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- TRX / USD produces double-digit earnings on Tuesday at the time of writing, as it extends upward.
- A positive flow of developments continues to come out of the Tron foundation.
Developments of the Tron community
The fundamental updates concerning the Tron foundation started at 2019. The Tron community continues to be satisfied, with some of the latest satisfactions from the Foundation's weekly report.
The Tron community has now approved the proposal n. 13, which was created by founder Justin Sun. It wants to increase the amount of energy in the network. In terms of the objective within this proposal, it is to significantly reduce the transaction costs of the Tron network. As a result, they will want to achieve greater network expansion. The total amount of energy on the network is now seen at 100 billion.
In addition to the aforementioned proposal, another TRON-ONE was also approved. This proposal is expected to improve the scalability of the Tron ecosystem. Users will be able to create and name their tokens with the names of existing tokens. Elsewhere, in terms of smart contracts, TRC 10 and TRC 20, will be connected once the duplication of the token name has been approved. Therefore, TRC10 circulation tokens will be used by DApps.
Tron supported on BitKeepOS
Sun reported that Tron will now be available on BitKeepOS, a portfolio that serves users in over 16 countries. He tweeted, "TRX is available on BitKeepOS, a decentralized multi-chain portfolio currently covering 16 countries and serving millions of users.The BitKeep portfolio currently supports the TRON tokens in the main chain, TRON Dapp, TRC10 and TRC20."
BitKeepOS is a decentralized digital resource portfolio. As detailed through their website, it "It offers users a professional one-stop service, exchanges docking assets and supports multi-wallet management, covers financial loans, cloud-mining, Dapp, games, blockchain payment and other functions. it comes from the best companies like Microsoft, Google, 360 and others. "
Technical review – TRX / USD
TRX / USD daily table. Price action further increases the upside as the bulls maintain momentum.
As described above, the TRX / USD bulls are in the race with a fairly bullish momentum, having gained a whopping 25% in the last 3 days. The price has canceled the maximum of 24th December, where sellers have entered to end the initial race, which has been seen since 16th December.
First of all, the next big challenge for TRX / USD is early, with an annoying refueling area. This can be seen tracking from $ 0.026000 – $ 0.029000 price range. The bulls have faltered here on several occasions, having been observed since August 2018.
In addition, if the upward trend keeps its course, there may be a rapid return to $ 0.040000 in the short term. However, a pullback can not be excluded once the TRX / USD goes into the resistance area above. As a result, the possibility remains of repeating the test to the broken bullish pennant model.
Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
