What's up with Tron (TRX)? - page 3.

cryptoaddictchie

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Quote from: Abiky on April 07, 2021, 09:12:51 PM

Is this a result of Justin Sun and whales manipulating the price of TRX?

Your input will be greatly appreciated. Thanks in advance.

Actually I'm thinking same reason about them pumping it. We knew that trx has greater low fee transaction compared to majority like eth but they wouldn't do such a cowardly move just to see them be successful. There are plenty of line up on the show but they prefer to build it quietly. What I dont like are the owner of this project is too much showbiz or much interested on celebrities instead of being a low key person should be.

akirasendo17

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Quote from: Abiky on April 07, 2021, 09:12:51 PM

The infamous smart contracts platform created by Justin Sun recently experienced a surge in price. Not long ago, TRX was well below $0.06 on the market. It's now the time where the coin is hovering well above $0.12 per coin. Am I missing something here? What could be the cause of the pump? Do you think TRX will retain these prices for long? Or will it all fade away in an instant? Is this a result of Justin Sun and whales manipulating the price of TRX?

Your input will be greatly appreciated. Thanks in advance.

it's not infamous I think they been using it for a long time, what I'm talking about is the benefit of Tron, for example since we have experienced the surge of gas in ethereum its really hard for me to send or sometimes buy and sell in eth platform exchange why because of the fee's, with Tron, sending USDT to other exchange helps a lot, the fee's difference is huge, that is why I think the price is really undervalued, I'm selling the price to go 1 dollar maybe a year from now or earlier, aside from that they also have staking, I'm not sure but Justin said in an AMA there will be token burn.

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Quote from: Abiky on April 07, 2021, 09:12:51 PM

The infamous smart contracts platform created by Justin Sun recently experienced a surge in price. Not long ago, TRX was well below $0.06 on the market. It's now the time where the coin is hovering well above $0.12 per coin. Am I missing something here? What could be the cause of the pump? Do you think TRX will retain these prices for long? Or will it all fade away in an instant? Is this a result of Justin Sun and whales manipulating the price of TRX?

Your input will be greatly appreciated. Thanks in advance.

The growth of TRON smart contract for Tether USD transactions can be one of big reasons. It help TRON has better adoption in the crypto users but in this year, Binance Smart Chain and some other chains from crypto exchanges will compete so hard with TRON and TRC-20 chain.

Tether Use on Tron Passes Ethereum as Low Fees Attract Small Transactions.

Before the newest update from Binance, withdrawal for Tether USD on TRC-20 chain is free ($0) but now Binance charge a litte higher fees if Binancians use TRC-20 for USDT withdrawals. They charge cheaper withdrawal fees if Binancians choose BSC for USDT withdrawals.

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Quote from: Abiky on April 07, 2021, 09:12:51 PM

Am I missing something here? What could be the cause of the pump?

Yes, you're missing something just like the release of TRC721 that has become a new asset that will be used as NFT on TRON chain and at the same time tron was getting pumping to the moon due to the bullish trend.

Quote from: Abiky on April 07, 2021, 09:12:51 PM

Do you think TRX will retain these prices for long?

Yes I think and why not? Tron has a very good fundamental at this moment.

Quote from: Abiky on April 07, 2021, 09:12:51 PM

Or will it all fade away in an instant?

It won't.

Quote from: Abiky on April 07, 2021, 09:12:51 PM

Is this a result of Justin Sun and whales manipulating the price of TRX?

It's not caused by manipulation but when you are seeing the market and whole of crypto pumped so hard.

Abiky

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The infamous smart contracts platform created by Justin Sun recently experienced a surge in price. Not long ago, TRX was well below $0.06 on the market. It's now the time where the coin is hovering well above $0.12 per coin. Am I missing something here? What could be the cause of the pump? Do you think TRX will retain these prices for long? Or will it all fade away in an instant? Is this a result of Justin Sun and whales manipulating the price of TRX?

Your input will be greatly appreciated. Thanks in advance.

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