Tron’s Blockchain (TRX) has been launched but the cryptocurrency goes down while Bitcoin moves at 7,500

Tron (TRX) has launched its own blockchain, on the occasion it has also held a long live on youtube, however the market has not reacted positively. In the first part of today the TRX cryptocurrency is down by 4 percentage points, it is thought that this is due to the conditions of the market in general that in this period is going through a negative phase, even if in the last two days there has been a recovery there do not seem to be particularly positive signs; as long as the bitcoin price remains below 8,000 there is the possibility of it coming back to the average value, however, in a recent tweeted post, Ripple CEO Brad Garlinghouse said the strong correlation between bitcoins and cryptocurrencies altcoin will end soon, investors will understand better the differences between the different cases to use of the crypto and we will see a more rational market, at present there is a strong correlation between bitcoins and altcoins, when the price of bitcoin goes down, the altcoins follow the trend, this penalizes the projects that in reality do not deserve to depreciate. John McAfee believes that short term traders are the scourge of progress because of their mediocrity in trading, to make money through trading it is necessary to take long positions (ie buy a certain asset) and hold the investment for at least 18 months he said.

About Emanuele Brizzi 27 Articles
Emanuele is a freelance journalist, an expert in financial technology, he follows daily market trends. He graduated in economics in 2013 and has been interested in blockchain since he read about Bitcoin several years ago. The author loves to write about cryptocurrencies, his attention is focused on news that periodically emerge from new and existing projects. Email: brizzi_block@altcoinews.it

Be the first to comment

Leave a Reply

Your email address will not be published.


*