Today, I have come across several articles and YouTube videos, all discussing a possible Tron (TRX) correction. Is Tron prime for a major correction? Most probably not! If anything, Tron could continue surging all through this month and beyond. There are a number of factors that support this.
First, there are multiple good news coming up, all adding to Tron’s upward price momentum. Take for instance the news by PayFair, a decentralized peer-to-peer exchange is now introducing Tron fiat trading. This is a big deal because it will be add to the Tron overall trading volumes. There are many people out there who have already heard of the upcoming Mainnet launch, but don’t have access to exchanges that support Tron. PayFair offers them a much needed avenue to purchase Tron in their local currency. This is guaranteed to open up a new avenue for Tron demand, one that will support the price rise all the way to the main net launch.
Another factor that will support Tron (TRX) price all through this month is the clarification on the procedure for Mainnet migration. There is a segment of investors that was skeptical of investing in Tron right now. They are fearful that they might lose their coins after the Mainnet migration. The Tron team has eliminated these fears by giving a clear roadmap on what anyone holding Tron should do after the migration. With these fears gone, we are likely to see an upsurge in the number of people investing in Tron as we approach the main net, which will push up the price.
Besides, the upcoming Mainnet will transform smart contracts in a way that will dwarf the likes of Ethereum. For instance, one of the areas that the Tron (TRX) team will focus on is security, an area where the Ethereum smart contracts have in the past shown some vulnerabilities. The Tron blockchain will also have some of the highest transaction speeds of any Dapps blockchain. This intrinsic strength of the Tron Mainnet will continue to support the value of Tron, for some time, after the main net is launched.
Then of course, there is the fact that Justin Sun is a powerful crypto figure. His positive tweets will continue to drive up the value of Tron as we head to the Main net launch. He has already started a countdown on Twitter towards the main net launch. This has a psychological impact of getting people excited about the main net, and will continue to drive up the price of this crypto going into the long-run.
With all these factors at play, Tron has the potential to hit at least a valuation of $0.15 before we see any retracement. Long-term, Tron can get to a value of $0.50 and above within 2018. There is no doubt that it will be one of the best performers in 2018. Some even believe it can get to $1, and it’s very plausible! All it will take is an upsurge in the number of Dapps launching on the Tron (TRX) blockchain.