TRON leaves Ethereum network! How this will affect prices of of both coins?

Pamplelune

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Quote from: Collinberg on June 25, 2018, 07:26:49 PM

It might improve the price if TRX but I dont think it would affect the price if Ethereum at all, a king is remains a king.

Well, according to big exchanges like Binance TRX trading volumes are back.
But the crypto market is so bearish that it's hard to analyze overall progress for any coin.
We need to wait till top coins market turns green.

Collinberg

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Collectrix-Bridgin the physical and Virtual worlds

It might improve the price if TRX but I dont think it would affect the price if Ethereum at all, a king is remains a king.

Pamplelune

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TRON markets are back on exchanges on 26th of Jun.
Just TRX volumes are low, it will take a while till they are back.

luckyFF

newbie

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Unfortunately, I don't think there is any effect. You can refer to the nearest EOS.

cikey

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Quote from: Grim149x on June 04, 2018, 07:32:43 AM

I have no idea for what effect it has on TRON.

However, for ETH, I don't think it will have an effect. It's just TRX leaving the Ethereum Network.

Yes, I agree with him, so what do you want to expect? Maybe TRX prices will rise a bit in the short term, but not too much.

miracle24

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It has no effect on the Ethereum blockchain really, and if tron blockchain is good enough, it might increase the price of the token.

vit05

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I hope people finally realize that this is a product of a company. That they are not decentralized. That they spend more money on marketing them with the product. And that they will spend a lot of money and will fail miserably.

Pamplelune

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Quote from: tamango on June 14, 2018, 05:36:26 PM

I'm really happy with this decision by TRON community.. not be linked to Ethereum blockchain has many advantages for a big and promising coin like TRX..

Final migration date is close. Let's see how it will affect both Ethereum and TRON prices.
TRON even established small airdrop, something about 1M TRX. Probably another hype movement. Roll Eyes

tamango

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I'm really happy with this decision by TRON community.. not be linked to Ethereum blockchain has many advantages for a big and promising coin like TRX..

Pamplelune

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According to Ledger Twitter the company is willing to work with the TRON Foundation on TRX implementation into the Ledger wallet.

Read more: https://cryptovest.com/news/ledger-tron-support-on-its-way

Pamplelune

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Quote from: Collider on June 05, 2018, 03:07:03 PM

How long do we have time to change our TRON ERC-20 tokens to he new coins? And where we can do that?

Here is a useful article about What TRX holders need to know about the upcoming token swap.

The TRX token swap is being done through exchanges. TRON holders need to make sure their coins are being held on participating exchanges by the deadline, and they will be automatically swapped out one for one.

You can find a list of participating exchanges on the TRON website. As long as your coins are held in your account on any of those exchanges by the deadline, your tokens should be automatically swapped out.

24 June 2018: The last day for making sure your TRX is on an exchange, rather than in your own personal wallet.

TheWalkingCoin

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Tron have lanuched on Indodax market and low get positive respond from bitcoin trader, small person have take action making trade with TRON. There are many not interested of bitcoin member of Indonesia to participated at TRON trade. Not good potential price for TRON to see on highest price. Just be the same price for long time because we see many trader not interested to make TRON trade and investment with TRON. Maybe have another time to see TRON on high price.

kinki32

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Tron capitalization is very overvalued because they only now try to quit from ethereum. And still not showing their github.

lkcoindaddy

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TRON provides users with a completely free and reliable platform for the publication, storage and distribution of photos, audio, video and other data. The platform has open source code and uses the Ethereum network block.

kryptqnick

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Quote from: Pamplelune on May 31, 2018, 04:14:59 PM

Tenth Largest Crypto TRON to Leave Ethereum, Launches Beta Version of Own Blockchain

TRON (TRX) launched a beta version of its independent public blockchain at 12 am UTC, today May 31.
Tron is currently the tenth largest cryptocurrency by market capitalization.

The move to Tron’s MainNet – also dubbed Odyssey 2.0 – is part of a transition away from the Ethereum blockchain.
The full launch of the network’s Genesis block is set to take place on June 25, styled ‘Independence Day’ by the TRON foundation.

Token ‘migration’ will take place between June 21 and June 24, during which investors will be able to exchange their ERC-20 standard tokens on crypto exchanges for an equivalent number of TRX on the new blockchain.

How this will affect prices of TRON, ETH and Odyssey as well?

I think this is like a hard fork for a coin. Some people will support the ethereum-based tron, because at least we can see it's not buggy and is pretty safe. Others will join the new network and try testing it. I suppose both tron and ethereum will have their prices decreased because of this act. And there's gonna be the hell lot of trading going on, since tron's marketcap is billions of dollars. People might panic and try selling their tokens for trx faster, thus invoking the unequivalent prices.
This might be a good move for tron, but it looks risky.

upyem2k

jr. member

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I don't see that having any effect on both tokens. Ethereum is independent while the TRON is also a token with its own ideology behind it project. There cannot be any negative effect on both coins

Jimboqs

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I believe that from this will only the benefits. and I think that this will not affect ETH

Collider

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How long do we have time to change our TRON ERC-20 tokens to he new coins? And where we can do that?

youngsblin

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The THRONE I think will show growth.The Ethereum will most likely not react to this event.All its currency needs in the end to leave the tokens ERC-20 and create their blockchain.

HatDen

newbie

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Of course it will, price will go up when people will interested in the project. TRON worth it to rise

Topic: TRON leaves Ethereum network! How this will affect prices of of both coins? (Read 395 times)