Hello World,
TRON to be legit or to not be legit that is the question!
A Recent article is now accusing Justin Sun (the ceo of the company) of selling of 6,000,000 TRX
1.Could this be the reason the price has dropped almost 50%?
2.Does this mean that TRON is NOT a legitimate company?
3.What should you do?
I personally don't think this sell off would cause the price to move over 50% on its own. I believe it does have a large amount to do with the pull back but i think its necessary for TRX to continue to grow and the market certainly is accepting of this new price around $.17 from the previous $.3 just a few weeks ago.
I do believe that TRX is a legitimate company. Let me first say as of now i DO NOT hold a position in TRX. But i am planning to take a long term position on TRX after reading their whitepaper i was able to get a fundamental understanding of how the company operates. They clearly describe their organizational structure & process also even how they distribute information within the company all the way down to how their tokens will be allocated amongst their employees.
Tron is trying to solve the original problem the inventor of the internet (Tim Berners-Lee) let go unsolved which is upkeeping the decentralized nature of the internet. All in all i personally believe TRON is a legitimate company however i do think it is highly possible Justin Sun got Dollar sign eyes once that price 10x'd lol he figured he take his profits now real quick being that TRX's trend has been moving relatively slow lately plus its the beginning of the year LMFAO maybe he overspent on gifts lol
- I plan to take a long term position on TRX simply because i believe in the tech and the dev team behind the token you can do as you choose this is what i'm planning to do.
-Much Love
PLEASE NOTE I am not a financial advisor i cannot give you advice specifically. Any investment decision you make is solely at your own risk and the information herein should not be taken as financial advice. Thanks