Bitcoin Forum

I wanted to figure out what is the correct evaluation of the market for TRX or any crypto for that matter. TRX is currently valued ~10B$ which seems a lot but given the fact we seem to be just starting with this Cryptomania would like to see what  you think.

Do we really bother about valuations or just get in at less price and get the hell out at a higher price?

Thanks

I don't think of altcoins in terms of their long term prospects or their valuations and so on. I'm concerned with rather short term trajectories, like what will happen within the next year or so. As such, based on the stuff I read on different forums and twitter, it looks like the price of TRX will continue to increase.

We are in a giant Crypto mania zone and TRX is also one of them. The valuation of $10 billion for a coin like tron doesn't make any sense. Many big companies like uber, ola worked hard for many years to get that value but coins like these came in just some months ago to become a billion dollar valuation!
PS: I'm also holding tron and riding this wave.

very Hyped token... my advice stay away ..

Some of the projects receive excessive demand when they hit exchanges. Some whales like pumping specific coins on the excahnger platforms. TRX has been one of them. Then it gained a momentum drastically!

ok..Even they are doing the same thing right? All they have is an app and they are making use of it. Tron too kinda has their product which they are trying to make it widely spread. But i do agree the time taken to reach 10B from few millions is quite unacceptable.

I somehow have 500 TRX in my exchange wallet without me buygin...anyone has idea how does it end up there?

The value is determined by people yes but when something has gone up 30-40x then it probably isn't a great idea to get involved at this point. Sure you could get involved but you are asking to get burnt, I wouldn't hold my breathe on a $1 valuation for a TRON that seems absurd!

How do we justify bitcoin's valuation then? Its all relative right.
If GE has PE as x then tesla can have this much thats how we come to a price prediction. So i feel understanding whats the correct valuation will help us to stay invested or enter or exit.

Ok , i see the voting so far is 80% no. Little surprised being a investor in tron. Lets see how it turns out after tomorrows meeting and more participation

If the coin has already grown much, then you are late to invest in it. You can earn a little interest, but you will not earn much or this process will last for a long time.

I did as well. They appeared (I figured it was one of the many airdrops that I signed up for) then started accruing value. After my first free 500, I went in on 22,000 more then it hit $.04 before Christmas.

I dont see how the valuation is justified though... but heck I dont care with these kind of returns.

from xvg,ripple or any other rising rapidly alts was because of hype surrounding it. Market cap doesn't even matter again in this nonsense market. Like ripple  "coinbase addition"  create the hype.