TRON (TRX), Cryptocurrency-On Monday, TRON TRX currency investors noted that the currency fell nearly 6% over the course of two hours, a significant decline to continue the bear cycle that was established in 2018. However, investors have tried to internet a sudden drop in TRX prices, it soon became clear that the entire market suffered from a simultaneous sale, probably linked to the price of Bitcoin.
A cursory look at the Coin Market Cap and other encrypted price monitoring websites reveals a model that has become commonplace over the past six months: altcoin prices across the board are almost entirely dependent on the Bitcoin movement. Although this has traditionally been to the advantage of the altcoin market, since BTC shows greater brand recognition and even investment potential of coins in the top ten market capitalization, the collapse in encryption prices in 2018 has created a frustrating dead end for most of the growth of altcoin.
Despite the news on TRON are related to the Chinese technology giant Baidu, the TRX currency has practically not recorded any price appreciation in recent weeks, while yesterday it showed another decline for the currency. Investors are left with no choice but to ride the wave of losses, grapple with day trading or yield to price-driven speculation that has dominated most of the cryptocurrency market. Valuable investors, whose cryptography has been largely eliminated in the last eight months, have continually been left to scratch the head of the lack of any correlative price movement, with TRON and the entire altcoin market that is almost tied to fluctuations of BTC.
Bitcoin has long been at the center of cryptocurrency and at the top of market capitalization, rightly considering its origins and its large user base compared to other currencies on the market. However, the current bear cycle for both Bitcoin and Criptovaluta is creating a strangeness in which developers and coin teams have little incentive to develop and grow their project, at least in the short term.
Although the TRON Foundation and CEO Justin Sun are one of the most active and leading cryptor teams in the industry, TRX has not continually developed price differentiation tailored to its development. Sun's acquisition of BitTorrent and planned integration into the TRON network via Project Atlas should be announced by investors and users as a huge pedestal in the development of TRON. However, the price of coins is increasingly becoming an irrelevant indicator of millet for the success of the project.
The cryptic investors, with the portfolios that are suffering after almost a year of price depression, have reason to hope for a turnaround in the markets that show a little appreciation in their portfolio. But the long game is becoming an increasingly attractive point of interest, especially for projects like TRON that could be the fastest matrixers in the event of a bullish rise. Greater institutional interest, even in the absence of a SEC-approved Bitcoin exchange traded fund, will provide a more perceptive investment scenario, which could see a return of value for larger projects such as the TRON which developed potential in 2018.