Most times after a highly anticipated event takes place in crypto, prices tank. That’s because the pre-event pump is usually driven by speculation and after the event, speculators take profits and move on to the next big thing. This explains why some analysts are speculating that Tron (TRX) could tank after the main net launch. However, this scenario is highly unlikely. That’s because the Tron calendar is full, all through the month of June. There will be a series of big news that are guaranteed to push up Tron even higher after the main net.
First, a number of exchanges have announced that they will be supporting the Tron migration on the 21st of June. Cryptopia is one of the exchanges that have made this announcement, together with several bigger exchanges. The three biggest exchanges that will supporting the Tron migration are Binance, Bitfinex, and Bittrex. These three combined make up for most of the global crypto trading volumes. As such, their announcements are guaranteed to continue pushing up Tron (TRX) immediately after the main net launch, simply based on their huge volumes, and the influence they have in crypto sphere.
This will then be followed by the super delegates’ election on the 26th of June. This is another highly watched event since it will entail electing the people, who will decide the future governance structure of the network. Going by some of the participants in this election, it is clear that the future of the Tron network is safe, and this will further add to the Tron buying pressure going forward. For instance, Game.com is one of the entities that will be running for the Tron super representative position. If they get it, then it will mean that Tron can leverage this to make an entry into the global gaming ecosystem. This will further anchor Tron’s value going into the future. That’s why this is a huge, and much-awaited event, one that will anchor the value of Tron (TRX) not just in June but also in July and beyond.
Beyond June, Tron will mostly be driven by the resurgence of the entire market, and the fact that it is poised to become one of the most powerful blockchains in the market. Tron is fast, cheap, and highly scalable. With its recent partnerships with the hydro protocol, Tron has anchored itself as the fuel that will drive the march towards decentralized crypto exchanges. That’s huge, especially now that centralized exchange security is being put into question more than ever before.
With all these factors at play, it won’t be over ambitious to expect Tron to hit at least $1 before the end of the year. Actually, it could easily end the year at valuations far higher than that. In essence, there is no reason for someone holding Tron to fear that it could tank after the upcoming launch. This will be just a precursor to a much bigger bull run and HODLERs will reap big!