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TRON [TRX], Are the bears hibernating? – Sentiment Analysis – April 25

TRON and EOS still trade green as other major cryptocurrencies are going down. The losses for the most of the cryptocurrencies in the last 24 hours have entered double digits with IOTA losing the most. Bitcoin [BTC] has dropped down from the $9000 mark and it at 3:34 PM UTC, was seen to be trading at $8945.96.

Bitcoin started the day at $9697 and after moving sideways for a while, it started declining taking it down till $8799.84. EOS remains as the biggest gainer in the last 7 days with a gain of 61.43% and at 3:44 PM UTC was seen to be trading at $14.24 with a market capitalization of $11.619 billion.

The sentiment analysis segment comprises crypto-related sentiments of people from around the world which are presented as it is to ensure that the readers get a wholesome picture. The expert opinions of people from around the world are concerned with the current market trends and the possible outcomes of the coins in the future.

This segment is carefully structured after interviewing as a group of investors, analysts, skeptics, miners, influencers and thereby recording their valuable comments. This analysis is focused on TRON [TRX] which is currently at the 11th spot in the rankings.

TRON [TRX]

The founder of Tron foundation, Justin Sun’s predictions actually came true as he had tweeted before saying that TRON will make it to the top 10 list. But unfortunately the coin could not hold on to the spot for long and it went down to the 11th spot.

TRON looks green with gains on all the criteria and the coin gained by 53.51% in the last 7 days. At 4:00 PM UTC, the coin was seen to be trading at $0.0709 with a market capitalization of $4.662 billion. TRON peaked at $0.081 before it came down to the present level and is also the highest since the drop in January right after it was introduced into the market.

Jeff Clough, a TRON enthusiast from Southampton says:

“As the news about the coins’ recent developments spread, more buyers are entering the scene and the coin is currently under a strong buy. This RSI signals an overbought position and the MACD shows welcome signs for more buyers to kick in. It looks as though the rally is not over for the coin.”

Nishant Chauhan, a business personnel from Mumbai says:

“Tron may have gained now but the bears are not dead! The coin after hitting the target at $0.80 may drop down to a great extent. But this is no reason to fret at all as the coin shows multiple points where it can have a reversal starting at the $0.070 mark which would gift the coin a huge gain.”

Steven Waistell, a physiotherapist from Brisbane says:

“TRON moved up to the 10th spot when it capped the $0.081 and at that time it had a market capitalization of $5.2 billion. TRON got mentioned on CNBC as being one of the top gainers in the cryptocurrency market. Now all that the coin has to do is wait for the gains after its mainnet launch”

To conclude, TRON’s respondents feel that the coin had been gearing up for this gain for a long time and 63% of them feel bullish about the coin. Another 37% of the TRON respondents feel bearish as they are of the opinion that the coin may come back to the bearish zone.

The post TRON [TRX], Are the bears hibernating? – Sentiment Analysis – April 25 appeared first on AMBCrypto.



This post first appeared on AMBCrypto - Latest Cryptocurrency News, please read the originial post: here

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TRON [TRX], Are the bears hibernating? – Sentiment Analysis – April 25

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