The days of following the crypto trailblazer’s, Bitcoin (BTC), trend in the market seems to be fading gradually, as coins like Tron (TRX) and Vechain (VET) have begun taking the challenge of leading the market irrespective of the prevailing situation.
Since yesterday, Tron TRX value has been swinging around $0.0240 resistance level in the market, despite the announcement of a huge bounty which BitTorrent plans to disburse to TRX holders for 5 consecutive years.
Although TRX once escaped the resistance at the start of the Asian Trading Session yesterday, but later bow to the pressure of the market.
After the huge loss witnessed in 2018, lovers of cryptocurrency are waiting for the resumption of a pressured bullish race which many observers have envisioned to happen only when Bitcoin bounce back to $6,000. Contrary to that, some buyers are only waiting for the announcement of a mammoth news from a coin.
As such, lovers of TRX and beyond, found the huge bounty announcement has a chance to recover from their loss, putting in for more TRX in the market. As buyers takes control of TRX in the market today, the value of the altcoin rationally spiked, escaping the previous resistance to form a new one around $0.0260.
TRX is at the moment on the upside trend, adding 6.53% to its value in the last 24 hours according to Coinmarketcap, as other top cryptos get bathed with blood. While on the rising wedge, TRX seems to be aiming for a higher price that could result into a pressured bull race forcing the coin to breakout from the market dip.
Vechain (VET) Disregards Bitcoin’s Trend, Toes Along With Tron (TRX)
After witnessing a huge fall in the market around mid-European trading session yesterday, Vechain (VET) cryptocurrency took a turn around to ride on the upside trend, shredding off all impeding factors that could bring it down in the market. The dip made Vechain (VET) form support around $0.00392.
Subsequent to the dip, the altcoin, at the early hours of the Asian trading session returned for a bullish race in the market. So far, Vechain has twice escaped the $0.00416 ceiling.
Even though a slight dip was witnessed between the two up rise, forming a valley around two mountains, Vechain is at the moment on the upside trend, threading for a higher value in the market.
According to Coinmarketcap, Vechain has added about 5.51% to its value in the last 24 hours.