TRON : Prices Still Bullish Despite SEC Security Rumors
Tron, with its BTT ICO sold this week through Binance and considered quite successful, has seen some steady growth since last week and appears to be on a bullish track. However, there are also some negative rumors circling around the coin, but this does not seem to have much influence, making people wonder about their validity.
Thomas Schulz, one of the Founders and CEOs of ChaChingWallet, issued a tweet claiming that he had been warned by "people in the SEC" to stay away from Tron, insinuating that the SEC would likely declare it security, which would cause major ramifications. for TRX tokens.
However, looking at the charts and predictions of Tron's prices over the past few weeks seems to indicate that this might not have an impact on this claim. Whether it's true, or not many consider Schulz's claim to be very serious.
Stay away
In a series of tweets, Schulz argued that TRX was security and the person in the SEC told him to "stay away from TRON." However, the source did not provide further information, which led to much speculation.
Schulz clearly doesn't have much confidence in Justin Sun or the Tron project because he accused them of running a "brutal marketing campaign," continuing adding that "this is not a useful project."
The market continues to move
Apart from these rumors and Schulz's tweet, Tron's price predictions continue in the upward trajectory. TRX rose four percent last week but was quite stable the previous day. All the same, the simple fact is that prices are trending above the main support and breakout levels at 2.5 cents.
There is a lot of excitement and movement around the TRX market today, especially with the release of BTT tokens and business roads and adoption.
There has been no major breakthrough in prices, but the facts show that there is growth despite efforts to spread fear, uncertainty and doubt but Tron can look for price increases for the long term over the next few weeks. Because the price of TRX oscillates in an up and down condition, any technical decline should be a buying opportunity with the first target at 4 cents and then 6 cents.
Note:
Investing in cryptocurrency is very risky and speculative, and this article is not a recommendation from me to invite you to invest in cryptocurrency. Please do your own thorough research before investing in cryptocurrency, hopefully 2019 will be the best year for all of us
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