What's up with Tron (TRX)?

[Midy]

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

[Valak]

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.

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.

[DU18]

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.

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.

[Abiky]

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.

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

[BintangBuleun]

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.

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.