Bitcoin Forum

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price (https://coinpedia.org/news/tron-trx-price-analysis/) is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

Well I think it's just a technical correction after the dip caused by the postpone of the lunch with Warren Buffet.
But it seems Justin Sun will make a big announcement for the second half of 2019 very soon.

“Soon I will have a letter out to our community regarding our plans for the rest of 2019.”
“Second half of 2019 for #TRON #TRX will be amazing!”
https://zycrypto.com/tron-ceo-says-second-half-will-be-great-for-trx-does-justin-have-new-plans-up-his-sleeve/

Let's stop that remarkable reaction whenever your favorite altcoin increases. 2% of increase isn't that remarkable with the current status of the market.
Bitcoin is soaring high and this should contribute to the increase of Tron. I'm not looking for any more reason about its rise but I'd say that this is a normal price hike.
It's a normal rotation and market flow for the price.

It could be this is the influence of the market and there are some new projects that have used the TRON platform, so this can be an influence as well, and bitcoin has also increased so that the market influence on TRON also exists even though not so much.

It has something to do with the head developers eagerness to convert haters, we all read the much-publicized million dollar lunch with Buffet who is very well known as a Bitcoin nonbeliever, it has a positive impact on his own coin and the whole industry as well.

And besides Tron is bringing something great to the community, just check out their Dapp https://dapp.review/explore/tron

and their TPS TRX consistently handles 2,000 transactions per second, 24x7. even faster than Ethereum and Bitcoin
Tron is very consistent in their marketing and the development of their project, no wonder they reach their spot in just a short period of time.

I think up to 2 percent increase in price of any established coin is not that much big. But in case of tron, the project is good and run by a young, energetic Justin Sun. I think his project cannot fail. He is so energetic in the crypto space that he makes headlines by doing different things (some innovative for crypto) ranging from inviting Mr Trump to talk about cryptocurrency. I love Sun and his project Tron.

When TRONs price dropped, it was caused by Sun postponing his lunch with Buffet and some difficulties with China government. Right now things are getting better, because Sun has announced several exciting features and the price is just recovering but not raising.

Does anyone know at which date the lunch had been rescheduled? I really think the lunch will occur a day or another before the end of the year, and when it will occur Tron price will pump, it's a certainty. So it could be a cunning investment to buy a small bag now IMO... Despite the uncertainty on the issues with the chinese authorities.

Quite a non significant price move. Lot of FOMO in the past week on their social channel and the 2% might be from bitcoin price pump that affected other altcoins.

What seriously?? Are you new in crypto?? only because increased about 2% you make a thread like this?? This is normal in cryptocurrency. Go to coinmarketcap sometimes you will see increased more than 40% and decreased more than 40%

So not about news or anything but because this is normal

A 2% increase is nothing in a healthy crypto trading market with good enough volume. Such low rises can be done bots themselves.

Give me a holler when it moves with a higher momentum, I'll TA it for you. Besides, Tron has been getting a lot of attention lately because of that Warren B. Charity lunch news.

I think it is simply because of the growth in the overall volume in the crypto market so tron has got its fair share and i think it does have growth potential in future too, real bulls in the market are expected when market pushes past 1 trillion in volume for the first time ever.

It is very normal and every cryptiocurrency can do it as long as they are active and well supported by people.
TRON having the price ppump coz there are some people giving the demand for it.
It may go higher or might stop and slip.

Are you serious 2% increase in Crypto space is absolutely nothing, this is not Stock market where 2% gain is a big deal. As for Tron I don't think there is much happening apart from the new update promised by the founder and since the price has been on the downward slope for some days now after the news that the founder was arrested in China

I guess that's a common thing and don't need to be asked.
we can see yesterday's market is green. and if the coins go up by only 2% I think that's natural,
but it's different if it goes up by 20% to 50%, usually there is good news or indeed the chart should be up.

I think Tron is no longer interested in investors because this is an old coin and is not mentioned much in the past time, so it will surely only decrease this year. In my opinion, this investment will have a loss because people in this market are in very poor mood and the need to invest in altcoin is getting smaller this year. I personally recommend choosing a better coin than Tron and perhaps Atom is the new choise that you should consider

Technically speaking, Tron has been rolling through the support since the past weeks, failure to break the support and with any fundamental/technical catalyst, it could break out.

Honestly speaking, it's a price manipulation LOL

I think you should take some time to understand price in crypto.
Because actually, the price of tron has been falling.
The way that coinmarketcap works (and other similar sights), is that all of the prices listed are relative to btc.
So when btc price goes up, autamatically the price of other cryptos goes up.

For example, when btc pumps 5%, then automatically other alts will rise 5% in value.
So if btc goes up 5%, and an alt goes up only 2%, then it is actually losing value.
The easiest thing to do is to click on the crypto you are watching and in coinmarketcap it will show the price against btc.
That is the one that matters, not these general "prices" you see.

I don't think there was really a major hike in the price of tron, if you are in the crypto space for a while now, you should know that the price of virtually all coins in the crypto market is tied to the price of bitcoin and would always fluctuate once bitcoin fluctuates.

In other sense, I am saying that this hike in the price of tron could be caused by the current increase in the price of bitcoin so I don't think it's something to talk about yet until the price begin to see a bull run, I am expecting to experience one pretty soon because I have a bunch load of tron in my possession. I keep on holding around 0.15 million of tron from Feb and I have bought for the prices of 770 satoshi per one tron.

The founder of the Trone very skillfully conducts various public relations campaigns that are constantly published in the media. This affects the price of his coin. I have already stopped paying attention to the feints of Sun's therefore I do not trade the Trone.

if I were you, then I would start trading the TRX if you understand how quickly its price changes. the volatility of this coin helping to makes very good money

TRON has spiked to more than $0.30 during the last bullrun so it dip to its bottom. There is no other direction to go but up. But one reason I guess is that its becoming popular and its easy to get involve to projects than on ETH platform. Dapps on Tron is increasing and its likely to beat the smart contracts of ETH if one day we'd be counting.

Because Tron dumped a lot after Justin Sun recalled the meeting with Warren Buffet and there was much speculation why, if he is arrested or..  ::)

I am sure that the price of the Tron primarily responds to demand.  Now many cryptocurrency users are interested in Tron, since this coin very quickly began to appear on all standard exchanges, and at the same time, this platform occupies a leading position in the gambling market.

Am increase in price of any token in a bearish market is as a result of immense developments and agreement as well as partnerships

So tron increasing in price is positive; dyor and pick your profits

All coins respond to supply and demand. The question is where is the demand coming? Are there fundamentals that makes investors put their money on Tron? I think it really boils down to their leader, Justin Sun, lots have been going on with him lately and I think that is one factor why the price can increase more in the future.

2.01% is a very normal number and it does not show anything. with strong fluctuations in the crypto market, 2% is too low.
there will be reasons when its price increases by more than 10%. :D

where do you think it come from ? its from the peoples pocket because they are the one's that buy this coin  . we are the reason on why the cryptos has a value  .

yes there is  . tron is a useful kind of crypto and there are now lots of projects ( ex. gambling sites ) that are based on the tron  network   .

yeah i do also notice that recently  . justin sun has been on the headlines and i think this is one of the reason for the price hike

many? mention it? Tron makes a collaboration with a real platform. while using their blockchain to make tron ​​chain-based tokens is still very far from ethereum. even with BNB I can also say if BNB has a better platform development.

investors got the interest about the Investment analysis that is the only reason the value is getting up little by little otherwise there is no possibility of development is there in the previous time but right now it had a good time for increasing its value.

Tron is a project that I have also seen that will have its way to the top in future, but I am not sure they will still be able to beat Ethereum, it is not even Ethereum that they need to contend with, they need to iron it out with a lot of their other competitors in the market also, don’t forget that Ethereum is not the only one having chain service, we also have some other great projects that are even quite more solid than TRON, and till date, none has successfully been able to perform as much as Ethereum does.

Do you know that it got to a point where Binance was almost more popular than Ethereum? And despite their popularity, they have still not been able to rise above their present position for us to then say they will meet Ethereum. So RON has lots of competitors, and not Ethereum.

How can you consider 2.01% an hike ? it's just normal fluctuation that happens regularly. And Tron has been seeing some development lately that could also a be factor to consider.

It cannot be considered a hike or a rally at all yet because TRX irrationally lost disproportionate value against BTC recently.

It's a very promising project but because of the endless controversies surrounding its eccentric founder Justin Sun, TRX price has been under great pressure, and I consider these current levels to be massively oversold...

not suitable for discussion if only a 2% increase, I think the tron is declining due to a lot of bad news about tron. there is news saying that justin sun was arrested by the Chinese police so many people are afraid of it. however in fact the news is not true.

 A 2% increase in price? Was it a joke or are we discussing the cost of oil? Of course the project is strong and very promising, but this price fluctuation is not an indicator of anything.

Recently, I noticed that quite promising coins are being created on the Tron platform that will serve gambling, which even today already shows good results.  An example is 888 token or TRONscratch.  Apparently thanks to promising companies, the demand for Tron is growing.

888 token? Isn't that an existing POS token that surfaced several years ago? I remember holding a coin similar to that, was good profits while staking and getting more returns but when altcoins crashed, that was one of the coins to first die. I don't think TRON based tokens will do any better.

888 is definitiely a chinese created token anyway. Means luck.

Tron development announcements are reason but for tron price hike as per their time tron have serious development activities we can expect three times price hike

Mind you that it is not only Tron that is being affected presently, most so called top coins too are also in the same shoe that Tron is, the only difference is juts that they have been in the market for long, see what Monero dumped to, see what Ethereum dumped to, and mentioned many great projects, look at their prices and look at what has become of those coins’ value now, so don’t judge Tron based on the dumpling , but look at the future when the market of altcoins eventually recovers, because Tron would be among those projects that would really see a great increase when the market starts pumping again. They did not just come to market empty handed; they have 2 solid products that would pave way for an increase for them in future.

You call justin sun's magic but that guy is always talking a crap. rather than focusing on the development and research of tron and justin always waste a lot of his money for nothing.
People take their consideration from tron caused by investors need utility usage and they don't need garbage advertisement that wasted millions of dollars.
Tron needs to restructure its company and justin is not suitable becomes CEO again.

Lol, Justin Sun is a shilling God, however, I wouldn't say that he is wasting money for nothing, we don't know what's going on from behind so you can't blame him for throwing money around because he has a ton to behind with.

Yes, it needs some upgrade though, for a coin to be really successful in this game, they need to evolved, specially in this bear market, wherein no one is making money. Tron for example is still down 93% from it's previous high and it might spike a bit, but after that, it's all sideways.

Agreed on this mate,this is the problem about the holders reaction anytime their coins increased with this small amounts they think that it can bring them more profit but in the end turns out just a corrections and the next day will fall again

TRON is a good coin but I think this is younger enough to expect high increase .

Today TRON has a 7% growth and good to see it ways but never expect big for the not to fail high

Well, of course, it's because of Bitcoin. Let's be honest that Tron is just many other altcoins, not yet independent, it still depends on Bitcoin price. And if we saw the development of Tron market cap is not that good compared to many other top tier altcoins. I didn't say that Tron is not a good project, it's just in today's market, Bitcoin still takes the initiative and affect almost all altcoins.

TRON not being a good coin, I don't think so, it's still a threat to some altcoins in the market that is higher that its rank.
I'm continuously watching this coin, last time I remember it was in the top 10 but now down to top 20, but despite of that, I know TRON will still recover because it has a great support from its community.

We can look at its volume as a basis, it's current rank at no. 7 in the market. (https://coinmarketcap.com/currencies/tron/)
And... good thing today it has 9% increase when the altcoins market is in green.

Justin probably made an announcement about an upcoming announcement :) He does that a LOT !

2% is not a big number for the crypto market. This growth was only due to the increase in Bitcoin so TRX increased, just like the normal rule and this is nothing to say.
it is worth saying that the CEO of TRON is trying to make a joke when he repeatedly reminds of his meetings with Warren Buffett even though he cannot do it.
TRX was supposed to get a big discount because the CEO was dishonest. I don't appreciate TRON for having a bad CEO.

the increase in crypto tron I think is reasonable because right now the tron is in a good position and the supply and demand of the tron might be a major factor in the increase in the tron, so if the increase is only 2-3% it might still be reasonable not surprising.