The major cryptocurrencies except for Tether [USDT] are showing green signals. Tether which claims to be at a 1:1 correspondence with the US dollars has come down below the $1 mark and has experienced a loss of 0.39%. EOS was trading at $6 on April 11th before it went on an uptrend to reach $9.18 at 1:35 PM UTC today. EOS still maintains the upside momentum but failed to retain the spot. Ripple [XRP] is also in the green zone with a big gain of 21.87% as its price is placed well above $0.65 at $0.677. The last one-hour statistics for almost all the coins also look green.
A group of investors, miners, analysts, skeptics, and influencers were interviewed and based on their sentiments and opinions on the current market trends, a segment called sentiment analysis is framed. This analysis includes expert opinions of people from around the world which are presented as it is. This analysis will be on the coin TRON [TRX] which is at the 14th spot currently.
TRON has moved a spot down from 13 to 14 about an hour ago from the time of writing. At 1:46 PM UTC, TRON was priced at $0.041 with a market capital of $2.697 billion. TRON has broken the sideways movement and has gained some momentum. The coin was trading at $0.035 and it started climbing up at around 10:39 AM UTC yesterday. It was expected that once the coin breaks the $0.040 mark it would go up. If the price of TRON stays above this level, the chances are that it will go higher.
Casey Griffin, a TRON investor from Bendigo says:
“An inverse head and shoulder pattern is formed and this indicates that there is a chance for a bullish trend reversal. My personal advice to all the TRON investors is to HODL your coins and wait till the mainnet launch on May 31st. The pattern has both high and low peaks but it will take the coin till the $0.20 mark.”
Rick Nixon, an altcoin miner from Hamilton says:
“TRON has finally broken out of the bull flag after bouncing in the flag for a few days. If we look at the MACD, we can see that momentum is picking up and can expect TRON to go up higher further. The short term resistance has also been broken and if the coin stays above this mark it will be a bull run.”
Griffin Hughes, a TRON enthusiast from Mississippi says:
“I have a strong feeling that TRON is going to moon so hard during the mainnet that people will regret not jumping on earlier. Now is the time to invest as it will guarantee a big profit in future. Justin Sun is surely a man with a vision.”
To conclude, 67% of TRON respondents are bullish and expect a hike in the price like the other cryptocurrencies. They feel that the targets set for TRON will be achieved by the coin and it will have exponential growth. Another 33% still feel bearish as the testnet lunch did not help the coin in the short term. However, they are of the opinion that the mainnet launch will decide the future of the coin.