$0.02484 4.99%
TRX · 28w

TRON (TRX) Can Become A Top 5 Cryptocurrency With BitTorrent Merger - Crypto Crimson

TRON (TRX)–TRON, like most of cryptocurrency, is caught in the conundrum of a volatile market. Despite posting significant stories of adoption, new avenues for development and one of cryptocurrency’s largest mergers, the coin has continued to see price fall and a steady erosion in value. While some investors point to the market being tied to Bitcoin as the underlying issue, the blame also falls upon the investing mindset: namely the failure of cryptocurrency, as an industry, to mature past short term price speculation and the instant gratification of profit seeking.

BitTorrent Merging with TRON (TRX)

A year ago, an announcement as momentous as the merger between TRON and coin Founder Justin Sun’s recently purchased BitTorrent would have been enough to invigorate the entire market of cryptocurrency, let alone providing a substantial tailwind to the TRX token. Instead, like all of cryptocurrency, TRON has seen its price decline to pre-BitTorrent levels, a situation that is hard to contend with for any value investor. Whether the coin is vastly overvalued, or just the industry surrounding, makes little difference–TRX has become a prime example of a coin that has separated development from valuation.

However, there is still hope for TRON investors and proponents of the coin as a long term asset in cryptocurrency. Justin Sun and the TRON Foundation have been a model example for balancing regular community interaction with a healthy dose of mystery and reveal. While Sun has been accused of showmanship in the past for his slant towards publicity stunts and hyping, he still has managed to gain one of the more ardent fanbases in cryptocurrency. The smooth function of the Super Representative balloting has been a prime example of this duality in interaction. TRON’s community may have few outlets to participate on the cryptocurrency network at present, but they have taken the opportunity to get involved through representation voting, as well as regular ap...

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