The independence of Tron (TRX) has been one of the most awaited events in the crypto sector, but as the day comes closer, there are more and more holders that are not feeling that positive about the token. In the recent days, Tron (TRX) has been in a notable dip, trading in red for the most part and showing significant bearish moves that left the community a little confused.
After the launch of the Main Net, each one of the TRX holders were expecting an incredible boost in the token as it was very much predicted. However, this has not been the case for the current number 10th coin of the market which has been fluctuating but not in a positive way.
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So what’s exactly going on? Is it just Tron (TRX) or the market as a whole? What’s exactly the coming future of the coin? Is there any good news related to the crypto? The answers to all of these questions are answered below. Let’s see how it goes!
The positive thing in the current TRX panorama
In general terms, the market of cryptocurrencies has been suffering an outstanding dip, and this is a fact each crypto of the sector has been showing on its numbers. Tron (TRX) is not the exception, in fact, it is one of the coins that have been more affected by the dip of the market, showing an 8.39% decrease in just last 24 hours and currently trading at a price of $0.0436 according to Coinmarketcap.
However, despite the red numbers, Tron is actually one of the most active coins in the sector. It all appears, that as the CEO himself, Justin Sun, says, the company “Never sleeps,” and this is something that has been specifically notable even during the last few days as Tron has managed to engage in several partnerships and listings across the globe.
Besides that, the token has a history itself of being not in the best terms and out of nowhere just get back on track performing in green again, which is definitely a possibility after the many news related to the coin with the coming independence and its well-deployed strategic alliances.
The most recent advancement – Binance will support TRX on its independence
Justin Sun has started a countdown on its Twitter account for the moment of the long-awaited independence of the TRX token. In fact, today he published a tweet in which he writes:
— Justin Sun (@justinsuntron) June 13, 2018
In the same line of announcements, just a couple of days ago, Tron founder as well reported important news for the token swap of the company. He said:
— Justin Sun (@justinsuntron) June 11, 2018
Concerning the Binance endorsement, it was known that the popular exchange platform would be in charge of completing the token swap for TRX users that want to deposit ERC-20 TRX tokens into the platform as the MainNet, Odyssey 2.0, goes live.
In addition, a new trading pair was added to the net (TRX/USDT), a fact that will inject the token with a boost of liquidity. You should avoid panicking over the current market stats of Tron TRX, be a horse of long-race. Think long-term.
If you go and ask any seasoned investor out there, he will attest that current position of any stock or company isn’t what determines whether it’s a good bet or not. The skillset and passion of management and service or product being offered are the key factors one needs to take into account.
And, in case of Tron, both stand true; Justin Sun alone has a massive following, and he’s serious about making all his project’s believers succeed (the Tron Beijing office team alone has reached 108 members, that’s impressive and yet another reason to believe he’s rushing towards the Tron goals), and Tron blockchain is a real-world solution as it aims to revolutionalized the content industry. Now, this Binance support for Tron clearly hints towards the fact that the giant crypto exchange believes in Tron a great deal too, this is nothing less than the gold for TRX. Wait and see it going through the roof soon.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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