Topic: What's up with Tron (TRX)? - page 2. (Read 321 times)

TUSD Now Live On TRON
https://tronfoundation.medium.com/tusd-now-live-on-tron-5138152c9409
"Intro: TRON Foundation is pleased to announce that TrueUSD (TUSD), the world’s most transparent stablecoin,
fully collateralized and independently attested live on-chain, is now live on TRON as TRC20-TUSD!"

https://twitter.com/justinsuntron/status/1380462613063106560

It looks like this is not another pump and dump scheme of Tron, they had released a new development and the problem with ETH transaction fee fuels this surge on other low-cost transaction blockchains got the attention of many crypto enthusiasts.  People are finding alternatives to these money-grabber projects due to high transaction fees, so as one of the low fee blockchain, TRX gets an attention and I think why not.

Tron price will surge more in near future. Don't know what was the exact reason behind the recent price pump of trx. But we can see that trx founder Justin Sun doing his job perfectly to spread the project more widely. Trx daily transaction have increased so far in last few months. Many DeFi projects launching on trx chain. I think these are the reason of trx coin sudden pump. Moreover, the NFT news regarding tron network have played a big role too. I think there was no manipulation any the price will sustain for long.

I guess you're right. ETH's high fees and slow transaction confirmation times are making people desperate in search of other alternatives on the market. With the hype surrounding "De-Fi" and NFTs, it's expected smart contract platforms to gain traction in the mainstream world. There are already certain projects built on the TRON blockchain which are quite interesting. There's JustSwap (which is the Uniswap equivalent on the TRX blockchain) which allows anyone to trade from one token to another in a decentralized manner without the need to pay high fees or face long wait times. The SUN staking pool is also quite attractive, as it allows anyone to earn extra money by staking the "SUN" token with the TRX deposited on the smart contract. Imagine how high TRX will go if people began buying and selling NFTs on it. $0.12 per coin may be the tip of the iceberg as the best is yet to come.

Nonetheless, I'll be keeping a close eye to TRX's price movement on the market. Who knows if someday TRX reaches $1 per coin? With all of the features TRX provides, I don't see why it won't happen anytime soon. TRX provides basically zero fees (if you stake TRX for bandwidth + energy) and near-instant transactions. Yet, it's priced lower than EOS itself. TRON might never be able to take over Ethereum or Binance Smart Chain, but it can serve as a complement of both chains in case they become clogged up over time. It's always good to have more than one smart contract platform to increase competitiveness on the market. Ultimately, people will decide which coins to support from the other for day-to-day payments. Just my opinion

It could be because of the pump from some groups or because of NFT projects based on TRON or because the team announced an update about the TRON. It could be anything that the price increase and we might miss something about that. The price is not too fast to increase because after the price reaches $0.12, it goes down and stays at $0.1. The crypto market now is at a bullish trend, so the increase of TRON is because follow bitcoin move and the other altcoin.

Recently the Tron community voted to make TRX a deflationary currency and reduced the circulating supply. The amount they reduced was a really small amount compared to the overall total but maybe the hype from this event is partially responsible for the price going up.

TRON has a CEO, Justin Sun who is very smart in advertisements and seeding their platform. The most famous activity from him is the lunch schedule with Warren Buffet.
Tron’s Justin Sun (Finally) Gets $4.5M Dinner With Warren Buffett

The usages of TRC-20 are growing and the USDT transactions account for big part of TRON network liquidity. The chart from Tronsca.org's analysis page shows the exponent for USDT transactions and counts on TRC-20 chain and its smart contract.

After news, the network has real data for its growth and investors have reasons to spend money to invest into TRON. They see real results, real data and not only promises from Whitepaper, roadmap, meetings like new projects.

I believe that's just general market increase that impacts on all coins. It is not specifically about Tron, go check all the top 25 coins or so and you will see that they have been higher this week, and some of them even more than the others, whereas some others are not that big of a deal but still up. I would say this is about that, Tron increased because market was doing great.

I have seen one even increasing as much as doubling in the past week, so it is not a shock that Tron increased as well in a market like this. Is there a specific reason why Tron should be higher? I do not think so, I think it wasn't going up as much as other coins during this period and that resulted with the increase happening all together and all at once, that seems like the most logical argument here, XRP had the same deal as well so I think both of them got impacted a lot harder.

There's a great influence from whole cryptocurrency market, maybe one thing that made it possible to rise it's due to bitcoin and eth market. Bullrun has just started to pull up all promising coins, because market pairing also matters most. Bigger exchanges like binance had been catering more orders on btc and eth, that's why tron's price increasing progress had been amazingly performing.

It will fade a way a little by little.

There's not that much news about this coin and I think it's just getting the effect that the market is into altcoins by this time and there's a delay for bitcoin's push back to $60k. That makes the btc dominance lower and makes the flow of more money to altcoins.

And having that effect, TRX is one of the choice of most of the investors and why it's getting a pump recently.

I had $2000 worth of TRON a while back, I should have HODLED & not cashed back into fiat. I always sell too early man. I need to get some damn patience.

I don't know the exact reason of the pump or any good news recently for the trx. But I believe sometime (in bull market) coin's price rise without any good news or something like that. It just a FOMO and when people find something good by technical research, chart etc coin do pump that time. Here is also the same IMO. Some whale are identified that TRX did not make any good move yet, so it's the coin which can move soon. They invest it and make profit. That's it if you think during bull market.

So trx now trading around 12 cent. I think if btc does not make any big dump recently trx will hold the price and even it can go another 100% in short time. 

Obviously, currencies that have low fees are traded by the majority and are also used in transfers due to their low fees. Among them is the Tron currency, whose price began to roll slowly! So I guess we still haven't seen a big pump in Tron. So I still keep buying trx!!! Will be profitable.

The Bitcoin domain is falling and money is flowing into other altcoins. Among cryptocurrencies capable of implementing smart contracts, Ethereum and Binance have risen sharply and only TRON is standing still. TRON's price increase is reasonable and inevitable. I think TRON is being undervalued, what Ethereum can do, TRON has done the same thing.

Well, it is the time for TRX to also experience some bull season of its own. In my view, this has been overdue and it is good that finally it is given its space to make some pumping. I believe that TRX is quite deserving of this latest move. TRX has been a good platform and has a strong supporting community of its own with the popular Justin Sun at the helm. And this is always my favorite when sending coins as the transaction cost is quite negligible unlike the ridiculousness happening in Ethereum (don't worry I also love Ethereum and its Vitalik Buterin).

I agree with this, TRX network has one of the economical fees and they are present in most trading platforms. So you will not find it difficult to trade it with. And since ETH has still high fees, this will be good opportunity for other networks to be aggressive with their promotional activities. Some gambling platforms are also recognizing the benefits of tron in their payment method.

There are several reasons I think this could answer your question. actually from a few days ago there were lots of coins pumped up to the moon and one of them was TRX but for TRX itself there is a new feature, namely TRC721 which I think is also one of the reasons why TRX went up to $ 0.12 / coin.

but whatever the reason, I think it is very appropriate that TRX prices go up.

Everything is pumping now. Even Sued XRP did +90% pump in 2 days. Why not TRX? TRX is another cheap ETH alternative. I'm using crypto for payments, I receive crypto as payment. Everyone is slowly moving away from ETH. Either to TRX (for stable coin payments) or BSC (form smart contracts - mostly swaps). TRX is one of 10 most used chains, now they added TRC721. It deserves better place in CMC than 16.

Tron (TRX) & Binance smart chain (BSC) and other platforms that contain decentralized projects (DeFi & NFT tokens) their price will continue to increase because they exploit the problem of high fees ETH mainet which is the same approach that BCH did when the bitcoin fees increased.
The price will be high for several months, but it is not an ideal long-term investment.

If you TRX in the past, enjoy the profits, and for those who have recently joined, buy bitcoin.

Justin Sun is a MACHINE!
Even though he may not have the best projects, he will always find a way to succeed. I think this is because of his outside the box thinking. He is very creative and does things other won't. As the old saying goes the bigger the risk the bigger the reward and the bigger the challenge, the bigger the change. I think in the end all of Justin's companies will succeed because he won't let them fail. He will grind and do what needs to be done. I honestly think this guy could've succeeded selling toilet paper.. It wouldn't be the best toilet paper, but he will find a way to market it