TRON (TRX) Community Hopeful Despite 92% Price Drop From All-Time High
The past few days have been horror for any cryptocurrency investor as the prices across the market continued to tumble to new yearly lows. The current market has seen most of the gains realized at the beginning of the year wiped out with some of the coins dropping over 90%. Tron (TRX) is one of the cryptocurrencies that has been heavily affected by the sell off with the price of the coin dropping to $0.017685 USD, representing a 92% drop since its all-time high in January.
However, the activities witnessed off the charts such as the launch of the Tron main net and the Tron Super Representative Elections give the token’s community a glimmer of hope in the dark times.
In such times, as one of Tron’s community members remarked, developing the technology, educating the public on the project and pushing for adoption is the silver lining to the dark cloud. The member added that this is however not possible without a strong community moving through the times together. The strong will by the Tron supporters and the CEO of Tron Foundation, Justin Sun, ensures the community stays enthusiastic and unfazed despite the long
At the moment the community is continuing to grow in support as shown on Tronscan. The platform has a total of 195320 real time accounts opened with a total of 172 distributed nodes across the globe. The screenshot below from the website shows the key numbers driving Tron ecosystem.
Key numbers on Tron’s ecosystem
Another avid supporter of Tron, Joseph Young, added on Twitter that this was the period for bad projects to be filtered out as it has been since the early bear market cycles witnessed. Once done, the remaining projects (those with actual value) will increase in adoption and value as the market appreciates. “One positive from today's steep crypto drop: All bad coins & projects will get filtered and similar to 2014, most of the crypto in existence will die out. The market has always gone through a bubble-crash-build-rally pattern, this time is no different.” The tweet read.
Future For Tron (TRX)?
As the bear markets continue to pick momentum, Tron and other general crypto enthusiasts and investors will hope for a quick reversal. However, the market seems to head to a longer bear market as experts predict a longer shake off of these useless projects. Tron community and fanatics however do not need to worry as the development team is working on providing the best blockchain platform for all your entertainment needs.