We all have been anxious and worried about the conditions of the crypto market during the last couple of months, a situation that, to say the least, has pushed us to formulate many questions among which the most important probably is, when will the market start recovering from the recent drops? Well, as it seems all of our prayers have been heard as Bitcoin (BTC) has managed to recover from the generalized dip just recently, a fact that definitely translates one way only, a bullish trend is about to start in the landscape.
The fact that BTC is the one coin that is starting to show a bullish behavior is for sure one of the greatest news ever, in fact, BTC represents a huge support for many coins among which Tron (TRX) is well-worth of mentioning. Like this, it is just a matter of time before the TRX token gets on a price recovery, which is expected to happen just when the 6700 mark is surpassed by Bitcoin.
Tron (TRX) by its part didn’t do that much during the last seven days, but as it’s expected the token is going to be acting in accordance to Bitcoin’s behavior, which of course, leave us with a positive sentiment knowing all of the conditions are set for us to see a market in a bullish run. Let’s see the main reasoning behind the asseveration.
Bitcoin importance for market stability
Many strategies have been deployed to stop the volatility of the market when it comes to the prices of certain coins. For instance, the integration of Tron (TRX) of the trading pair TRX/USDT, an exchange whose intention is mainly to recover the price of the token even when BTC doesn’t recover.
However, even when these strategies have collaborated with the market in general terms, the fact is that the big coins are the ones that are not backed by fiat, like BTC, to name one. At least, for now, Tron (TRX), and other altcoins cannot separate itself from BTC, it will take time.
Institutional money is coming in the game, that’s why Bitcoin is going up, and with it, Tron (TRX) will rise in value too. So, if you’re looking to invest in a good bet, both coins represent a good option right now.
Tron’s wildcards
Although the price of the TRX token is expected to correct with the assistance of Bitcoin (BTC), Tron has built a number of strategies to ensure this becomes a reality. Some of them are the following:
- Dapps
With the recently installed Main Net, Tron is targeting decentralized applications to operate on its blockchain, and this is something that is already on the making with thousands of Dapps getting in line to migrate.
- Tron Virtual Machine
Tron is launching its own virtual machine at the end of July, a fact that surely will call the attention of many developers in the sector.
- BitTorrent
The CEO of the company, Justin Sun, recently managed to acquire the biggest peer-to-peer platform BitTorrent, a milestone that brings the token closer to build a decentralized internet.
- Secret project
To keep the hype alive (as always), Tron has announced that is working on a secret project that will bring lots of benefit for the coin. Although still nothing has been confirmed yet, it is expected that it creates a great traction for the digital currency in no time. A lot of good strategic things happening, don’t miss the chance to be on the winning side as Tron kisses the skies soon. Stay tuned.
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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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