Bitcoin Forum

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. :)

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.



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

It won't.

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

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 (https://www.coindesk.com/tron-ethereum-tether-transaction-count-volume-data).

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.

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.

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.

don't you think you just miss the things that Justine does to hype TRON?  he doesn't do it anymore. i also like to see something new like inviting Elon Musk or Justin going to mars but i heard nothing anymore.


that seems to be correct even the JustSwap had gotten huge volume. it must be NFT and Defi that making prices up for this bullrun.

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  :D

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.

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.

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.

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.

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).

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.

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.

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. 

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.

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.

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.

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.

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 (https://www.coindesk.com/trons-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 (https://tronscan.org/#/token20/TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t/analysis) 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.

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.

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.

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 :)

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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

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 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.

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.

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.

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.

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.

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

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.

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 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 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.