TRON (TRX) Test Net Launches Successfully, Price Levels Remain in Question
Cryptovest
Published Mar 30, 2018 10:03AM ET
Updated Mar 30, 2018 11:01AM ET
TRON (TRX) Test Net Launches Successfully, Price Levels Remain in Question
The TRON (TRX) platform is one step closer to its main net, after successfully launching a live testnet. The announcement was made as the TRX market price continued to defy gravity and keep its levels.
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TRX settled at around $0.043, down 11% since Thursday’s peak, as most of the positive news around the launch were already discounted and selling started. TRX got close, but did not manage to return as a top 10 coin. TRX climbed only briefly, but slid to position 11 again.
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On March 31, a live streaming would present the first results of the TRON testnet.
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At the moment, TRX/BTC remains the second most active pair on Binance, a few days in a row. Yet current trading volumes are high only in comparison to other coins which are almost inactive since the December and January pumps. The pair takes up more than 10% of volumes on Binance.
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But TRX has a more diverse risk profile now, with Upbit and Bittrex drawing in traders. Initially, TRX saw more than 70% of its trading happen on Binance, and was vulnerable to rapid price fluctuations.
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The TRON project at the moment presents investors with a relatively low price, and rather grand expectations. A tentative plan has been set for moving the enterprise to Malta to get TRON based in a more favorable regulator climate. Curiously, the TRON project has not had troubles with Chinese regulators. However, in September last year, the ICO was caught in the crossfire, and Binance, the first exchange to list it, offered the option for refunds.
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The next few days will reveal if TRX has enough strength to gain in prices, or if the token would unravel the latest gradual climbing trend. In the past, TRX has risen to $0.20, and the longer period of almost flat prices may start inviting buyers again.
This article appeared first on Cryptovest
Written By: Cryptovest
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