Bitcoin Forum

TRX was seeing oversold conditions a few days ago when its RSI hit a low of 23, before ascending just past 50. However, the RSI was unable to remain above 50, and its drop beneath the level highlighted the fact that TRX’s recent 12% surge from $0.263 to $0.296 was merely a bounce.

TRX found a zone of strong resistance at $0.3 and looked likely to drop towards the support at $0.265.

Interestingly, a recent Reddit post has raised questions about JustSwap’s vetting process, claiming that the Tron Foundation has whitelisted a DeFi project that has since pulled a $2 million exit scam. This, despite DappRadar listing the project as “high-risk.”

Useful link: https://www.tradingview.com/symbols/TRXUSDT/?exchange=BINANCE
Reference - https://eng.ambcrypto.com/tron-synthetix-vechain-price-analysis-19-september/amp/

Tron us a highly centralized blockchain project for me. When you know about the project Oikos and how Justin Sun behave to them, you would completely change your mind about Tron. In a nutshell, when you make Justin upset, he will destroy your project, by not supporting token on Tron, not listing on PoloniDEX etc.  ::)

The price will depend on many market factors and in my own opinion the price of tron can range in tight zones for few weeks or lets say a couple months and after that it is expected to breakout and start its bull trend alongwith other top coins like ethereum and bitcoin. I am expecting november and december to be bullish for the market especially the top coins.

Trx will do well only if you hold it for longterm just like we hold eth or btc for that matter.
If someone is looking for fast profits then they should loom for new projects now popping up daily like defi projects to make a quick buck but they should keep in mind that these will be high risk investments and most of these can scam.you so for a conservative investor like me, holding top serious projects and coins for longterm is the right strategy.

   I am aware of what some people think about Tron, but I am also aware of what benefits people who use Tron have! With my investment
in Tron and some Tron DApp's I made nice profit, and I can deny that! They are doing their job and they are delivering what they claim.
   Tron time is yet to come, I think Tron and some Tron DApp's have a great potential, I will stick to them and probably I will invest more in
Tron in next period!

The number of users is growing, Justin Sun wrote in twitter yesterday that TRON users exceeded 10M, respectively, and the price is growing, but it seems to me that only because Ethereum has problems - high fee, and people go in Tron blockchain.

Like all the Tron dapps are fake users. Justin Sun just copies everything from Ethereum network.
TRON looks promising but to me it's just a scam project. I don't believe or trust it at all

Do you mean "can't deny that" right? :)

---

At first time, i am so pessimistic about tron. Coins that never reach its ATH again (last ATH was at 2017). But since last months, one of my friend change my mind. With all tron ecosystem they owned, community, cheap transfer fees and fast.. Yeap, those kind of things are chance my mind. Idk when Tron will reach $1, perhaps it can takes next 4-5 years, well i'm not thinking that much rn. What i like from tron rn is they followed the trend. They changed on to better protocol, with use-case. What they need more now is legit project with innovations that builded on tron network.

It's not comparable to bitcoin, specially if you are going to hold it long term, lol. Of course it has something to offer in crypto space, but it doesn't mean that it will be stable in the long run because mostly it was being used for pump and dump, no exceptions, every altcoin is. As for the prediction, I'm not really sure if it is on the oversold region or what, but it seems that the support of the community is slowing down as investors are going back to Ethereum again because of the DeFi hype and Eth2.0 release in November (hopefully).

the owner of the TRON has done nothing for sure. TRON is just a hype project that used its resources to build more and more scam projects. We have seen that how BTT has been decreasing a lot and then it's created a new coin that called hive after a month after that happened the price of hive has plunged to the bottom too and this time justin is creating a new scam token called sun.
i would like to call this as a new trick to generate money for the big players.
They fool the small players to give them all the money.

This is but another controversy on Justin Sun's list. How could a proper vetting process end up giving the green light to an exit scam con?

This goes to show that JustSwap is nothing but a mere copycat which is not really serious in its DeFi business. It is like it is there for the sake of the money. It could itself end up like the scam DeFi project it allowed to get into whitelist despite being a high risk.

But TRON's price does not seem to be affected much about this new controversy.

I see tron as ETH competitor, but cannot be compared 100% because when ETH 2.0 launches it will destroy TRON, so i hope TRON can work something on and evolve.

I might see that as a tron competition in the past but I'm not sure if I'm still seeing it as a competition for the ethereum platform. Tron is actually out of date in term of the tokenization purpose. it has a very good scalability but it's not so straight with the development.

Tron update is not so big as ethereum 2.0 which will be changing all of structures in ethereum network.
The competition is very strict right now because tron has so many competitors too.

Just imagining the high fees on ETH network will just be bullish towards TRON. No one can fathom a fee that nearly same as the one you'll wanting to buy and for that reason I can't think that ETH 2.0 is a big factor towards it, it's a fact people wanted more real life situation like coping alternatives on high fees as well as the speed of the transaction.

Tron has risen more than 100% this month, and now a correction is happening to TRX,
this is only natural, if you want to buy Trx at a price now, it might be a very good time,
seeing the altcoins now drop sharply, good luck

I have been a tron fan since its initial launch in 2017 on binance launchpad. Tron is one of the biggest blockchain. Despite the shortcomings from Justin Sun, It still has strong fundamentals. Compared to ethereum or Bitcoin, Tron has better transactions fees. Tron has dropped over 45% from its recent high of $0.049. Good time to get in. Don't forget to DYOR.

Not just for Tron but whatever cryptocurrency, I do not believe it is worth it analysing the price because many things or factors always plays out which of course has made many price analysis not to work out. Many price analysis was made for Bitcoin but yet wasn't achieved.
Also, on the other hand, I would say Tron CEO is just after his own pocket after all that's what most projects team are after; for him to whitelist a project known to pull off an exit scam of $2 million shows many questions needs to be answered but yet who will provide the answer. However, my opinion on this is, no matter whoever that is endorsing or backing up a project, make sure to research before investing, many projects today are questionable and many team are just here to enrich themselves.

The last pump that happened in the tron caused by people were massively buying tron to participate in the SUN farming yield and you can check it here https://sun.io/#/sun
Once the farming yield event will have ended and there will be a dump for the tron coin too. that's just the matter of time until everything will be going back to the bottom price again.

Tron was also playing a shady thing with JUStswap. These are crap platforms.

Seen a number of DEFI project he supported through the Polonidex, its not really a good project to be there in the first place but seem like Justin is accumulating more of his TRX thoguh the Defi systems. This is probably to make sure he is the only that will profit when he pumps his own token but this is another theory that could come in mind since defi seem to be perfect system to scam holders.

Pumping TRX is the best that you can expect if you have a ton of it. It has come to its lowest price prossible though so it must be a good time to buy.

He is just riding the new trend waves. Right now it's DeFi so Justin is also trying to make money out of it. I don't know if he is also making contributions. It looks like he is just there in the sideline to observe what's happening in the crypto world and then imitate what looks exciting and has a lot of potentials.

If you have TRX you just need to be very cautious and make sure to dump when you've made your profit already. Just avoid committing to Justin's token long term. It might be gone in a blink of an eye.

We can not compare between tron and ethereum because the project is different. Besides that, tron and ethereum have their price, and ethereum have a high price than tron. Many people invest in ethereum because they believe that by investing in ethereum, they can make a profit. Tron will be difficult to compete with ethereum as ethereum is already popular among the other altcoins. I think ethereum and tron will have their way, and both will increase higher later.

I have Oikos and I really don't like the way Justin Sun treat Oikos they lack support from Tron developers this is one story where developers will be thinking of creating a token in Tron but Oijkos is still a great project they can opt to transfer too a new platform if they wish to do so.

IMO despite my feelings for Justin Sun, Tron does have a future, as it provides atm a strong alternative to insane ETH fee's.
Many have switched to sending USDT from ERC to TRX, and i believe that's why the price surged.

We'll see how it goes from here. I have some TRX and i'm staking it for the long run

I believe tron foundation could be the biggest trouble between trons success and failure. If tron foundation didn't existed and only people decided on things and usually just let it be without any more involvement from either people or anyone else. I think it could have turned it into something much better.

But, because there is tron foundation and Justin Sun I believe it is not going any better only due to them, they are not really loved even in the Tron world and I personally do not invest into Tron just because of them, they are too much involved and I fear that one day they will do a mistake that I will get caught in the middle and it will cause me to lose a lot of money. I do not want a team that makes me scared of what kind of idiotic move they may make.

No doubt there are questions and concerns raised over tron and their defi ecosystem although these are new things and errors and bugs are part of the game but still tron foundation should make clarification regarding the scam.on their network. Regarding price i think trx will do good in coming months as it is undervalued right now.

I am glad that tron foundation is proactige and going with the trend.
As soon as they saw DeFi trending and all the volume and business related to defi is on ethereum network they quickly came up with their own parallel platforms and businesses which is great and also gives ootions to the market and community, it is not easy to come up with platforms like justswap and sun etc it just goes to show the quality of team and developers tron has.
If there was a scam.on tron platform i am sure they will further improve the system so that scammers can be blocked.

Tron is one of the mainstream project and as soon as it launched i still remember it was warmly welcomed by the market and all the top exchanges rushed to list it by themselves, at that time i was sure tron will be big in the future, with the right set of products and ecosystem i think i was right and we will see that tron will grow in the future.

@kindbtc. You should never trust a person who would say literally anything just to hype and pump his coin. Justin Sun is similar to a stand up comedian, no one takes him seriously.

This is how brainless he is.


On Sept. 19, Tron Founder Justin Sun’s Twitter account published as a (now deleted) tweet saying “#TRON users exceeded 10B! Next goal 100B.” The incredible claim caused confusion and mirth in equal measure across the crypto community for several reasons, chief among which was that the planet’s total estimated population has yet to hit 8 billion people.

Source https://beincrypto.com/tron-offers-rare-apology-after-10-billion-users-gaffe/

I wonder how the future TronLink airdrop will affect the price of the token. Attention and money have already been attracted to this project, everyone hopes to make a profit. But the cryptocurrency market is not predictable, most likely after the airdrop there will be a slight price drawdown.

Lol on this one. Justin Sun is just full of air but has actually nothing to boast and brag. He's got nothing but mere imitations. TRON itself is just a simple imitation, and a shitcoin at that. But there was only a single moment when he was original. That's when he claimed TRON has more than 10 billion users. That's one original thought of his, not copied from others. Lol.

Tron has been consistently exceeding the expectations and developing new dapps as well increasing the user base in the network. The future looks good for tron.

Holding Tron for a long time, till the market change for your good is very good but you have to be very careful about scammer,because once they discover that a particular coin is an hot cake in the market they will be looking for way to hack people account. Since they try to scam me, i don't hold any Tron long as before.
I think the way Tron is pumping now, it will not last before it will dump like the way Bitcoin in last three month pump and dump.
 

Lol that's a joke.

Exceeding expectation for what? Otherwise tron never exceed the expectation that has already made by its supporter.

Just look at justswap and it's not even better than the Oikos swap.

Justin is a kid that call anything as a scam when it didn't wanna cooperate with him. Tron has no future if the ceo of tron itself keeps printing money though issuing more and more crap projects.

TRON, BitTorrent, Ripple, if they don't adjust to the current market conditions, they will become outdated coins, their heyday is over.

More than 100 billion Tron currently circulating on the market, this requires very high volume for now, to jack up prices to ATH like the old days, not to mention with much more BitTorrent supply, don't be tempted by the ratings he has on CMC, it can change in seconds.

The day the rivals are getting tougher, new coins have sprung up. The supply is lower, the trading volume is higher, if TRON only relies on operating on the blockchain and decentralized and gaming, this could make them a historic coin that can be remembered in the era of 2017.

CEO they created too many Tron children instead of focusing on Tron's body itself, that's why Tron doesn't know who he is, drowning.

About justin and btt. Very interesting to watch the "fight" between Justin and Bram Cohen (BT Founder and Former BTT CEO). Bram stated that Justin was a scam artist and was in arrears the final payment for the acquisition fee of BTT. And ofc, justin supporters for sure will support their lovely CEO. You guys can follow thie "fight" through their tweet.
justin tweet about bram : https://twitter.com/justinsuntron/status/1311617788725719040?s=20
bram tweet aboout justin : https://twitter.com/bramcohen/status/1311700897114673152?s=20

bram was in "angry bird" mode at that time i suppose.

So what is Bram after here?

He's got the money I guess whenhe sold it, I don't think Sun scammed him for the acquisition of Bittorrent.  After it, the BTT tokens now just depend to the market already. BTT as far as I know spiked lately because its among of the tokens to be staked for receiving SUN tokens too.

TRX circulation is often questioned but I think most of the TRX are being staked for dividends actually. Its those heavy traders like the people on Doge that are really suppressing the price down despite all the dapps under TRON.

Me either. I dont think would sacrifice his reputation for a trifle like this. Justin has more than enough resources to pay the last payment for btt acquisition. Apart from that, we should remember this. Justin definitely doesn't want to lose his "charm". He's like a king in trx community.  :D :D :D

TRON  has many advantages:
Free transactions, if you have reached the daily limit, then the cost of the rest will be inexpensive.
Withdrawal fee from the exchange: 1 TRON
Convenient tronlink wallet that works with ledger immediately. On metamask, you first need to create a new wallet, and then connect a ledger to it (I don't like that)
Relatively stable coin price over the past year.

The coin has the potential to rise in price, so you should definitely keep TRON in your portfolio

TRON is a very good coin, and recently it managed to become even more popular due to a funny accident. It was announced that the number of TRON users reached 10 billion. Later, it was informed that the real number is 10 million, and it was a mistake. However, this information attracted attention to the crypto.

If you look at the current development of TRON, in my opinion, it is quite good, because more and more markets are available for transactions with TRON so that more investors are interested in investing in it.

I also see that TRON is performing well, although last week's TRON price has decreased by -1% & -3% but it is just a normal market correction. and now in contrast to the increasing volume of TRON trading. based on the graph TRON has increased an average of 2% - 3%. tron is good for investment.

It looks like people are starting to glance at tron. Tron's community is increasing and you can expect the price to go up.

Tron is becoming a competitor to eth, where eth at this time has raised high network costs.

Unlike TRON, I think Tron's costs are very low.
This is another reason for tron, so many invest in tron.

I am holding some tron in my portfolio. The main reason behind this is Justin Sun. He is a hype in the crypto world. As tron is one of the project of him he will definitely hype this coin and will pump it. Another reason is tron network fee is soo low. For that people are increasing the use of tron network. So, expecting a good pump on the long run of tron.

Majority of my friends do say that tron is a scam and Justin copied everything about tron from ethereum.
Tron is trying everything possible to take over from eth as the leading altcoin. Tron is another altcoin that will surge high during the bull season. Won't be surprised if it takes over from eth in years to come

I become a fan of Tron on the time that Ethereum is giving people a very high fee and a very long transaction, transaction is very low it's even nowhere 2 cents and it's even instant, it's good for marketplace, they should concentrate offering their token to merchants because of it's features.

The Tron blockchain is a good alternative to the Ethereum blockchain while it has huge fees and lack of scalability. Now more and more DEFI projects are coming out on the Tron blockchain, which of course increases its popularity. I think you definitely need to keep TRON coins in your portfolio, no matter how you treat it.