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The month of October saw many altcoins continue to bleed in price, with ethereum (ETH) and ripple (XRP) each falling by more than 10%. After almost ten months of mostly bearish price action in the cryptocurrency space, there was only one cryptographic token that managed to tread water in October – tron (TRX).
tron of [Previously] Volatile nature
Tron's October stability is a bit of a surprise for a currency that is often volatile. At the start of this year, Finder.com conducted a study that ranks the top fifty cryptocurrencies by market capitalization in order of volatility. For the first two months of 2018, tron was the most volatile.
Last month, tron saw a 30-day change of about a quarter of a percent, with that move up.
& # 39; Partnership & # 39; October issue of controversial Tron
Tron, along with founder Justin Sun, has been accused of exaggerated partnerships. At the start of this year, CCN reported a truncated partnership with the Chinese firm Baofeng that was not at the height of the hype.
Last month, on October 12th, founder Justin Sun published a tweet that suggested another future partnership announcement.
Finally, the first time to cooperate with tens of billions of the USD valuation industry giant. Guess the name 😊#TRON #TRX $ TRX
– Justin Sun (@justinsuntron) October 12, 2018
The mysterious collaboration was revealed with the cloud computing company Baidu. But according to another CCN report, tron was just a Baidu customer – not a partner in the conventional sense of the term. It seems that the tron Twitter account even removed the tweet announcing the Baidu partnership. A search on Google still finds a link to the Tweet, but this link leads to a page that apparently no longer exists and has not been archived by the Wayback Machine.
Tron had positive developments in October, however, with news of his upcoming decentralized exchange.
"Tron fans (TRX) had reason to cheer up this morning after the release of the dedicated decentralized exchange (DEX) for the TRX standard tokens," Hacked said. But according to the same article, this news has been obscured by a market price crisis.
Altcoin continue to bleed
This month also showed that XRP fell more than 18 percent, while Litecoin (LTC) fell by almost 17 percent.
According to data from CoinMarketCap, Verge (XVG) has seen price highs above $ 0.26 during its peak last December. Verge now sits at just over $ 0.01. According to these numbers, Verge has seen a price fall of almost 95 percent in the last year.
Surprisingly, Ryan Selkis (better known as "TwoBitIdiot") predicted these numbers in his 95 cryptographic theses for 2018, published in January during the height of the last bull market. He said:
"There is no rhyme or reason for the prices in the crypto, and it will not be there in 2018. Better to embrace that this will be a market driven by sentiment until the crash.It stays safe and embraces the opportunity to sit down on the edge and do research! There will be precious stones that will rise in the next 99 percent of sales ".
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