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Opinion: the Upward Momentum of Tron is Still Visible in the Short Term
2019-01-11 20:19

According to the overseas blockchain research platform Evaluape:
1) The main reason for Tron’s recent gains is the coming airdrop of BTT developed by the well-known company Bittorrent; 2) So far, the specification of the airdrop, including the total number of BTT and proportion to Tron, has not been disclosed; 3) In July 2018, Bittorrent was acquired for $140 million; 4) Since Jan 1 this year, Tron’s market cap has increased by $738 million, 5.27 times the acquisition price of Bittorrent; 5) Recently, Gate.io and okex listed Tron’s futures contracts. In view of the recent surge, most people may prefer to place short orders. This easy-to-predict behavior may be used by the long position traders; 6) In summary, the upward momentum is still visible in the chart in the short term, but the risks are accumulating and investors need to stay rational.”

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