The recent developments in the cryptospace has really left a lot of persons to wonder if the reign of the Bear 🐻 will be very long. Reasons being that there's a investor apathy with the collapse of over 90% of the LUNA Blockchain as well as the resultant effects on some of its holders.
While a lot of tokens have been dragged down by their big brother, BITCOIN, which has a market dominance of about 46% as at time of this post, Tron has refused to be dragged down like others. In fact it is part of the most traded token on Binance as seen in the image below.
Binance App.
What do you think is responsible for such Tron sustenance amidst the bear market? Do you see any manipulation of the market going on?
Agree...
I'm not very great at finance but what I see is people migration from centralized social networks to the decentralized one and in that case Steemit is still Bigas of now...plus twitter ownership is at turbulence (The Elon effect ofcourse😉)....Meta hasn't arrived yet with its NFT setups....Ethereum is walking on edges🔪...stockmarket crash accompanying ...So I see currencies like $TRX a safe bet. Thoughts are welcome always😇
Nice rundown of development in various blockchains.
About this:
I will say that personally, I won't give any token such 100% trust. One of the disclaimers I see in some exchanges is that 'cryptocurrencies involves a lot of risks'. The point? Please don't invest more than you can afford to loose in case of eventualities.
NFA
💯Agree with you.None of cryptocurrencies as of now are stable and completely safe heaven.
We can only hope for a better open world with web 3.0 in future, keeping some trust alive 💪