Why doesn’t TRX coin rise?
Why doesn\’t TRX coin rise? Editor\’s note: This article is from BlockBeats (ID:
Why doesn’t TRX coin rise? Editor’s note: This article is from BlockBeats (ID: blockbeats) and authorized for reposting by Odaily Star Daily.
Why doesn’t TRX coin rise? In August 2018, after Bitcoin broke through the $30,000 mark, the word “0” became the key word for Bitcoin price. But due to the lack of confidence from mainstream investors in Bitcoin and Ethereum network congestion, the price of Bitcoin plummeted by more than 50%. It continued to decline until the beginning of 2019, reaching a low of nearly $20,000 in early January. However, shortly after, the price of Bitcoin continued to fall to around $60,000. So for Bitcoin, if it cannot rise steadily like it is now, can it become a safe asset?
We can understand the reasons for TRX coin from three points:
1. It is decentralized, allowing anyone to access and use it to create, issue, or trade cryptocurrencies.
2. Its value comes from the consensus algorithm of its holder – the on-chain behavior proof mechanism.
3. It has the ability to help people resist external economic shocks.
4. This system is completely open and verifiable (no need for third-party permission).
5. The biggest advantage of this system is that it allows individuals to participate in various types of economic activities without the need for central entities to coordinate.
In addition, in order to achieve this goal, the TRX token has received active support from many developers.
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