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Crypto investors are patiently waiting for the altcoin bull run to cover the losses of an ongoing market correction. However, it won’t happen anytime soon, and that is the reason behind this increased selling pressure on altcoins including Tron. Here, the main dilemma is to pick which crypto to HODL and which one to surrender.
Tron and MATIC, the top cryptocurrencies have also become part of a dilemma where the communities are eyeing the $1 achievement to make the best of their holdings.
In this blog, let us discuss between Tron and MATIC which altcoin will succeed in achieving $1 first.
Tron (TRX) Price Analysis
Tron is known for its focus on integrating decentralized application technology into the entertainment industry. Earlier, it was an ERC-20 token, but later on, it got its network.
At the time of writing, TRON is trading at $0.1078, facing a downturn for almost a week. The price has dropped 9.79% and 3.64% in a week and day interval. Along with the price, the market cap is also down, where it has decreased to $9,443,994,212 after a 4.63% dip in just a day.
Meanwhile, the trading volume has surged to $430,112,597 after a 30.71% hike. Even after having its best value in mid-March, the TRX hasn’t achieved a value anywhere near the $1. Surprisingly, that’s not the case this month or this year, but the TRX has only surged to its highest value of $0.3004, that too six years ago.
Also Read: BTC Halving Might Be The Best Gift For Altcoins
Based on this, the expectations of the TRX community aren’t much higher than the ATH target, but the upcoming post-halving bull run might change the dynamics of this coin.
Polygon (Matic) Price Analysis
Compared to Tron, MATIC’s price is much closer to the $1 mark, and also it has a history of surging above the $1 multiple times in the past, including last month’s high of $1.2714.
Polygon is an alternative to Ethereum to offer faster and cost-efficient transaction options. At the time of writing this, MATIC is facing a price decline where the value has dropped to $0.6803 after a 21.58% drop in a week. However, compared to yesterday, the price has surged by 1%. The same is true with its market cap, which has also surged slightly to $6,740,404,581.
The maximum improvement is in the case of MATIC’s trading volume, which has lifted around 41.70%, pushing the value to $356,059,605.
Despite the last few bullish months, MATIC hasn’t succeeded in surging to its all-time high value of $2.92, set almost two and half years ago.
Who Will Hit The $1 Mark First?
Though MATIC wins over Tron in the case of price history, Tron gets the win in terms of market capitalization regardless of low value.
As for now, the crypto market is in a correction zone, and no major ups will be happening until post-halving. Considering this situation, none of these cryptocurrencies will surge to $1 instantly. But in the long run, both cryptocurrencies might aim for $1 regardless of their history and current performance.
Between the Tron vs. MATIC, the chances are high for MATIC to take the lead to reach $1 solely because of its better image in the crypto market and recent achievements.
Final Thoughts
Tron and MATIC both are among the top 20 cryptocurrencies listed for their market cap and are loved by crypto investors for their last month’s gains. It has to see how the post-Bitcoin halving bull run will shape the performances of these cryptocurrencies.
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