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Tron [TRX]’s look book for the first quarter of 2018 – 88.8% performance increase against Bitcoin [BTC]’s

Sthuthie Murthy



Tron [TRX]'s look book for the first quarter of 2018 - 88.8% performance increase against Bitcoin [BTC]'s
Source: Pixabay

There is no looking back with Tron’s popularity in recent times with the main focus on the Test net launch. Here is a look back at how TRX performed from the beginning of this year with some data compilation from Google trends and other sources. Test net was launched on March 31st and created a lot of noise in the entire market and the Main net is scheduled to release next month.

Justin Sun tweeted:

“TRON’s performance Q1 analysis: TRX/BTC on Jan 1: 0.00000320 and on Mar 31: 0.00000604. TRX increase for BTC in Q1: 88.8%. The launch of test net in Q1 is just a beginning! We will launch our main net in Q2!”

TRON [TRX] has had an increase of 15.54% in its volume from the last 7 days although, the price still remains close to $0.03. The prices have fluctuated dramatically ranging from as low as 1 cent at the beginning of the year to an all-time high of $0.04 in mid-March. According to the mapping of Google trends data onto the CoinMarketCap graph, it is evident that the public’s interest coincided with TRX’s price. In simpler words, the number of people who look up for Tron on Google, the higher the price gets or vice-versa.

According to Justin’s tweet, TRON’s performance in its first quarter is 88.8% more than that of Bitcoin’s.

Shane Ileac, a TRX holder tweeted:

“People need to understand that TRON is in its early stage of development and it’s not going to grow into a money tree overnight growth has many factors and Justin Sun and the Tron Foundation are putting them all in place. We are the future, TRX.”

Jeremy, a Tron enthusiast said:

“Tron has a great team, great leadership. Connections with Chinese government. Facebook and another social media tanking. USD and Chinese currency falling, Jack ma and Ali baba. Do the math. Not a trash coin, the white paper was revised. Tron has an excellent future.”

According to the analysis and statistics, a lot of people gave attention to Tron on a comparison to Litecoin and Ethereum, both of which are years ahead of Tron’s ICO date.

Marc Zwygart, a Twitterati says:

“Completely manipulated. Let’s talk about the 80% decrease in your coin because of your failures. Whenever you post something like this, the price of coin will go way down. Please stop making announcements.”

Alex Sokoban, a TRX holder tweeted:

“Oh, Christ!! The King has spoken, now another dip in TRX price. Why the market can’t already price in for all the Justin Sun tweets so that we can continue to climb afterwards? Only if I can set a time delay on his tweets I’ll swing trade thousands into millions.”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.


WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order




WAVES/BTC hits a dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Source: Pixabay

Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.

Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.

Source: TradingView

As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.

Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted

“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”

Another user @BITCVIX tweeted:

TradingView commented on this matter saying:

“Something strange is always happening in the #crypto market”

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