What's up with Tron (TRX)?

[Abiky]

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.

[asriloni]

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.

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.

Or will it all fade away in an instant?

It won't.

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.

[hd49728]

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.

[akirasendo17]

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.

[cryptoaddictchie]

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.

[electronicash]

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

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.

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.

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.

[Crypto Boons]

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 

[hugeblack]

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.

[Tytanowy Janusz]

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.

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.

[capcaypro]

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.

[Twinkledoe]

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.

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.

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.

[DapanasFruit]

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).

[int03h]

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.

[Ulven]

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.

[sujonali1819]

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 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. 

[Slot Kid]

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.

[livingfree]

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 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.

[Cherylstar86]

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.

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.

[jaberwock]

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?

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.

[OcTradism]

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.