Tron (TRX): Its position after the main net launch
Tron (TRX) had a successful main net launch post which it was expected that the price will surge. However, post the launch things have been quite the opposite, Tron’s price continued to fall and a very little increase was noted.
Tron price and listings
Tron has been on the news for a number of listings and partnerships but strangely that did not improve the TRX price. In fact, the token price remained on the red last one week. People expected the price to go past $1 mark by now but it hasn’t been anything like it.
They are making their best efforts to ensure that their system is stable. The technical team is making sure that there are no bugs or vulnerabilities in the system. In fact, they have even announced a whopping $100,000 bounty for anyone who discovers a bug in the system.
All this is only to give hope to the community and to make sure that when the system goes live, there aren’t any failure points. Despite the negative price performance, all these efforts are making the community hang on. Moreover, the price drop of Tron is not an isolated case, the launch of the main net somehow coincided with a bleeding market. Many other altcoins have suffered the same and taking a toll on the market performance, overall.
According to Crypto Recorder, a price surge is expected around mid-July. It is the time when the system will be tested, and the confidence of the investors might get back. Well, even the price of Bitcoin is still under $8,000. The market might have to wait a little more to observe noticeable gains and of course, Tron is no exception. Analysts suggested that some altcoins are recovering and TRX is also one of them.
Should hold on to TRX tokens?
With the negative price performance, people might wonder if they should hold on to the tokens. Well, independent Tron is hardly a month old and it will take some time to reach the peak. Moreover, nowadays hype does not drive people towards coins; their value and spend-ability do. So, only after the migration process gets over, Tron’s worth will be better understood.
One of the interesting reasons to hold on to the tokens is the number of DApp enthusiasts on the platform goes on surging. According to Tron founder Justin Sun, the system has more than 100 million DApp users to date. Moreover, in terms of salability, it has crossed Ethereum by far.
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