TRON TRX: Great Chart, Bad Time to Buy
TRON TRX has one of the strongest price charts in crypto right now, and I actually like TRON more than most altcoins I review. But that does not mean I want to buy TRX near all-time highs.
In this TRON TRX crypto review, I look at the good and bad of TRON: the strong chart, USDT transfer activity, Justin Sun’s marketing, TRON’s survival odds, and why I think TRON has better fundamentals than many other crypto projects. At the same time, I explain why the $35 billion valuation, the reliance on USDT transfers, third-party dependencies, founder risk, and the lack of full on-chain internet infrastructure make me cautious.
TRON may be one of the stronger altcoins, but for me, buying near all-time highs is one of the worst possible times to get in.
Timestamps:
00:00 TRON TRX review and the $35 billion valuation
00:24 Why TRON looks strong but has major limitations
01:12 TRON near all-time highs and the cliff risk
01:58 TRON metrics, transactions, and ICP comparison
02:48 Justin Sun, marketing, and TRON’s survival odds
03:13 Why I liked TRON at $0.05 but not near $0.37
03:54 USDT dependency and the TRX value capture problem
04:17 Founder risk and why TRON is still better than most altcoins
05:01 Final thoughts and more crypto reviews
This is not financial advice. I am sharing my personal opinion and research for educational and entertainment purposes.
Schedule a Zoom Call and Record a Video with Me
https://jerrybanfield.com
Subscribe for more Jerry Banfield!
ICP Crypto / @jerrybanfieldicp
Crypto Reviews / @jerrybanfieldcryptoreviews
Stories • Jerry Banfield Games
YouTube Coaching / @jerrybanfieldyoutubecoach
Dating / @jerrybanfielddating
Everything Else / @jerrybanfield
Sincerely,
Jerry Banfield