TWO BIG EXCHANGES LIST TRON (TRX): MARKETS CATAPULTS 31% UP!
Bittrex and UPbit lists TRX!
Great news to all TRX holders, two of the biggest exchanges in the world has listed Tron.
A few hours after this big news, market has reacted catapulting a 31% up!
Too many time waiting for Tron to react lead to many investors started to criticize the project, and FUD appeared.
Now, with this two big listing TRX terminate with the FUD and starts a new uptrend that could lead to the moon in 2018..
Don´t miss the spaceship! :D
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Yeah I am a believer in Tron but If Tron is going to the moon, BTC euphoria will cause that and it will have nothing or very little to do with exchanges added.
Bitcoin catches a big part of the market, but it works too as a big market influencer, when bitcoin goes up, almost all the market goes up..
Anyway, I hope Tron to grow fast enough before Bitcoin have an uptrend rally again and many people join on it.
Bitcoin will have pullbacks as always and people will jump again to altcoins like Tron.
All of that is true, but Tron is in such an early phase that it has almost 0 utility value and price is based purely on speculations. That means for now Tron is completely dependent on Bitcoin's price, if Bitcoin goes up overall cryptocurrency FOMO can push price up a lot. But as I said before adding two exchanges will have only small effect on the prize and it will definitely not be a reason for Tron starting serious uptrend and go to the moon as you mentioned in the post.
No one can predict the future, only make some predictions based in probabilities..
You know how difficult is to get listed in a big exchange now, because everyday hundred of tokens are launched and that means more competition to get listed.
Exchanges are business, and their objetive is making money, so before listing a coin they investigate and calculate if it will be profitable or not, it the think the coin will generate volume and profits, they list it.
In this case, not one but two major exchanges have listed TRX.
This is a very powerful sign of confidence in the coin, they think Tron will generate enough fees to be profitable, but of course they can be wrong..
This strong support for big exchanges, and a incipient uptrend of bitcoin can be a very bullish scenario to TRX to make good profits, because of this I was talking TRX to moon in 2018.
Anyway, as nobody has a cristal ball to predict the future, we must work with probabilities and wait to see what happens at the end.. :)
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