/TRON (TRX) Slid After Upbit Listing | by | Investing.com

TRON (TRX) Slid After Upbit Listing | by | Investing.com

TRON (TRX) Slid After Upbit Listing

TRON (TRX) had several successful days, but once again succumbed to the general slide in the markets, losing more than 9% on Friday to $0.037. The launch of Upbit trading was greeted, but seems to have caused a slide in prices.

It is unknown whether direct trading against the Korean Won, instead of just other crypto coins, would lead to a radical change in risk profile and a boost to the price. But just hours after the launch, the Upbit market took over 45% of TRX trading volumes, leaving the share of Binance down to 15%. Before, the chief price setting market for TRX was Binance. Additional trading against BTC lifts the share of Upbit above 50%.

The trading premium on Upbit is still comparatively small, but manages to boost the TRX price. Binance lists TRX at $0.036.
The TRON project has been active in boosting its technology, with a recent live stream by Justin Sun highlighting the accomplishments. One of the encouraging things about TRON is the expansion of the team from 10 to 100 people. The newcomers are former experts from platforms like Tencent, Alibaba (NYSE:), and Amazon (NASDAQ:), potentially giving a boost to TRON’s business model.

In a few more days, the TRON project will share its plan on the migration to the main net, expected to happen in June.

#TRX $TRX @justinsuntron, founder of #TRON successfully completed his academic career after three years of study in Hupan university. @TronEspana @TronKR @TronRussia @TronArabic https://t.co/1I2HjFFaOh
— Tron Foundation (@Tronfoundation) April 6, 2018
In related news, Justin Sun starts to stand out as one of the leading crypto personalities, trying to increase the general appeal and popularity of the project, and potentially market TRON as the future of internet communication.This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.