Do you think tron is overhyped?

in cryptocurrency •  3 months ago

View the original post on Musing.io

Yes, I do think tron is overhyped.

Tron launched its network recently yet its value has gone up 14.44 times (Source: https://icodrops.com/tron). That is a huge gain. It takes a long time for a software to develop and stabilize. 

Even before getting a large user base, tron price was pumped hard by speculators and day traders. Such unexpected price movements indicate that a significant portion of tron's value come from speculation.

The moment these speculators decide to leave tron and dump their coins on the market, its price will go down significantly. 

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

To the question in your title, my Magic 8-Ball says:

My reply is no

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.