Going by all market indications, this is not the right time to sell your Tron (TRX). Perhaps you may be wondering why. Well, the aim of putting up this article is to explain important facts about your token. Sure, the token has a lot under wraps, and the article will definitely unpack these goodies.
Understanding The Cryptocurrency Market
For the past couple of months, the cryptocurrency market has remained bearish, giving bulls a cause for concern. Apparently, the storm is over and the heroes who successfully weathered it will have a reason to smile again. Make no mistakes about it, Bitcoin is the still the leading cryptocurrency in the market. And other virtual currencies assume the growth pattern of Bitcoin. That said, Tron is no exception.
Yes, It’s Another Bull Run For Tron
While Bitcoin grew from $6000 to $8,400, experts are anticipating that the first ever cryptocurrency could continue climbing. As the first-ever cryptocurrency is experiencing a steady rise in price, it is also rubbing off on the eleventh (Tron). TRX started trading on September 13th at $0.0021. However, as of today, it trades at $0.0369 with a market cap of $2.431 billion, representing a nearly 100% increase ever since it launched. With this impressive growth rate, bulls will no doubt understand that selling TRX is a no-no at the moment.
Mastercard Obtained A Crypto Patent
Tron is one of the cryptocurrencies that will be linked to fiat currencies in the patent card maker Mastercard just obtained. With these cryptocurrency-compatible cards, cardholders can use the Mastercard debit or credit cards to pay for goods and services. Apart from paying for services, such cards will also be linked to bank accounts.
Increase In Demand
The demand for Tron is increasing steadily, positioning it for the bright future ahead. According to market reports, Tron is one of the most traded currencies on the cryptocurrency market with daily trading volume hovering $190 million. This is good news for the wallet holders of the cryptocurrency.
Expansion
The founders of the cryptocurrency are currently putting everything in place, such as signing new partnership deals and deploying more innovative technologies to support the Tron network.
Final Words
These factors are essential factors that should matter to any Tron wallet bearer. Don’t sell yours yet because these growth spurts may just be a tip of the iceberg. The bull run could just be getting started! Yes, the market is most likely going to stay positive for some time, so why sell your Tron now?
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