What’s worse, the token’s price continued to drop, and it’s currently still dropping as we pointed out at the beginning of the article.
TRX’s price continues to fall along with most of the market, and it only saw a tiny bump after the announcement made last week.
Tron’s update of TVM, the Tron Virtual Machine to assist in the creation of smart contracts and independent blockchain also seems to have impacted the price of the crypto just a bit. Overall, the positive development of Tron sees little reflection in market value.
The addition of BitTorrent can be beneficial in the long run
2018 definitely triggered a high interest for crypto projects and the blockchain technology and the last part of the year might transition into a search for legit reasons to use cryptos.
Justin Sun and the Tron Foundations still have to detail their plan for torrenting on the crypto’s platform, but they have already proposed an intention to incentivize participation.
Crypto market valuation
The total crypto industry fatigue may lead to investors having fewer concerns over what projects are improving or forming new exciting partnerships and instead create all the necessary conditions for an exodus to try and catch the market cap bottom.
After the proposal of a Bitcoin ETF coming from the Gemini founders, the Winklevoss brothers, the market took a negative stance on crypto in the short-term again, and it’s now contributing to Bitcoin-imposed volatility on the overall industry.