TRON (TRX): Here is Why June 26 May See The Price Recovering
The TRX digital asset may unpair from the pressure of Bitcoin as Tether (USDT) trading was introduced.
TRON (TRX)is counting down days to its next milestone - the Super Representative elections happening on June 26. More and more representatives are campaigning for the elections. But the most significant event is the expectation that the TRX market price would finally awaken.
https://twitter.com/justinsuntron/status/1006745467999301632
The triggering factor behind this is the introduction of Tether (USDT) pairings on Binance. The exchange, which has the largest Tether wallet in existence, has been spreading the USDT asset, letting it move beyond Bitcoin and into select altcoins. This gives the coins an alternative price path, where the final value is determined in trading uncoupled from BTC.
TRX lost more than 27% in the last week, as the markets turned to red and continue the slide. TRX traded at $0.043, down a net 9.3% in the past 24 hours alone. Now, TRX might have to fight to regain positions, and hope for a positive effect from the elections.
TRON has taken care to create a simple and intuitive voting process through its wallet, unlike the EOS vote which relies on third party sites and command line prompts. The requirement is to freeze TRX tokens for three days in order to vote. However, it is unknown how many new TRON wallets are out there, and how many withdrawals from exchanges would be needed.
On a more positive note, the Ledger team has reached out to TRON for achieving the best way to include the TRX asset in hardware storage. The biggest challenge would be to create a cold storage wallet that also has functionalities to lock tokens and vote. But just the inclusion of TRX on the popular hardware wallet would help the project spread to a wider group of investors.
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