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Despite Crypto Prices Drop, TRON Still Remains Positive

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According to CoinMarketCap, Bitcoin drops by 2.08% to $3,596.43. This seems the biggest world’s digital token fall to a fresh 3 weeks new low recently testing the $3,500 level.

Bitcoin coinmarketcapOn the other hand, Ethereum falls over 5.77% to $118.53. Also, Ripple XRP can be seen down by 2.35% to $0.32478, along with Litecoin slumping by 6.12% to $30, 87.

Yesterday morning, there were few reports showing some attention:

  1. Japan clears that it will not grant crypto ETFs
  2. The U.S. local agency passes the crypto regulations for startups
  3. Bitmain mining giant reveals its management shuffle

There are various factors resulting in these price fluctuations of cryptocurrencies. You can consider it as hacking activities, crypto regulations; blockchain potential education courses, etc. might be the influencing factors. However, the recent news also plays a role for the adoption and denial for these values drop out:

  • Monero (XMR) was again in the spotlight facing clashes
  • Russian legislators are now starting to focus on cryptocurrency laws

Still, among these Tron remains positive while considering the price and volume supply. The Tron cryptocurrency is operating by 4.09% around $0.0237 positive bar. Justin Sun, the creator of Tron is always positive about this specific cryptocurrency to rule the space and become one amongst the leading coins.

Tron coinmarketcapSoon, it seems to fuel up the speed and back off majority of the trending cryptos. Recently, Justin Sun shares an influencer tweet saying:

Yesterday, the 24hr volume of Tron was 1.1B TRX, or say $25M, with its weekly volume as $104M. Till date, there are no other DApps from EOS which seems close to it with regards to a transaction in dollars.

What are your views on the crypto price drop? Share your thoughts in our comments section.

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