Topic: What's up with Tron (TRX)? (Read 321 times)

I think the price movement is very normal compared to other coins. TRX deserves to be defended. Starting today, the price of TRX is increasing again. I think it will come up to $ 0.2 in May. There has been no significant increase in TRX.
Doge from a price of $ 0.0033 to $ 0.35, which should have experienced the same thing by TRX, even exceeding the price of Dogecoin.

TRON is very good for day-to-day transfers and withdrawals because of its high performance blockchain network. In some cases, transactions are free making stablecoins extremely practical on TRON. This makes TRON better than Ethereum for day trading, and decentralized applications. People are getting tired of ETH's high fees, so they're pouring money into competing chains like TRX and BNB. $0.12 per TRX is nothing if we consider the features it provides. Who knows if TRON pumps all the way to $1 in the not-so-distant future?

Nonetheless, I believe that TRX's rise may not last for long if other projects fare better in the long run. Right now, Binance Smart Chain (BNB) is getting all of the attention in the mainstream world with "De-Fi" applications that can't be ignored. PancakeSwap is extremely popular in the crypto/Blockchain space, with comparable liquidity to that of Uniswap on the ETH blockchain. Tron's Justswap is widely unpopular, although it serves the same purpose as both PancakeSwap and Uniswap. It may turn out to be that the recent TRX pump is only temporary. Not even Justin Sun shilling TRX on Twitter has made the cryptocurrency reach higher prices on the market. With his efforts, TRX would've been worth $1 by now. At least, the TRON blockchain is alive and healthy as ever. Just my opinion

I agree with what you are saying if the market is currently in a bullish condition, but in fact we can see that some altcoins that are on the TRON blockchain such as BTT and TRX don't seem to have experienced significant price changes now, even though some time ago BTT was able to reach ATH but that price did not last long and in fact now the price of BTT and TRX is like experiencing a price hike barrier, to be honest in my opinion this year is not the year belonging to Tron blockchain.

Tron is a platform that has a strong foundation. Tron's smart contracts are also excellent. Many new projects use Tron as an alternative for transactions. The low transaction fees, and the fast confirmation process, have attracted people to Tron. The TRC20 is currently the basic foundation for increasing the selling value of Tron.

It looks like a surge in the market because the situation is bullish because the state of all coins is slowly rising alternately, don't know if this is the act of several whales who simultaneously take turns pumping these coins.
But from my analysis the market will continue to be bullish until the end of the year.

Recently, TRX has been widely used as an alternative to market transactions to replace ETH, whose gas rates have recently been so high that the price has continued to increase significantly, and now many investors are starting to be interested in investing in TRX, maybe this opportunity can reap benefits for those who invest now

well , whatever it is ,i mean reason behind the price getting pump, the price will remain stable, the volume also bloody damn high, but i just have a doubt, why another justin sun coin also get pumped such as Wink and BTT , also Sun token.

this is true, withdrawing USDT via tron network is very economical right now. and other TRX-based coins, even the TRX itself. and since eth has still ridiculous fees, a lot of crypto users are appreciating other networks like bsc and tron. so right now, they are enjoying the market as the opportunity is really at their doorstep. now, it is up to these networks to be aggressive with their marketing and continue the interest from the community.

The current uprising trend on XRP is not a surprise, all altcoins are in the surge and that includes Tron. May the transaction fees will be of some consideration as ETH fees are high and really not acceptable to many. But this is an assumption, what is clear to us now is that the market is in the bullish mode, surely we can see that most of the coins will be in surge x2, x5 x10, in fact, some shitcoins are in more than these.

TRON is only following the trend but im not seeing any big news that could become the reason why TRX is getting pumped like this time. When the major coins like ethereum and bitcoin got pumped so hard and the rest is just following the movement that already made by bitcoin and ethereum.
If we are talking about lower fees and another platform has the same fees that offered by TRX chain as well.
NFT announcement was not so special to be considered as news that was attracting people to get into the tron. This is just another common pump when the bullish was coming.

I am not surprised if the TRX price rises more than 100%, because pair TRX/BTC chart conditions in the bottom, and if the chart conditions in the bottom, usually the price will be pumped up, and this is what is happening to TRX now,
to see the condition of the coin in the bottom is to look at the BTC pair with TF 3D - 1W, if RSI is below 30, then there is a possibility that the price will soon be pumped like TRX.

The high fees and slow transaction confirmation times of Ethereum is forcing companies and individuals to switch to another chain. A handful of stablecoins have migrated to the TRON blockchain, and more will follow suit once ETH becomes economically unfeasible. We now have Tether, USDJ, and TUSD on the TRON blockchain. Zero fees and blazing-fast transaction speeds makes TRX extremely ideal for "De-Fi". Who knows what the future of TRON will be as smart contracts become more popular in the mainstream world?

Nonetheless, it seems to me that the pump is largely attributed to the "De-Fi" and NFT hype surrounding the crypto/Blockchain space. It may be all over once people move on to the next big thing in crypto. How far will TRX go in price will greatly depend on mainstream adoption of Justin Sun's own blockchain network. The competition is getting fierce each day, but there can only be one winner in the long run. Just my opinion

I've been following this coin for a long time and one thing I can confirm the CEO of this coin (Justin) is really good at creating hype.

Sometimes what he was talking about was far from reality.

This is just my opinion and there is no intention of insulting this coin. #peace

I am expecting more on Tron, we are in a bull market, there should be movement like all the other coins in the market that are on the top 20, the developer and the project made a lot of headlines when the market is in bull, they should create more hype and news now that we are in a bull market, I hope Tron will reach 50 cents at the end of the year, it's been three years since their last all-time high.

Last time, when doge surpassed trx I highly doubt trx's potential. Felt disappointed because Ive been holding it and yet it doesnt even pump before, not until last week which surprise me a lot because it is now at .12 usd. Been holding those and grateful for that great performance.

This nft which used trx blockchain is one of the reason for that trx to perform really well recently.

At least the voice from the community already become a real thing. I wanna try imagine when tron will be using burning method to reduce its total supply and it would be a very good thing for sure.
The realization of community voice has proven that if the tron developers were not abandoning its community despite the fact that its CEO was like a clown. lol

I hope that another burn will come for sure.

It's the bull market. When BTC trades sideways, traders get bored and start trading alts.
In this case, many top tier coins get affected and they pump

The only thing you are missing out on is the part about TRC721 that can be used for NFTs, apart from that I think its only right that tron(trx) also pump since we are experiencing a bull run, so I guess it's just pumping like every normal altcoin in the market should be pumping.
I know alot of people out there would be having this same feeling, patience in crypto is the real deal cause it eventually pays off, just take a look at all the coins that have gone 1000% in this bull run if we bought and held on to them last year we won't be regretting it now,we crypto users just need to learn how to be patient when holding a coin.

If you look at the market from the other side, you can see that most coins have grown by an average of 10-20 times. And most coins have no fundamental reason to rise in price, their price rises with the growth of the market.
Do not assume that there is a possibility of a fall in prices, therefore, it is necessary to store part of the funds in stablecoins.

Now the whole market is unclear situation, if you look at the whole market in general, you can see that absolutely everything is growing, absolutely any coin is pumping, because more and more money is pouring into the market!

I don't see any other reasons for growth.