Tron (TRX) to be added on Ledger Nano S. How will price react?

Ledger Nano S is the most popular hardware wallet in the market and anyone who understands the basic idea of crypto has one where he stores and fully controls his coins.

However, number of coins supported by Ledger is limited and only the bigger coins are part of the elite group. Tron could be the candidate that is going to listed next as Ledger official Twitter hinted:

 

 

Tron is controversial coin with a marketing wizz as its head, Justin Sun. Tron is currently in the process of deploying their own mainnet, testing phase is underway until June 24th.

Tron supporters jumped on the opportunity, to show appreciation for possible listing but also to highlight advantages their coin brings to the table.

Tron Wale wrote on Twitter:

Awesome to see you guys incorporating interesting new options, seems like TRX is a great choice, since it is one of the trading volume leaders on nearly every exchange. Everyone will want to keep their TRX on a !

 

Tron has had a pretty weak reaction to the mainnet launch but their supportes are hopeful and continue to wait for more updates. Eventual adding to the most popular hardware wallet could definitely spike more interest in Tron and could generate more credibility within crypto community. The price should also reflect such positive movement.

Some analysts predict that next quarter might be a good one for Tron after Odyssey 2.0 finishes the testing stage. A lot of exchanges are also supporting TRX token migration and investors might still be holding out until this is done.

For now, Tron is following the lead of bitcoin and other cryptocurrencies in the nosedive, a drop whose culprit is possibly, but probably not, CoinRail hack. However, as we reported earlier, the exchange is too small and irrelevant to be the cause of the most recent price slaughter.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Rene Peters

Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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