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TRON [TRX] post the Main Net “disappointment” continues to drop – 10% this past week!

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TRON TRX main Net disappointment
Source: Pixnio

A lot of people including non-TRX investors were looking at TRON closely during their Main Net launch. The anticipation and wait had multiple media channels frequently dishing out redundant click-baity articles to feed the content to news-hungry TRX folks.

The Main Net launch which was live streamed on Youtube had only 250-400 viewers during the whole time. During the launch the palpable excitement was missing and Justin’s regular updates about “Reaching the Top 5” seemed overly ambitious.

TRON [TRX] at press time was trading at $0.057 to a token witnessing a 6% drop in the past 24 hours and a 10% drop in the past week. TRX is the only token in Top 20 to be in the negative on a weekly price point comparison.

TRX's continuous drop

TRX’s continuous drop

Currently at the 10th position according to the market cap which is currently at $3.8 billion, TRX’s drop by another 6-7% would mean an imminent drop to the 11th position (considering NEO experiences a positive price movement)

A look at the search traffic on Google shows the gradual drop in organic searches for TRON whereas EOS who also had a Main Net event not only showed a positive response in terms of price movement but also registered double the volume of organic searches on Google.



TRON’s main net transition or the actual token swap would only take place later during the month around the 20th. The TRX community believes the real value is not in the price but in the product and they believe post-June end bulls will visit TRX again.

Remy D’costa, a software engineer from Tanjavur says,

“When the entire world is cursing TRX you should buy. Trust the HODLers, they know best. Justin has always delivered, give it some time. I believe if not Top 5 atleast in the Top 6 for sure.”





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Andrea Pierre Jackson is a contributing News writer at AMBCrypto from December 2017. She has previous writing experience with major publishing houses in the UK and the US. Andrea currently does not hold any position in any cryptocurrency or its projects

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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