September has been one of the strangest months in 2018 so far. The cryptocurrencies opened the month following the bullish trend that commenced towards the end of August. However, the recovery was cut short a few days into the month. Consequently, what followed was a widespread tailspin that saw most of the digital assets break key support areas with some retreating to October 2017 levels.
On the contrary, the virtual currencies did not stay down for long. A bull ran fueled by Ripple XRP) is sending waves in the market as the coins record higher highs and higher lows. This could be a rally that Bitcoin Bulls and experts like Tom Lee have been singing about all year round. Moreover, this is the time for investors to buy and hold coins as they wait for further upside movement towards the end of the year.
Tron has picked up the pace following three different exchange listing in the same week. The cryptocurrency has been towering the space due to the groundbreaking projects that have been launched in the past couple of months. For example, the Tron Virtual Machine (TVM) led to the launch of another platform referred to as TronBox. Prior to that, the network finished the acquisition of BitTorrent. This has made it one of the largest decentralized blockchain platforms in the entire world.
As reported by Crypto Recorder on September 21, Tron has announced the release of a new decentralized cryptocurrency exchange called TronWatch Market. The decentralized exchange will be built by TronWatch in collaboration with Sesamseed (SR).
Earlier this week, Binance exchange announced its support for TRX/BNB trading pair. Likewise, Bittrex exchange also announced that TRX can now be exchanged with fiat (US dollar). The exchange now has more than 10 cryptocurrencies trading directly against the USD. The founder of Tron, Justin Sun wrote on Twitter that TRX was going to be listed on BitBay, an exchange that has more than 800,000 active users.
At the time of writing, Tron is trading at $0.0229 after rising 11.42% in the last 24 hours. Tron is ranked 13th in the market with a capitalization of $1.5 billion.
Cardano, just like Ripple (XRP) is showing its prowess in the market amid a general recovery. In the past couple of days, the digital asset has been making double-digit gains. At the time of press, Cardano is up 14% in the last 24 hours.
Except for the Cardano Foundation Newsletter, Cardano has been starving its community of news. However, it is a great celebration as the platform markets its first anniversary since the launch of its mainnet in September 2017. Recently, a video update was released by the CEO of IOHK, Charles Hoskinson. He shared information about the Cardano roadmap including the soon to come Cardano 1.3.1 and Byzantine Fault Tolerant protocol.
Cardano has made a nice recovery from trading marginally above $0.60. The asset stepped above $0.08 and approached $0.09. However, it is making slight corrections at the moment. ADA/USD is supported at $0.080, besides the trend is still strongly bullish. An upside movement towards $0.1 is expected in the near-term.
Investing in digital assets has its risks. However, if carefully done, it has the ability to increase a hundredfold in the medium-term and the long-term, especially for the HODlers. Tron (TRX) and Cardano (ADA) are coins worth buying and holding because, towards the end of the year, they are bound to recover and break many barriers to the upside