[BTC] is hit by the wave of the Bearish market. BTC currently is experiencing tough times gaining back what is lost in the run.
At the time of writing BTC was trading hands at $3,662.18 and shows a overall small decline on 0.98%.
The current market cap is read at $64 billion. Whereas Tron’s market cap is at $1.56 billion. Compared to the size and strength, Tron is doing extraordinary in the market.
TRX actually saw a growth of almost 15% this month being one of the highest performers in the market. On the other hand BTC shows no growth on all cryptocurrency exchanges. On BITFINEX the coin shows a decline of about 10% over the month.
On 10th of Jan as the market was seeing bearish trends Tron was doing well compared to other cryptocurrencies. BTC saw a decline of almost 16% where as Tron[TRX] recorded downturn of almost 6-7%.
It is difficult for BTC to get back in bullish trend. The bears have been in charge of BTC for over a long period now. As reported earlier it’s a make or break situation for BTC.
If we look at the growth chart of BTC, we can’t see any green figures at all. It is time for the management buckle up and get ready to Bounce back.
Furthermore, we can say that compared to BTC, TRX has been fulfilling market needs. Except for the current market drops TRX has been showing the markets that they are the real competition.
Tron is ensuring a the investors a secure future with more amenities and with more facilities than any other cryptocurrency.
In a recent tweet reply by Justin Sun, CEO of Tron Foundation assured that investors investing in the long run will not only receive TRX but also BTT token.
— Justin Sun (@justinsuntron) January 10, 2019
Following a drop in the price of BTC from $4,036 to $3,503, traders expect the dominant cryptocurrency to fall below key support levels in the low $3,000 region, possibly below $3,300.
If this market keeps on showing bearish trend then the prices are expected to see a downfall for a short period.