TRX is totally manipulated. I'm 100% sure it won't move until the investors/founders of Tron decide it's time for it to move. You can check some big token holders in etherscan.io and see some are buying and selling large volumes constantly. Fun fact: go to their telegram group and raise this issue. You'll get served with a PR BS story about how marketmakers are perfectly normal (I don't think so, not in this manner).
Some reasons why they are keeping the price low:
- they went parabolic last year (withouth any tech, only marketing) and then crashed dramatically (from 0,32 to 0,03 cents). Reason: PR debacle (CEO was only shilling and overhyping) + plagiarism in their whitepaper.
- now they want to prevent this from happening and build tech first.
I actually think this is a good move to make it more sustainable for the long term. On the short term it's totally f*cked up, because basically they are acting like the Chinese government. I'm a believer in free markets for crypto so the idea that someone controls the movement of the price is something I don't like.
But hey, if trx hits 1 usd in a year, i'm happy!!!!
Some reasons why they are keeping the price low:
- they went parabolic last year (withouth any tech, only marketing) and then crashed dramatically (from 0,32 to 0,03 cents). Reason: PR debacle (CEO was only shilling and overhyping) + plagiarism in their whitepaper.
- now they want to prevent this from happening and build tech first.
I actually think this is a good move to make it more sustainable for the long term. On the short term it's totally f*cked up, because basically they are acting like the Chinese government. I'm a believer in free markets for crypto so the idea that someone controls the movement of the price is something I don't like.
But hey, if trx hits 1 usd in a year, i'm happy!!!!
I can totally get your sentiment here. I hold, with some caution, a few alts that I KNOW for sure are 100% manipulated. Not TRON but Ripple and Verge are two I can mention. I got into both knowing full well what I was doing, have no plans to hold longer than I can keep making profit (For Ripple not achieved but for Verge already got back investments so holding the bags for what it's worth).
But with TRON it's the same thing. Big whales holding. Marketing and hype to bring price up. Even the scams on Twitter tell you how hyped it is.
