Tron is a piece of shit and it should be shorted way down to at least keep in line with btc. Bitcoin is down over 30% this month and yet Tron is only down 11%.
There’s nothing unique or innovative about Tron. It has cheap fees because it is a shitty network run by shady Chinese mobsters.
Justin Sun treats Tron like his personal bank account which is why he’s going to such lengths to manipulate the price and scare off shorts. Justin Sun is openly manipulating Tron price and I think he will be destroyed for doing so. You can’t manipulate prices this much without exposing yourself to high risk. He’s poured literally billions into the ecosystem this week, which to me looks like a reckless gamble.
Honestly if coins like Tron are doing better than 90% of other coins then I want nothing to do with crypto. It has to go back down or the whole crypto ecosystem fucked.
Let me be clear, I think there’s a place for Tron, but it isn’t in the top20. I’ve looked at every coin in the top 500 searching for projects that are over and undervalued and to me, Tron looks like a highly over valued project. There are multiple smaller projects with more advanced code and lower fees that are trading for 1/100th the price of Tron.
TLDR: I shorted Tron @.059 and it’s starting to hurt
