What's up with Tron (TRX)?

[FinneysTrueVision]

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.

[ethereumhunter]

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.

[Abiky]

It is all about ethereum blockchain. There are so high fees killing all reasons to swap, trade, invest at all. Tron is good competitor to Ethereum. I don't think Justin Sun will be able take over Ethereum or Binance Smart chain but its price was undeservingly low. So its normal that its price raised a bit.

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

[Mahdirakib]

~ 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?~

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.

[lionheart78]

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.

[zasad@]

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

[donatello345]

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.

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.

[zasad@]

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.

[Traderbtcc]

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 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.

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.

[btcltcdigger]

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 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

[asriloni]

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.

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.

[maxreish]

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.

[plr]

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.

[Amejoaquim]

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

[Abiky]

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

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

[btc-facebook]

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.

[JeffBrad12]

I think the reason for the rise is due to higher demand and not only TRX but BNB and other blockchain based project which have their own ecosystem with little fee. Alot of people started moving to blockchain such as TRX and BSC due to lower fee. Many of us even prefer to withdraw our USDT with TRX variants. These all contributed to the rise of the 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.

[Questat]

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.

[AmoreJaz]

I think the reason for the rise is due to higher demand and not only TRX but BNB and other blockchain based project which have their own ecosystem with little fee. Alot of people started moving to blockchain such as TRX and BSC due to lower fee. Many of us even prefer to withdraw our USDT with TRX variants. These all contributed to the rise of the TRX.

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.

[ashmodeus]

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.