2018-10-31 19:41 |
Tron’s price dip is sort of a mysterious phenomenon. To anyone looking at the crypto ecosystem closely, it must be evident that Tron has done everything right as a company to drive adoption and development. However, the price doesn’t reflect that.
The altcoin’s push to cross $0.023 mark was suppressed by the market. On October 29th, within a period of two hours the currency fell 6%. This violent turmoil might not be associated with anything TRON does at all rather it is mostly tied to the price of Bitcoin.
Things might even get worse for Tron. Bitcoin is slowly creeping towards its support levels. If it hits there most of crypto investors are going to panic, Tron might be caught amidst that storm.
Justin Sun and Tron have worked hard to always show Tron in the positive light. Just this week alone, Tron has done many development like working on their dApp, development of Bancor, addition to new exchanges and much more. It seems like patience is the name of the game for the company.
Most Tron investors feel disappointed and helpless. To make profit off Tron, they have to resort to day trading. Although a prudent approach is a long time game. Since adoption for Tron is more prevalent than other altcoins, once we get some clarity from regulators, it is expected that Tron’s prices will most likely shoot up.
All Tron can do right now is make the best of these times of relative stability. Improve their products, diversify their reach and wait for the right time. Investors of Tron need to trust in its technology.
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