Are you holding Tron (TRX) and are feeling the heat from the falling prices?
Well, don’t be.
Hello guys, this is a good time to get yourself Tron on the cheap. That’s because what is happening now is a market-wide crash that has seen all cryptos shed a good portion of their value, with bitcoin dropping below $7700. While everything else will rise again, Tron (TRX) is in an incredibly good position to rise again by even bigger margins. Here’s why.
1) The upcoming Mainnet launch
In a few days, Tron will be in migrating from the Ethereum blockchain to its own blockchain. This is a widely anticipated by the market, and has been the main factor driving up Tron, pushing it to a high of $0.08 a few days ago. Now that the price has dropped to $0.069, we are likely to see a surge in volumes as investors move to take advantage of these low prices. Besides, several major exchanges have announced support for the Tron migration, indicating that this event will be a major success. This is a strong enough reason to get into Tron at today’s prices, and reap big once the main net goes live.
2) Tron is drawing in more developers
You can tell the future success of a crypto project by the quality of its developer team. In the case of Tron (TRX), the team has been pushing hard to woo Ethereum developers to the project. They have used airdrops and other rewards to achieve this end. Given that the incentives involved are worthwhile, one can expect the number and quality of developers joining Tron will grow over time. This can only mean one thing, faster completion of project milestones, which will serve to further drive up the price. As such, getting in now, when prices have dropped is a massive opportunity to profit, as Tron continues to grow in its fundamental strength.
3) Tron is led by an aggressive and ambitious leader
Sometimes the success or failure of a project has nothing to do with its technical aspects, but the quality of its leadership. In the case of Tron, it probably has one of the most aggressive and passionate leader’s in crypto. Justin Sun, has not only overseen the fast tracking of milestone deadlines, he has made it clear that he wants Tron to be a top 6 coin. Currently, Tron is at number 9 in crypto ranking. Rising to 6th means an increase in its value, and it’s bound to happen once the main net goes lives. That’s a good chance to profit immensely, now that Tron is trading at a bargain price of under $0.07. It won’t be surprising if the value of Tron gets to over $1 as it continues to push up through crypto rankings.
There are so many reasons behind it's fall, let's discuss all of them one by one :
1) CoinMarketCap News :(First stage)
Most popular cryptocurrency price tracker CoinMarketCap removed several South Korean exchanges from its listings on Jan. 8 because those exchanges have extreme divergence in prices from the rest of the world, causing a dip in the overall market that affected almost every Cryptocurrency Market Cap particularly Ripple and Tron.
The exchanges remove include Bithumb, the world’s second largest exchange in terms of trading volume, along with Coinone and Korbit.
Tron Market Cap declines from around $19 Billions to $10 Billion due to this. Then, comes the 2nd stage.
2) Second Stage : Panic Selling
.jpg)
Almost every trader take help of CoinMarketCap site for analyzing which Cryptocurrency to invest in. Due to huge decline in Tron Market Cap at CoinMarketCap site, people became panic and started to sell their holdings in order to avoid further losses which causes the further loss of it's market cap from $10B to $7B
Technology in it's infant stage:
This can also be the reason behind it's fall. Tron technology isn't working yet. Justin Sun & his team still working on it's Technology and if they will be able to make this tech work, believe me, it's price will skyrocket.
3) Too much supply :
Tron has supply of 100Billion Coins which is too much to reach it's value in 2 digit dollars. If Technology works maybe it will go to $10
How TRON (TRX) Will Profit From Coin Burn:
To commemorate TRON’s Independence Day on June 25th (the official start of Main Net’s genesis block), the TRON Foundation is planning a coin burn of 1 billion TRX, worth nearly 50 million USD. As the press release states, the burn will constitute the largest destruction of money in human history. In addition, the 33 billion TRX combined fund of founder Justin Sun and the TRON Foundation will be placed in a locked account until the start of 2020, which further negates the rumor of Sun selling his primary holding in early January.
- amount of TRX at the beginning of mainnet launch will be reduced to 99,000,000,000TRX, and the remaining 33,251,807,524 TRX held by TRON foundation will stay locked until January 1th, 2020.
Purpose of the TRX Coin Burn:
While TRON is no stranger to marketing stunts, the one billion TRX coin burn has a much larger purpose. In addition to increasing the individual value of each token, the burn will have a systemic effect on investor attitudes towards TRON.
With all these factors, at play, there is absolutely no reason to be sad about today’s price drop. This should actually be viewed as an opportunity to buy some more Tron (TRX) at a massive discount.
“Invest in future not in the present as present is only meant to live while future is where you should invest"
and TRON IS OUR FUTURE!
I love you all...thank you for reading my blog.
You got a 2.82% upvote from @postpromoter courtesy of @ankit-singh!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Thanks
@ankit-singh This is a very good article Thank you very much for sharing this wonderful information ...!
Is there in Tron and dogecoin have any common thing.
Not much similarity
What is exact price of Tron at this time
1 TRX=2.27INR
Congratulations @ankit-singh! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard!
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
@ankit-singh
Tron sabse jyada bullish hoka us hamare patience lw raha he.. Great work brother👌👌👌👌
trx can beat ethereum in future?
Congratulations @ankit-singh! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Russia vs Croatia
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes