Cryptos Land: Tron : Is the rally over?

Tuesday, 16 January 2018

Tron : Is the rally over?

Tron (TRX) made major headlines in the Crypto industry as it surged from $0.01 to as high as $0.25. Tron (TRX) bull run made several people huge profits in the short time but it looks like the rally is fading as uncertainty regarding the new Crypto currency looms.

Recently, Tron (TRX) price has been hit by several factors including FUD, whitepaper controversy and the Bitcoin price. After surging to record high and taking over several popular Altcoin's marketcap is heading downwards since the past couple of days in a bear pattern that hasn't seems to stop.

The price surged of Tron is also linked with its CEO Justin Sun who kept tweeting about it creating a speculation bubble. However, as the momentum fades Tron is now showing extreme bearish market signs testing new supports. Data from Coinmarketcap shows how the volume, and price of Tron has dropped for about 75% since all time high.

Tron price looses against Bitcoin and USD for a couple of more reason other than Bitcoin price volatile movements, the past week. This also include massive FUD among traders specially regarding whitepaper of Tron that appears to be forged from several resources.

Do you think Tron needs more money?

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