Tron (TRX) has been the biggest gainer this past week, gaining an inconsequential yet massive 7% this past week. This bear market or rather ‘sideways’ trading market has maintained the entire market at the current prices for a long time.
There have been a few exceptions like XRP, Dogecoin and a few others which saw a massive momentum and spike in prices. XRP almost doubled in the span of a few days on the back of the xRapid technology taking off. xRapid uses XRP and hence, the community’s speculation that it might pump up the prices.
Tron (TRX) despite many from the community blaming Justin Sun for a “copied” whitepaper from Ethereum, there have been many developments and adoption momentum which can probably lead to a massive spike in prices according to many from the community.
Richard Sharma, a Bitcoin and altcoin investor from Texas spoke to CyclicMint and says,
“I think we are at the bearish market but things can change anytime. Yes, there have been many that have been saying the crypto prices will stay the same for the next three months or even a year. But I think the prices are not going to be the same in the next 5 years.
Thee global debts are so crazy that it is just natural for the markets to crash. No, I don’t think people will turn to crypto then, I just think there will be a realization of more transparency that is required in the transaction and hence crypto adoption will begin. 50 years from now, I think fiat currency will be dead. People will use crypto for everything.
Tron being in the entertainment industry is the biggest factor right there for investors to invest. Justin has been going crazy over partnerships and adoption. Be it in the porn industry or streaming industry. We need to believe that this is the right step into the future.”
Like Robin, many skeptics and believers alike that Tron’s slow yet consistent growth is not to be underestimated. They believe that Tron has the capability to be in a solid position above the 10th slot.