Anxiety and despair have become the generalized sentiments not just Tron (TRX) but for all of the crypto enthusiasts and investors, a fact that is regularly fuelled by a crypto market going through one of the most significant bearish moves in history (things changed yesterday though).
Some of them feel the pressure of the market more than others, and in some cases, scenarios like this are the ones that make crypto holders start doubting, and even worse, stop showing support to a specific coin, which at large, becomes a tough situation for the whole crypto community.
It is precisely because of this that several coins are looking to deploy different strategies to overcome the latest circumstances of the sector, but is it possible that certain coin has made this job in advance?
Would it be possible that a crypto had foreseen the potential downturn and has worked on these strategies prior to the storm? Well, as it seems it is possible. In fact, that’s pretty much what Tron (TRX) had been cooking ever since it started, building up a solid and close relationship with its community. Let’s see all the details of this.
Tron’s community support
In lights of the recent conditions, Tron (TRX) has received the greatest support from its community, and as it seems, these holders are just not going anywhere in difficult times.
As the website Tronscan confirms, during the last couple of weeks Tron’s community has been growing in an extraordinary measure, and a proof of this is the increase in the number of accounts that have been created in the last month. In fact, at the time of writing, there are 200,621 accounts on the network, and the growing pattern has been an exponential move.
The deployment of strategies of Tron started long ago. In fact, this has been a characteristic thing for the current 12th-best crypto of the market, which continuously has been designing a complete package for their users, because as the CEO, the very Justin Sun proclaims, Tron (TRX) just doesn’t rest.
One could say that it all started with the move of the making Tron an independent crypto. Let’s recall that not so long ago the TRX token was based on the Ethereum’s protocols, which undoubtedly, tended to link both virtual coins as a unit.
In this sense, Tron not only created its own blockchain, it also constructed a platform in which developers could create Dapps (decentralized applications) with the most common programming languages, and at the same time, it gave the option to migrate the ones already built using other platforms such as the one of Ethereum.
Sun’s blockchain company continued with the launch of the Tron Virtual Machine, and shortly after encouraged the development of the Super Representative Elections, a self-governed community for the crypto. And this is only the tip of the iceberg if we take into consideration the several partnerships the company managed to make with renowned exchanges such as Binance, which it worths to mention, that it was a crucial element in the migration of the old token.
The recent panorama for the crypto world has not been the best indeed, but to say the least, we all have been here before, and this is something we can always expect from cryptocurrencies.
Undoubtedly, the market will soon rise to its highs again (it went in green yesterday, but that was the correction of huge dips we all witnessed until the day before yesterday), and Tron (TRX) will undoubtedly play an essential role while this happens.
And yes, we should not assume that the bloody-season in crypto is over, the market can still turn red again before adopting a steady bullish ride. But for Tron’s TRX, as things look, that won’t be a thing to worry as Tron’s community seems to be caring less about the current situations and believing more in the long-term potential of the coin. Only the time will tell how well the project meets its believers’ expectations.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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