What's reason behind tron's price hike? - page 2.

AdamRay

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

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%. Cheesy

peter0425

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Quote from: Spaffin on August 08, 2019, 04:52:38 PM

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.

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.

cytpoway121

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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

Spaffin

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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.

sorrros

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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.. Roll Eyes

cabron

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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.

Metall303

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Quote from: Hans Groober on August 08, 2019, 06:02:07 AM

Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

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

Hans Groober

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

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.

saaayyyeeel

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That percentage of price hike is not unusual, the unusual is the eagerness of its developer to promote not only his token but the crypto-space as well and he proved that eagernes by what he did and still doing until now, but sad... the TRX price dropped now.

SirLancelot

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

What's the reason behind increasing its price?

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.

chocopapaya

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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.

Xardasim

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2% increase happens in most coins everyday, and not as big as you think. Just look behind, you will even see 50% increments.

Quote from: Saint-loup on August 06, 2019, 03:35:56 AM

“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/

I have read about it too, and it will be nice to see what happens.

zacxavier

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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

Exidous

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Quote from: anjho.ace on August 06, 2019, 04:07:06 PM

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.

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

aliceHortrex

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The throne has long established itself well. I believe that he has great prospects for the future. I am sure that soon it will be 30% more expensive.

glendall

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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.

IParn

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Why did they raise a panic? The throne just ducked a little. Nothing wrong with that. I think that this is not the first or last leap this month. Hold on, we need a lot of patience.

disconnectme

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

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

anjho.ace

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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.

leetcoiner

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It seems to me that the growth rate depends on bitcoin. It grows and others follow it. There is nothing surprising here. Now it’s such a period that all the coins are up a bit.

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