There are thousands of blockchain projects in the world. In the many, a considerable amount are scams set to take steal investor money. And of those, a number have grown in prominence. One of the projects that have often been attacked and considered a scam is Tron. But is it?
A new report has attempted to answer this question. If it is, this could allow investors to exit, possibly crashing its price. If it’s legit, then investors will be more confident investors and will possibly attract new investors.
Simply put, the findings of the report are that Tron is legit. in fact, it notes that Tron is more legit than 90% of blockchains.
“The facts are there to prove that TRON is a real business. Probably more real even than 90% of blockchains we’ve looked at. The project currently hovers around a $1.1 billion market cap, already acquired BitTorrent and Steemit, and Justin recently palled around with Warren Buffet. Clearly, TRON’s pragmatism for creating wealth has attracted a thriving community. Our benchmarks…which compare TRON to 40+ other blockchains we’ve chainwalked, can confirm its success.”
From the report’s conclusion, it’s clear that Tron is not a scam. But why do people think its one?
Tron No.1 Issue
The biggest reason that Tron comes under fire is because of the man on top. Justin Sun has been involved with a couple of scandals, this range from buying Twitter users to unnecessary hyping Tron and some of its developments.
Justin Sun is a prominent and influential person in the crypto space, this makes him a target. And as such Tron will always be a target as well.
TRX Price Update
With the report, Investors can confidently continue investing in the project. TRX is at the time of writing this exchange for just over $0.016. This follows a 2% increase in the last 24 hours.
Bulls are currently attempting to break above a $0.018 local high before reaching highs of over $0.020. its local low is $0.014, with confirmation of a bearish trend set at $0.010.
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