- TRX commences price recovery
- TRX game akin to a Ponzi scheme
Tron price analysis – so far, Tron has been able to display a modest recovery over the last 24 hours. It has passed three significant rice variations in this period and made a total gain of a minimal 0.56%. The range of the variation lies between $0.0130 and $0.0138. Currently, TRX is being traded at $0.01331587.
Previously, the Tron coin was trading at $0.01324118 when it started the day, and over the next few minutes, it began a downside movement. The first significant price variation occurred between 00:29 and 15:56 UTC. Over that period, the coin made a gain of 2.72% that thrust the price of TRX to $0.01343400. The next price swing began at 16:15 UTC and by 19:28 UTC, which helped the coin gain 4.40%. The value got topped to the highest of the day at $0.01382826.
TRON (TRX) Price Today – TRX / USD
Though the price level could not be sustained for long, as between 19:28 and 01:01 UTC, the coin encountered a price decline that made it lose 4.38% and restrained the value to $0.01322439. TRX’s 20 days MA is currently at $0.01329874, and it’s 50 days MA stays at $0.0133168. Currently, TRX is trading at $0.01331587, which is 0.0069% less and 0.12% more than the 50 days and 20 days MAs. The coin will likely gain more in the coming days, the next resistance may be seen at $0.01365667.
TRX Game Akin to a Ponzi Scheme
As previously reported, Justin Sun, the founder of TRON recently promoted a new game that was launched on December 22 on the TRX blockchain. Though, several partakers stated that the game had the feature of a Ponzi scheme. According to them, it is all about buying “boxes.” The more people buy the boxes, the higher the rewards. Sun also tried to buy a box during the online streaming but failed to complete the purchase.
According to Sun, the game is run completely by blockchain without human intervention. The coin has been under extreme selling pressure since the second half of Monday. It seems the previous growth might be due to the pump, established by the game. The displeasure and the claims that the head of the Tron Foundation has been shilling a scam project retreated the luck for TRX.
TRON (TRX) is one of the worst-performing altcoins, the coin currently has a market value of $922 million. The coin has lost over 10% in the last 24 hours and stretched the decline during early Asian hours on Tuesday. Particularly, the coin hits $0.0160 on Monday before retreating suddenly towards $0.0135.