Binance Adding TRON (TRX) To Index Might Also Impacts These Coins -Why?

The most recent announcement from TRON (TRX) is that the coin is now on the Binance and the Coinmarketcap index. This is a move that will give this coin more visibility in the market as it will be appearing among the top coins in the market this year. 

TRON (TRX) featuring on the Binance index will definitely have an impact on its competitors like Bitgert (BRISE) and Centcex (CENX). According to crypto analysts, the bigger visibility shall increase TRX blockchain adoption.

$TRX Price Response This Update

The update was released on 17^th Oct, and the TRON coin maintained an upward trend on the 17^th and 18^th before the bears took over the market today. However, the coin outlook is still bullish, and there is a high potential of TRX rebounding from the current plunge and regaining an upward trend.

There are also many other TRON developments that will make the coin do well in the market. The number of products and projects joining the blockchain is growing bigger, which is one of the reasons why the coin might do well in the market.

Dominica announcing TRON as the official blockchain is one of the biggest news from the last few days. This means that we will see the adoption of this coin increase exponentially going forward. Therefore, indexing on Binance and Coinmarketcap is going to build on these developments.

Impact On Bitgert (BRISE) And Centcex (CENX)

Among the major competitors that might feel the changes TRON is making are Bitgert and Centcex. These are coins that have done well in the market and have been giving TRX tough competition in the market. Bitgert is the toughest competitor and might not feel the effects of the moves that TRX will be making.

The Bitgert project has major developments coming up and has also delivered key developments in the past few days. The Bitgert roadmap V2 delivery is bigger than most of the development that Binance, TRON, and other coins are making.

With Bitgert exchange already released and the recent updates showing that Paybrise might be coming up soon, then we are likely to see Bitgert do better than even TRON.

Centcex (CENX) might also withstand the competition that TRX is trying to put up. With the Centcex team already in the process of delivering the roadmap, it will also be a coin to watch.