Is TRON Suitable to buy When Crypto Bearish Market is in progress?
Crypto Bearish Market in progress - Cryptocurrency market has been on a bearish trend that recently reduced market capitalization below $ 300 billion. TRON is one altcoin that is heavily influenced by this market downturn even though its prospects are still good. Cryptocurrency has been steadily increasing since regardless of its youthful nature in the crypto market.
Like most blockchain platforms, TRX is designed to improve peer to peer interaction efficiency. Innovation was relaunched in 2017 with the intent to utilize the blockchain network in the entertainment arena. Users in this network can operate through smart contracts to get the desired results. The Blockchain services offered in this platform are relatively easy to use that allow more creators to publish their data with minimal rules.
One of the latest milestones in the project is the launch of TRON's Mainnet 'Odyssey 2.0'. However, the move did not jump the TRX price as anticipated by the crypto community that some analysts have associated with the performance of the general market.
TRON has its wings scattered in other areas outside the entertainment industry. Coins have proven that it can qualify for the top 10 HODL given popularity and lists in over 80 coin exchanges. TRX is currently the topic of discussion within the crypto investor community because of the uncertainty and the fact that the price does not respond to Mainnet's launch as expected.
Why TRX is a great buy right now!
Most of the cryptocurrency has been in the red zone for the last month with TRON making the list at -43%. Therefore, it is too early to make predictions about what Mainnet's impact on this project in general. Speculation in the market is that the coins will soon be in the bull run as we approach Q3. However, this can only be proven with time.
Some analysts argue that the launch of Mainnet TRON is just a hype that does not produce as expected. This leads to the logic that some HODLER have recently sold their TRX assets because of fears that a lack of price reactions to such milestones could pose a danger. Although there is some truth in the argument, the fundamental value of TRON remains undeniable, which is why coins will make a comeback.
Crypto fans have a perfect opportunity to plunge into this investment when the coin is traded for just $ 0.041 according to coinmarketcap. This will be less risky than most cryptos due to the presence of a strong TRON market cap placing it in the current 10th position. TRX has maintained an impressive financial value even though the green zone has proven to be rare for coins since April began. If the trend changes, the TRX holder that joins the market while still standing red to get the most value from the decision.
In addition to current under-pricing, TRON presents a good HodL crypto because of its versatility with exchange coins and trading partners. The update in this community is active with the CEO, Justin Sun leads the team in platforms like twitter. The TRX prospect of gaining interest and demand has increased which makes it interesting to describe the project in Q4 of 2018.