Seems like all good projects that have main net launches have been hit with bad news today. Earlier today, EOS was hit with news that it could have some serious security vulnerabilities that could see hackers take control of the network remotely. This led to panic selling, but the EOS team has already resolved this, and stabilized the price. Now Tron (TRX) too has been hit with some negativity, with fraudsters doing fake airdrops. The scammers have taken advantage of the recent decision by the Tron team to do airdrops, and do fake airdrops. This has created a wave of negativity around Tron just a few hours before the main net launch. However, the Tron team has responded quite well to this, by issuing a statement on telegram that their airdrop is officially over.
As an investor in Tron (TRX), you need to hold on to your portfolio in the knowledge that any negative news coming out between now and the main net launch, is simply driven by people who feel like they missed out, and would like the price to go lower before they can jump in. They know that Tron will hit the moon once the main net goes live.
Tron (TRX) is already showing signs of an impending break to the upside. That’s because despite the recent drop in the entire crypto market, and the airdrops scams, the value of Tron (TRX) has held steady above the $0.06 price level. That’s an indicator that investors have faith in Tron (TRX). They understand that after the main net launch, the value of this coin will shoot up significantly.
Other pointers that the value of Tron is about to push upwards include the fact that some of the biggest exchanges in the world are supporting it. Binance, Bittrex, and Bitfinex have already announced that they will be supporting the Tron token migration. On top of that, the main net launch will be followed by the super representatives’ elections, and several top platforms are looking to partner with Tron on this one. Tron (TRX) has already released a list of some of the platforms that will be vying for the super representative positions, and among the top ones are Game.com and bitcoin god. These are platforms that have the potential to drive up Tron’s value in the future.
Personally, I believe the value of Tron will mainly be driven by the partnership they entered with the hydro protocol. This deal will see Tron (TRX) become a fundamental aspect of the decentralized internet, which is evidently the future of the internet. It is already started with the growing popularity of decentralized exchanges. The internet is headed in this direction as people become more conscious about the security of their personal data.
That’s why if you are holding Tron, you need to hold on to your coins no matter the FUD that comes up between now and the main net launch date. Tron (TRX) could end the year very high, and make you wealthy.