Tron (TRX) might see a price recovery on super representative election day 13529
Altcoin
Pinaz Kazi
Jun 13, 2018 at 1:57 PM

Tron (TRX) is looking forward to its next milestone as the Super Representative election is about to happen on June 26. What’s still bothering the holders and the traders is the TRX price.

People expected a price surge after the Tron (TRX) MainNet launch. However, it went just the opposite. With Super Representative elections, a positive change in price is expected. The main reason behind this is the introduction of Tether (USDT) pairings on Binance which has been recently announced. The leading cryptocurrency exchange has the largest Tether wallet in existence and it is spreading the USDT asset, making it move beyond Bitcoin and into select altcoins. It gives TRX an alternate price path, the final value of which is determined in trading uncoupled from BTC.

Binance has reportedly assured that if users keep on depositing ERC-20 TRX tokens into their accounts after the token swapping is over, they would complete the token swap for them. With this listing people are hoping to see a positive change. The trading at Binance for TRX/USDT pair started around 11.30 AM [UTC] on 11th June 2018.

Tron (TRX) market value

Tron lost over 27% in the previous week, the market is in the red zone and is continuing to slide. In the past 24 hours, it traded at $0.043, down a net 9.3%. To regain its position, TRX will need to fight back and hopefully, the election would show a positive effect on the price. Unlike EOS, Tron voting process is simpler and intuitive which can be done through its wallet. EOS relied on command line prompts and third-party sites for the vote.

Meanwhile, it has been reported that the Ledger team has reached out to Tron to include the TRX asset in hardware storage. However, the most challenging thing would be to create a cold storage wallet which gives the options to lock tokens and vote. Including Tron (TRX) on the popular hardware, the wallet would help to spread the project to a larger group of investors.

Image via Shutterstock

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