TRX TRON - JUST WHAT EXACTLY HAPPENS ON APRIL/MAY 31'ST
TRX TRON - "Is it just me? Or does it feel that there's something going on with tron.
The sudden jump/spike in traffic.
On the 26th of April we saw that HUGE SPIKE to 2.5B volume (Which coencided with an anouncement via twitter, from Justin Sun - Regarding SUPER REPRESENTATIVE ELECTIONS)
We then see TRON just over £800 million volume. (All be it no reduction in market cap)
Oddly being that it's market cap has only moved upwards.
To a novice this would make sense. Added investment would see a market cap rise regardless.
It's often the case that decreased volume per day. Will vastly reduce the market cap of a token/coin!
Now lets tackle that elephant in the room? If a market cap is not reducing, we must ask the question, WHY?
This the reduction is that of 1.7 BILLION DOLLARS - This is a vast reduction. Able enough to reduce market cap!
Unless, these tokens are being locked in?
LETS ALSO TAKE IN TO ACCOUNT ALL OF THE FOLLOWING
SUPER REPERESENTATIVE
28th of April see's the INTRODUCTION OF TRON SUPER REPRESENTATIVE ELECTION - Yes it's nice to become made aware of such a thing. Although there's one thing to be shown, it's an entirely different perception to truly know.
Now what exactly is a SUPER REPRESENTATIVE (SR)
A super representative's key position is to oversea 1 million users per SR.
There will be a total of 27 SR - whom sole purpose it to keep everything together and running smoothly.
Don't worry they will be paid handsomely, a total of 1 Billion TRX will be divided among them yearly.
Although why, when the SR ELECTIONS are not to be held until the 26th of JUNE. Yes you heard that correctly.
Why are we now seeing growth?
Can it be due to the SR ELECTION! It's certainly a possibility.
Or
Could it be a simple pump and dump? It's happened many times before.
ALTHOUGH AS ALWAYS THERE ARE MORE FACTORS BELOW
EOS MAY HAVE A PART TO PLAY
We need to also accredit EOS for rattling the market with great force. A token which has simply no value and in which a buyer never truly owns. Is this the reasoning?
BITCOINS MAY HAVE A PART TO PLAY
We also find an extreme rally from all of them loyal Bitcoin subjects. Trying desperately to defend their beloved Bitcoin, from take over. As the bulls rally to protect, they as always, are tethered to each other currency. Which see's positive gains in value with each bitcoin rise. So in essence we find that with each tare away move Bitcoin makes. It drags it's competitors along for the ride.
All that is left for Bitcoin to stay at the top, is to sell up and move on. Sounds drastic! Although bitcoins power on market waves is strong. An could be the trick needed to scare the market from their prize top spot.
Would a mass sell off only acerbate the situation? Has a mass of Bitcoins loyal base jumped ship? Leaving Bitcoin at the bottom of a pile burning.
What ever is the case I am sure Bulls will feel this way and will defend with all there might.
Is this possible when EOS has such a ACE UP THEIR SLEEVE That it can take the top spot
(More about this is our next write up!)
MANY FACTORS AT PLAY
As you can see there are many factors involved in the sudden and abrupt jump in Tronix value. Many external and one very pinnacle internal SR ELECTION move. It could be that the ever closer MAY 31'st is dawning.
As we know an hour is an age in the crypo world.
A month seams like light years away.
I think if we study both actual projects and watch the presentations by the project leaders like @dantheman then the problems these projects can potentially solve in the future, a lot of things incl. the rise in price makes sense.
It's likely we'll see a rise in the price until bitcoin falters next, because it's some way to go until Main net launch still.
However, it's likely both will rally much higher and beyond their launch date. or over time.
Keep calm!
Coins mentioned in post: