, and their related currencies XRP and Stellar Lumens. One of the biggest remittance companies in the UAE is using Ripple already.


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