Topic: Tron (TRX) Time is Here ! What about a new ATH (Read 186 times)

I know luna and ust may be going through the worst period right now but I don't see why you think investors will now focus on trx and used, people, don't like that network for whatever reason so I doubt trx will be the next to perform as luna.
Investors are already not happy with whatever is going on with the terra luna ecosystem, can you believe luna is $0.89 as I type now! This is insane.

IMO, based on my experience TRX price achievements is not that convincing, because I have been following and using these coin since 2018. but since then it has not been achieved a much higher price compared to other coins in the market with the same caliber, because TRX price was only reached its ATH at 0.23 cents if im not mistaken, and for me, it was far from other coins in the market base on price achievement that's why I don't believe that TRX will achieve another all-time high at the moment.

Since LUNA UST has been the talk of the town lately, they made a fatal mistake I became doubtful about the coin stability that DeFi was on when they were originally built. I don't know about USDD, but as long as not many people believe it, I can't believe it either. I'd rather use USDT, and for the time being I'd rather avoid stable coins that are on DeFi.

Good post, thank for sharing the information, and TRX has a future prospect and i believed this is reason why tron could dip as other coin has been on dip position. Assume market is not experiencing bear market, tron has been pump by now, never still tron we reach $1, just a matter of time. and still the best time to buy and hold.

Old is gold thats called a Punch Line haha

Well its the fact that the Old chains are more stable as you know about TRX performance thats extremely appreciated but on the other hands many other chains as SOL disappointed continuely

Well, I am using TRX for years and I like it! Cheap and fast transactions, nice and easy-to-use wallets! Some gambling DApps are great, it's how I find out about dividends in casinos for the first time! I still use TRX and I am getting some from staking on more places...

But some people don't like TRX generally, they don't think it's decentralized as they claim they are! There are other things as well, but I didn't find it important to remember all! I like it and I use it, I would like to see it higher and that would be great for me! Maybe it's the right time for TRX to make new ATH!

So this is the reason its been pumping. Traders were also asking in the trollbox why TRX was going up while every other coins are down. The update is not very timely in my opinion so I'd be waiting for its dump still despite that burning mechanism. That 1.6 Trillion TRX is probably just 5% of Justin's stash.
I wouldn't expect much from this project anymore because of the timing itself.

I am holding some TRX and I have been waiting for months now for it to really jump and fulfill its full potential in the marketplace. In the past, there was a good amount of hypes on TRX but these days they have become very silent...like a dead night winter, I would say. Justin Sun is one of the few crypto personalities I admire...and I am expecting him to lead the fight to make TRX as relevant ever.

How an earth would 30% yield be sustainable with stablecoin? Also there are ton of risks in UST already so it might be a bad example to compare to. I might be biased on this as i don't like Tron at all and use it only for some smaller micro transactions. I wouldn't trust bigger sums in it even with tron based usdt.

I don’t know exactly why this new stable coin will give benefits to TRX on reaching the new heights in terms of price. This is just another stanle coin that backed huge investors so how come TRX holders will directly benefits on it in the long run? Tron investors is just using it for hyping there token and nothing more. I expect that TRX will dump soon once no one already buying the hype of this new stablecoin.

BTW I thought Justin Sun is already out on Tron decision somwhy the he is hyping again the Tron?

try reading this
https://www.coindesk.com/markets/2022/05/04/revolution-promised-by-trons-justin-sun-looks-like-clone-of-terras-algorithmic-stablecoin/

there it is explained that justin sun will release a stablecoin, and he claims that this stablecoin is more decentralized than the current stablecoins. the stablecoin itself is named USDD (decentralized USD)

I haven't seen about this good news that Tron has released a stablecoin, can you provide me proof of this as I have absolutely no idea that Tron has a Stablecoin because in the past there was no such thing. And for Tron itself, I think it is still in a very good category to choose as a future investment.

Now the 30% Yield pick my interest on the new USDD that's quite impressive and can certainly bring in more users to the network. So this is the reason trx is pumping in the midst of this blood bath the crypto market is currently facing, interesting Justin Sun will always manage to get peoples attention one way or another.

ever since tron released stablecoins, the project has found its hype again. but for new ATH, I'm not sure for now. because the market is not very supportive for it. the crypto market crashed since last month and continues to this day. when compared to other altcoins, tron is lucky to be able to maintain the price to date. this may be the impact of this good news.

Tron should have done more better than this, because the Blockchain itself is wide and have hit more than this current price before.. base on my expectations for Tron it should have reached 0.5$-1$ before now.
Tron should do better.

Only the impact of the Ventures will show the USDD power i am pretty sure that now more projects will be in marlet to grab a hyped opportunity as UST made a way and USDD came into being now Near is also working on the Alogrithumic Stable Coin and ADA already announced their Algorithmic coins future.

It will be interesting to see now crypto reason if you notice top 10 4 coins are stable coins it represents the true decentralized assets distribution. Market will be now more Decentralized in terms lf Stable assets as Now more Holding Choices available.

USDD Will it be truly decentralized and the owner of the smart contract will not be able to lock these tokens?
A very cunning company has gathered in this project. If Alameda Research is present, it will be a lot of fun.

I think Explanation and Facts Require Words but what if he make image explanation more attractive and short

Tron is struggling from a long time to retrieve its value but now its looking like that will be a piece of cake for the TRX foundation as the major developments are ongoing with the projects. I think its a bit late but its worth it its trend for the algorithmic coins. In my Point of view that will be interesting to see how it performs in the panic situation.

Great Post, Well you are totally right Old is Gold, all they need is some strategy but i think sol and avax are trying to degrade trx platform, and they didn't want it to grow, as it has the lowest price of fees, it's just my speculation. Tron entering the meta could also take it to 1$, but as far i am concern with this token, it has high competition and it has to struggle more to get into piece

And plz try to write more but in less words thanks

TRX is making a good movement in a bearish environment and I will not be surprised if Tron will hit 15 to 18 cents in the coming days there are many reasons for that explained below. I am not sure about ATH but i am quite sure about the heavy rally in the TRX in the coming weeks if the market Crashes more TRX will Resist its value because of BTC.

Why its TRX Time:



It is TRX because TRX is making heavy developments one of the major is the recent algorithmic stable coin named USDD. Directly impact the TRX price if TRX uses the same Model as LUNA made with UST example is here LUNA started from $10 to $119 within a short time. The USDD is more impressive as compared to the UST of LUNA.

HOW USDD is more Impressive:


USDD is more impressive and its impact will be more Quick because Terra Luna made 1-year efforts to collect the UST Market cap of $18B and setting up reserves and the results are here, But according to the Tron Reserve DAO Justin SUN organizing the $10B initial Reserves for USDD look up the venture capitalists @AlamedaResearch @ambergroup_io @Polonniex Fund Raising Partners. Just imagine the Big Community of these VEntures when Demand the USDD where TRX will go (IF TRX burned on back of USDD demand increase).

Other Reasons for Demand of USDD:


Anchor Protocol was introduced to attract the investment in the UST with a high yield offer of 19% in stable coin on the side similar to what Tron's protocol will offer the 30% of Yield. This may lead to the transfer of the capital from UST to USDD.  

TRX has also initialized the burning system of the TRX and if it keeps up due to Supply to demand ratio Long Term Positive effect can be calculated as already explained above.
Source News: https://twitter.com/trondao/status/1522458725625204736




Introduction to TRX Chain:

Tron is one of the finest projects with one of few fastest transaction processors cheap, reliable, and particularly targeted for the gaming industry. TRX is based on the Prof of Stake principles. TRX chain was introduced to fix the issues with the ETH network as transaction costs and time. Developed by the Tron Foundation LTD released in the year 2018.

The analysis is based on the current developments in Tron Chain. This analysis is for the Educational Purpose and Not a Financial Advice because if the market crashes may be Tron will not perform as we are expecting so be careful.  


DYOR