Many crypto traders woke up this morning to find that the Crypto markets had once again sustained a blow to the guts. Bitcoin (BTC) being the leader of the pack, had dropped to recent lows of $5,800 and helped wipe out close to $20 Billion off the total crypto market capitalization. Both BTC and the crypto-markets seem to have stabilized at the levels of $5,900 and $240 Billion respectively.
Our favorite token of Tron (TRX) (that is soon to become a coin on its own blockchain) has also suffered from the early morning market decline. TRX is down 7.39% and currently trading at $0.040.
Many had expected a TRON Rally in the markets similar to what was witnessed with EOS (EOS) as the project launched its MainNet and prepared for the launch of its very own Genesis block. The EOS launch was during a good time in the crypto-markets. There was was not much volatility as compared to today, June 24th.
The question at hand, is whether the crypto markets have a say on any event related to any crypto project. One is tempted to reference how NASA can postpone a rocket launch due to some ominous cloud cover. The cloud cover in the case of the case of TRX is the shaky crypto markets. But the TRON foundation will go ahead with the launch unperturbed by the market decline. The foundation and community is launching the Genesis block of the MainNet platform. This event will be the summation of all prior activities and events in the project’s road-map of decentralizing the web.
The Tron Foundation has even acquired popular peer-to-peer sharing platform known as BitTorrent ahead of its Independence day. Many have speculated that BitTorrent has always been a cog in Justin Sun’s machine that is the Tron project. Some have even noted that the sharing platform was mentioned 8 times on the Tron Whitepaper.
It is all systems GO for the Tron Independence Day!
Justin Sun has gone ahead and posted a video on Twitter to inform Tron Believers and HODLers that the event will procede according to schedule. The video can be found below.
The current countdown on the TRON Website reads 22 hours to the Independence Day and at the moment of writing this. The Tron Foundation is yet to provide Livestream links to the event but Ethereum World News will be there to inform its readers as soon as this information is available.