Tron [TRX]’s look book for the first quarter of 2018 – 88.8% performance increase against Bitcoin [BTC]’s

There is no looking back with Tron’s popularity in recent times with the main focus on the Test net launch. Here is a look back at how TRX performed from the beginning of this year with some data compilation from Google trends and other sources. Test net was launched on March 31st and created a lot of noise in the entire market and the Main net is scheduled to release next month.

Justin Sun tweeted:
“TRON’s performance Q1 analysis: TRX/BTC on Jan 1: 0.00000320 and on Mar 31: 0.00000604. TRX increase for BTC in Q1: 88.8%. The launch of test net in Q1 is just a beginning! We will launch our main net in Q2!”

TRON [TRX] has had an increase of 15.54% in its volume from the last 7 days although, the price still remains close to $0.03. The prices have fluctuated dramatically ranging from as low as 1 cent at the beginning of the year to an all-time high of 4 cents in mid-March. According to the mapping of Google trends data onto the CoinMarketCap graph, it is evident that the public’s interest coincided with TRX’s price. In simpler words, the number of people who look up for Tron on Google, the higher the price gets or vice-versa.
According to Justin’s tweet, TRON’s performance in its first quarter is 88.8% more than that of Bitcoin’s.

Shane Ileac, a TRX holder tweeted:
“People need to understand that TRON is in its early stage of development and it’s not going to grow into a money tree overnight growth has many factors and Justin Sun and the Tron Foundation are putting them all in place. We are the future, TRX.”

Jeremy, a Tron enthusiast said:
“Tron has a great team, great leadership. Connections with Chinese government. Facebook and another social media tanking. USD and Chinese currency falling, Jack ma and Ali baba. Do the math. Not a trash coin, the white paper was revised. Tron has an excellent future.”
According to the analysis and statistics, a lot of people gave attention to Tron on a comparison to Litecoin and Ethereum, both of which are years ahead of Tron’s ICO date.

Marc Zwygart, a Twitterati says:
“Completely manipulated. Let’s talk about the 80% decrease in your coin because of your failures. Whenever you post something like this, the price of coin will go way down. Please stop making announcements.”

Alex Sokoban, a TRX holder tweeted:
“Oh, Christ!! The King has spoken, now another dip in TRX price. Why the market can’t already price in for all the Justin Sun tweets so that we can continue to climb afterwards? Only if I can set a time delay on his tweets I’ll swing trade thousands into millions.”

Source

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

 

TRON [TRX] caps the 4th trading volume position after its listing on Bithumb

Tron [TRX] is now listed on Bithumb, the most popular Korean exchange platform. After a long review, TRX is listed on the famous exchange officially by the Bithumb Cryptocurrency Deliberative Committee. They aim ‘to establish a decentralized entertainment ecosystem around the world’. The transactions are active on Bithumb and Bithumb Pro and have evidently affected TRX net volume in the past few hours. Bithumb is the second largest Korean exchange after Upbit.

Justin Sun, the Founder of TRON also tweeted a while ago stating:
“#TRON is listed on @BithumbOfficial @Bithumb_Korea Welcome trading #TRX in http://bithumb.com”

TRON [TRX] has increased in volume by almost 17% in the last 24 hours and is currently trading at $0.036. A constant increase is observed in the market with TRX volumes and positions ever since the listing news broke out. The market cap remains stable at $ 2.4 billion and is ranked 12th again after being in the 13th for a while. TRX is also trading at Upbit, the top Korean exchange as well as Binance and Bittrex.

Jacob Marley, a Twitter user says:
“Finally, I thought they’ll be hung up on the test net forever. TRX is finally associated to some other news and it is fresh. Justin looked too busy with his graduation and this comes out of nowhere. Well done, he wants to surprise everybody every time.”

Samrak Chaudhary, a blogger, and TRX trader commented:
“All this is fine, but what’s the point if the price is hung up on such low values. Do something to increase the value instead of over hyping one single thing for months. What is scary is every time Justin tweets, TRX goes down will it happen again now? I hope not cause I will say goodbye to TRX in that case.”

 

Juliet Grate, a Twitterati said:
“You guys one if the market maker accounts is almost dry 😮 yesterday it had 500m coins left to sell today it’s 120m Keep up the buying pressure so we can bleed this account dry and have real upwards momentum !!”
A few minutes later, Justin Sun tweeted TRX’s volumes increase which has placed it in the top 4th position in the world according to the trading volumes in the past 24 hours.

Justin Sun’s tweet
Justin Sun tweeted again with the announcement of another pair listed on Upbit, the top exchange platform in Korea. According to the official announcement, TRX/KRW trading pair is now available in Upbit exchange platform.

Thomas Zinsavage, a Twitter user stated:
“Wouldn’t have mattered is my point. Bitcoins movement rules this space, I don’t like that, but you all need to accept that this is the way it is currently. Justin could announce he is god and it wouldn’t change price right now.”
Alwin Spurt, a crypto trader expressed his opinion:
“Been called it, market is bear.. not even test net changed that. Bitcoins movement currently runs the show unfortunately.”

Source

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Reasons Why the Month of April Can Change The Future Of TRON (TRX)

Among the eighteen hundred cryptocurrencies that are currently traded in the cryptocurrency market, TRON is certainly one of the most popular ones in terms of total circulation as well as market capitalization. Since its tokenization from ICO by the end of 2017, Tronix or TRX, the official cryptocurrency of this blockchain protocol, has been chosen by several investors across the globe for mining and trading purposes due to its ingenious features. The future plans and stratagems of this cryptocurrency have been extensively mentioned in TRON’s whitepaper and are meticulously distributed over the next five years i.e. until 2023. The whitepaper provides a definitive goal for this cryptocurrency to its users and eliminates the uncertainty factor.

As for this month, i.e. the month of April, TRON has already undergone some significant changes and developments that are likely to make an indelible impression on this coin’s future. Also, this popular Ethereum based ERC-20 token experiences major developmental updates every week to make this coin even more convenient to its users.

Here, some major incidents regarding this digital currency would be discussed to establish the fact why the month of April is going to be pivotally important for TRON.

Recent and Imminent TRON Events:

a. Testnet Launch: On 31st March 2018, TRON’s founder Justin Sun officially announced the launch of TRON’s testnet. This launch is indubitably the first step for TRON to become an efficient decentralized entertainment ecosystem. The sole purpose behind the development of this digital currency was to provide entertainment content to its users without the intervention of popular websites like Google. Despite the fact that TRX is still in its initial Exodus stage, this launching is likely to revolutionize the distribution of entertainment content all across the globe. As an immediate result of this launch, TRON’s price surged by 8% within a couple of hours. For other coins, it usually takes weeks or even months to achieve such an increase. Depending on this trend, speculators are expecting a very lucrative month of April for this currency.

b. Availability on CoinFlip: CoinFlip is unarguably one of the most renowned cryptocurrency ATMs that are used by traders worldwide. It is a US-based cryptocurrency ATM that has been supplying a few cryptocurrencies (predominantly Bitcoin) to the crypto-traders through its multiple terminals. On 2nd of April, CoinFlip started supporting TRON along with its previously existing list of Litecoin, Ethereum, and Bitcoin. This phenomenon is likely to increase the accessibility of TRX to its users considerably, eventually increasing its circulation and popularity. Besides, being available with the leading currencies of the crypto market is likely to assist in increasing TRON’s individual coin price and overall market capitalization. Due to this incident, now TRON can be purchased by cash in 57 different locations of the United States.

c. Implementation of the Voting Option: The voting option is likely to be implemented on this blockchain protocol in April after TRON’s development team finishes debugging the API. This new upgrade would increase the functionality of TRX considerably as the TRON users and other interested traders would be able to vote for certain issues such as listing in certain exchanges or implementation of new features. Also, within this month, the development team behind TRON is likely to finish the debugging of Fork logic as well as improving the blockchain explorer.

Other Initiatives:

TRON has already partnered with BitGuild which clearly indicates its inclination towards online gaming industry. Also, according to TRON’s published roadmap, this cryptocurrency is likely to get involved in several other partnerships along with initiating other media and academic endeavors.

Final Thoughts:

After experiencing a surge of 8% by the beginning of April, TRON’s current price is now tantamount to $0.035 approximately which indicates a conspicuous upward trend. The current market capitalization is circa $2.3 Billion USD (on 3rd April 2018).
The way this month started, the April of 2018 is going to be a very important month for TRX. If this currency is able to achieve all of its goals within this month, it can be the stepping stone for TRON to become an efficient entertainment ecosystem in future.

Source:www.globalcoinreport.com

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

TRON (TRX): Zero Chance Of Coming Back?

Hello TRON (TRX), it’s a bad day!
TRX is sliding pretty fast as its price drops double digits  after successful testnet launch.

One thing is indisputable here: The TRON Foundation and the TRX team have delivered yet another milestone as they inch ever closer to their mainnet.
It is one step that should help bring a new era to the revolutionary ideas behind the project. And as the team presented what they called “the future of TRON” expectations were moon high for TRX and its fervent community.
However, what looked like the beginning of a new dawn has quickly been followed by a cloud of despair for enthusiastic TRX investors. The falling price goes against what mostly happens when positive events like this one take place.
Beginning of new era, but on a very low note!

At the live launch presentation, TRON founder Justin Sun emphasized that what he really cared about is the future of the project and not the price of its native coin, at least not in the short-term. He talked about the how this important event marked the completion of the necessary infrastructure needed for TRON to finally deliver on its blockchain ideas.
At the event, it appeared all was set and a celebration was on the cards. On his Twitter page, Justin promised that the future had just begun and TRON would keep going.
But in a matter of hours, TRX has plummeted at a market-high -20.19% over the 24 hour period. This comes after the cryptocurrency had surged in value to rise to the top 10 in the market. But hardly had the microphones been disconnected than prices began dropping and now TRON is down to 13th position.

At the time of writing, TRX is the worst performing coin in the market’s top 50 as can be seen on the 24h charts by CoinMarketCap.om. The coin opened at $0.0425 on Saturday morning and briefly rose to trade at $0.0428, but has shed ground so quickly to leave some investors cursing the losses they have incurred. It is now trading at $0.0355.
Many hoped that the price would appreciate after the launch. It still may, but the events immediately are confounding, to say the least. The launch of the test net was perhaps over-hyped by the TRON team and its community. Bagholders believed the price would surge, but could now be panic-selling to avoid getting into even more murky waters. They are the ones calling for sell-offs. However, others believe the long-term value of TRX is not debatable with such a step as the test net launch. For such a group, hodling is the best thing.

Coin burn?

The 65+ billion TRX in circulation is one aspect that plays against the value of the token. There was a great deal of hype concerning a coin burn that would have a big impact on the price value. It was expected that TRON would undertake a coin burn to help give the value of TRX a boost. An announcement that the community had been holding out for did not come. And that seems to have hurt sentiment for some, prompting a rush to sell. Nevertheless, a mere coin burn can’t guarantee that this token will rise overnight.
Even though this test net represents a definite step in the right direction, other factors could come into play and distort everything. And to echo TRON founder Justin Sun, the belief in the future of the project should supersede short-term price values. The coin burn represents one way in which the team could ensure a balance in supply-demand, and therefore, value.

Source: http://www.stocksgazette.com