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Latest news Tron
Justin and Vitalik often cover each other. It's normal, and as long as the two platforms are competing for developers, the jabs will continue. The center of contention between these two unconventional founders seems to be the throughput and cost of the transaction. On numerous occasions, Justin has insisted that his platform is the best, able to scale and is cheap to deal with. In addition, it worked behind the corner allowing developers of dApp and other users to implement TRC-10 and 20 tokens in an easy-to-follow procedure.
In part because of this and their acquisition of BitTorrent, the platform has seen its user base grow exponentially, even exceeding that of Ethereum. In a short year, the number of users has exceeded one million marks. Although his token rating was disdainful, his performance from the development and acquisition front was impressive. For this reason, we maintain a bullish prospect on Tron.
#TRON has reached 1 million accounts on December 23, in 184 days or 6 months since then #TRX Mainnet Launch
Compared,#Ethereum has reached 1 million accounts on January 22, in 542 days or 18 months since then #ETH Mainnet Launch
Let it sink for a moment … #IAmDecentralized🖖🏽#TronFOMO$ TRX pic.twitter.com/YwX7yJy4BH
– Misha Lederman (@mishalederman) 24 December 2018
It will be more rosy, especially if we see mainstream adoption in 2019, whereby companies are realigning and making use of immutable solutions offered by the Tron blockchain. However, Ethereum's inability to implement the scaling solution will see its position as a decadence of the platform that allows Tron and similar sites of dApp to dominate.
Tron (TRX) Price analysis
From a top-down approach, TRX is bullish. Even if it fell by eight percent compared to the USD in the last week, the price drop is another opportunity for traders to charge on every decline with the first 4 cents targets. or higher, just as we had mentioned in previous business plans.
At spot prices, TRX is stable and trades within the week ending December 23rd. That is, there is an opportunity for more positive aspects, and the best approach is to look for buying opportunities in shorter times. Note that not only is the buying trend strong, but the TRX is traded inside a bull's flag with support between 1.8 cents and 1.9 cents.
Our interest rate is the December 28 high at 2.1 cents and the bulls would be in control if prices exceeded this level. On the back, TRX would collapse to 1.2 cents if prices fell below 27 degrees low by 1.8 cents.
Our short-term TRX / USD trading plan is as follows:
Buy: spot, 2.1 cents
Stop: 1.8 cents, 2 cents
Objective: 2.5 cents, 3 cents
All graphics courtesy of Trading View
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
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