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Now that all markets have become incredibly bearish, all the positivity has once again left the sector. Although Sunday generally provides a downward momentum, the current deficit is rather high. TRX owners will not be too happy with Tron's current price. The heavy losses cause a lot of troubles on the market, which we could not wait for the moment.
When will the Tron Prize be restored?
Whenever the value of Bitcoin decreases by the least, all other markets will follow quickly. Tron is no exception in this respect, as it also depends on the price trend of Bitcoin. This symbiotic relationship now has detrimental consequences, as Tron loses much more value than Bitcoin. It's not a good trend to end the week, even if there is not much to do.
To put this in perspective, the Tron the price has lost nearly 7% in value over the last two or three hours. As a result of this decline, the USD value of this token has now fallen to $ 0.0234. There is also a 1.5% drop in TRX / BTC, bringing the ratio down to 615 Satoshi. It's red in every way, even though Tron is not the only market to face a lot of pressure right now.
On social media, there is a lot of enthusiasm, regardless of the price to pay at that time. Justin Sun has confirmed that Tron will receive another major upgrade of the protocol in a few days. Several new features will be introduced, including performance improvements and multisig support. A very promising upgrade, to see things.
#TRON will launch hardware 3.5 upgrade to fork on 2/28. New Features: 1. Multi-sig and acct mng, ready for the institution 2. Dynamic adjustment of energy to network performance in real time 3. 50% increase in performance and performance. resource usage 4. Better VM security, event server for Dapps. Go! #TRX $ TRX
– Justin Sun (@justinsuntron) February 24, 2019
Some confusion remains about the correlation between Tron and BitTorrent Token. As Goldn explains, they complement each other to create the "cryptography" experience of Netflix on Android. A very bold statement, because it is useless to compare completely different things with Tron or BTT.
Just in case someone would be confused$ BTT = Netflix $ TRX = Android
BTT + TRX = Watch Netflix on Android
Questions? ????$ TRX #TRX $ BTT #BTT $ TRON #TRON@Trondation @ BitTorrent https://t.co/L5WXyfQcPt– Goldn (@Cryptogoldn) February 24, 2019
In fact, comments like these tend to elicit a lot of reaction. Some people regard such bold statements as clear attempts. WeitBlick, for example, is convinced that Netflix and Android are real, while Tron has not yet kept its promises. A valid argument, but one that will undoubtedly provoke debate.
But #Netflix and #Android are real. #Tron?
– WeitBlick (@Knuddelmuh) February 24, 2019
For now, there is no clear indication of how long this downward trend will remain in place. Until Bitcoin comes back into the green, it seems unlikely that any of the alternative markets will be so. For Tron, this decline comes at a crucial time, because we could expect a bullish push before the recently announced protocol upgrade. This can still happen in the next few days, but for now, nothing is certain.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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