Bitcoin Forum

Tron jumps by 51% on Thursday to trade at 0.08$. TRX rose by 39% while BTC, ETH were low. It had a marketcap of $5.26 bill

Tron's market cap has fallen significantly from $14 billion on January 6 then fell to $11 billion a day later. It further slipped to $8 billion on January 10, $6 billion on January 14 and $3.5 billion on January 17.

Source : https://www.ndtv.com/business/tron-trx-beats-bitcoin-in-pace-of-recovery-jumps-51-in-one-day-1801710

Trx to 1 usd

So? the reality is that Tron is nothing more than another overvalued altcoin with no actual product that gets hyped around on social media thanks to "partnerships" rumours and Justin Sun's silver-tongue. Him and the "team" behind Tron, they know how to to great marketing.

And why compare it with Bitcoin?

It's tron is recovering much faster but I don't think you can compare it to bitcoin though. Tron is not traded in many exchanges, and if you check coinmarketcap you will see that more than 50% of it's trading volume is done in a single exchange. This makes it much easier to pump it's price, allowing it's fast recovery. If you do check it's recovery vs bitcoin, you will see that it's gains are much smaller, and it actually only recovered 12%. Verge for example, although it shows a smaller % gain in coinmarketcap, it already recover 20% vs BTC so I would say it's actually doing better than tron.

Basically you are saying it's less stable than Bitcoin.

Even though that your title is correct, there's some information that you're missing in your post... The rise of Tron is not natural, the only reason Tron is going up so much is because of the tweet of Justin Sun that stated that Tron open game platform would be synchronized with some others gaming platforms, and there would be a game just like crypto kitties

This never means beating bitcoin in recovery. Bitcoin's cap is much higher than tron and the scale is enormous in bitcoin. Tron is not more deep in market measures so easier to recover.

That means nothing because the price of Tron was easy to decrease within a couple of days. Who would want a coin like that?

I was waiting for such a pump from Tron yes. Because I see many people bought Tron in last 2 weeks. After that Tron declined dramatically to 400 satoshi levels. But we saw that Tron agaian went up 900 satoshi levels and people who bought before sold their tron.

This mean nothing . Tron have uncomparable lesser capitalization , so it is much easier to pump/dump it . In addition , just look how it's price increased in a last day and compare it with btc .

So what? Tron is another coin that is overhyped by mass but in reality have no secure side.
This is plain stupid comparison. What do you expect, Bitcoin to go up to 20k USD in a day again?

 i dont understand why so many believers in this coin. after all the rumors about it . of course no one know rumors real or not but still enough to quit in this

Beats bitcoin by recovery? What a lame thing comparison, bitcoin is a 10k+ asset. It's like comparing old moldy bread to a freshly made pizza.

That is not a good new in my book. A jump of 50% in one day without any particular news or reasons means that there is a pump and plenty of FOMO but no real value behind, and therefore is just good for traders.

I would like to ask the same thing too why he do make comparison between TRX and BTC? Its clear that this is just an another altcoin in the market which is just being hyped up and those kind of movement on big % fluctuations does signifies that this is much worst than bitcoin. It might increase % on recovery but the same time it can dumped with bigger percentage too which is clearly that this coin is just overvalued.

You've got to be crazy to own TRON now (I say that as someone who previously owned TRON). It had its moment and has now faded - it won't be coming back any time soon.

No man, you may wrong about that and very very wrong at all. Tron decreases more than bitcoin and I'd not be surprised to see tron will rise over the bitcoin. Look at the actual chart of tron and you will be seeing it right now. Tron still down over 30 percent as far as i thought.

Its a very good coin and many people are holding it I have done good amount of research on this coin the only thing is the supply is too high but I am sure they are developing the coin and it will get more and more developed and many new companies will start to accept it and it will be huge coin for sure. I am holding it for the long term and I am sure it will give me good returns.

its a good coin, expecting it will reach to $0.5 soon

So, from all this I just get the idea that is a coin that is frequently pumped and dumped, has no stability and yet you want to compare it with bitcoin... with a newby user.

I agree TRON's market performance are very volatile. What are the significant thing happen on January 18 why the price of Tron suddenly went up. It is quite amusing that it jumps 51% in one day.

Well, doesn't it happens with a lot many ALTs, there are people who manipulate market and its pretty common.
TRON without a doubt is way overvalued with the current price, though I support TRON and am really an early adopter towards it, however, the price fluctuation and Justin making "Announcement" about another "announcement" which is bound to happen via different "announcement" keeps on shilling it over the market. Its not really a positive attitude and big investors dont really like it.

I'm sorry, but i don't see Tron going far in the long term. Overhyped, with no working product. Just MHO