If You’re Hodling Tron’s TRX Coin, Consider Waiting At Least a Year to Sell
If You’re Hodling TRX, You May Want to Consider Waiting At Least a Year to Sell
The bear market is continuing for the cryptocurrency world, and many consumers are watching their investments take the hit for it. Tron (TRX) has been hit as well, despite their high performance in December. Some investors are probably wondering if they should bother having any faith in the industry at all, but experts believe that those hodling TRX should wait at least a year.
TRX went through the Tron token migration in July, when over 50 exchanges helped with the swap and even encouraged the pairing of fiat currency. This is something that Binance, Bittrex, and Bitfinex have all witnessed. This is one of the many demonstrations that the various exchanges have seen the potential that digital assets offer, which supports the recommendations to hold off on selling TRX.
Another reason to wait is Project Atlas, which is the file-sharing platform established by BitTorrent. This project provides incentives via a custom token for seeders. It seems that this digital asset could soon become coveted and will support anyone on the network. In turn, Tron recently launched Magic Academy that does something similar. Users have ownership of various items within the game, letting them cash in on the creations. With success, this endeavor could bring in more users and more investors.
Tron Mainnet provides the option for consumers to create their own coins. Essentially, that means that anyone that creates their own coin would then have the option of hosting an ICO on the coin, which some experts believe makes it possible to exceed the performance and stance that Ethereum has. The demand created by ICOs will essentially promote the Tron platform even more. If TRX follows the pattern of Ethereum, then the price could rise to $3 before the end of the year, which would be a more optimal time to sell.
However, all of these ideas are just speculation, at best. There’s no way to predict how the price will change, because the market can go through so many more fluctuations that can alter that prediction. With the progress that the industry is making with decentralization, and how Justin Sun is leading the progress of Tron, these options are becoming a likely reality.