The crypto market surged after the US election, with experts and smart investors naming RCO Finance (RCOF) as their favorite investment. They placed RCO Finance ahead of established players like TRON (TRX) and Avalanche (AVAX), citing its revolutionary technology as the main reason!

TRON Falls Behind: What’s Next for TRX?

The US election revealed a winner, and as a result, the crypto market entered a wave of green gains. Most large and small altcoins surged, but TRON's TRX was left behind. Specifically, while most rose by at least 5% in a day, TRX performed poorly on the daily chart, with the monthly TRON chart showing only a 2.75% gain.

Experts are unsure of the exact reason why TRON failed to join the market rally, but some believe that after the memecoin trading on TRON failed to take off, the market’s interest in TRX has dropped a lot. People are still using TRON for transfers, but the demand for TRX is not high.

At press time, TRX is trading at $0.1606. If it does not gain momentum soon, experts say it could fall below $0.15 in the coming weeks.

Avalanche buys back $53 million in AVAX tokens

Similar to TRON, Avalanche’s AVAX has also failed to follow the market up, rising only 1.34% from the AVAX price a month ago. As a result, AXAX is currently trading at around $26.89.

Recently, Avalanche also bought back $53 million of AVAX tokens from Terra’s LFG, which were purchased for $100 million a month before Terra Luna’s collapse. This is seen as a major step for Avalanche’s stability, as there is a high risk that Terra Luna would have sold all of its AVAX tokens if this buyback had not occurred.

Such a sell-off would be huge for Avalanche, as selling all AVAX tokens would result in a significant drop in its price. Currently, the Avalanche community is extremely bullish on AVAX, with experts saying that if its steady rise continues, AVAX could reach $28 by the end of the year.

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