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Latest news Tron
The most intriguing of Tron as a project is their multilateral and multilateral approach. While striving to make the world a better place through blockchain, they are also involved in a race for supremacy. On the one hand, they are more dominant Ethereums that, despite market fluctuations, continue to attract developers who prefer legacy testing of work systems, but who are sparing concerns about scalability.
#TRON breaks two records today! 2.53 Tx per day and 32.284 per day to increase the address! Other developers from #EOS is #ETH they migrated on TRON! #TRX $ TRX pic.twitter.com/6siaP4hw61
– Justin Sun (@justinsuntron) December 14, 2018
To read: PAX exceeds $ 5 billion in the first quarter from publication, while the stable currency market continues to prosper
But at the rate of development, this could change and very soon Tron could be a dApp arena of choice for developers. After all, Tron is better, faster and as reiterated by the founder of the platform is "very" economical.
That's not all, various milestones like the launch of their virtual machine – which is compatible with Ethereum, has made it easier for Tron account holders to issue tokens for just 1024 TRXs. The issue of tokens is rather simple and there are two categories: TRC-10 which is a platform native and TRC-20 for smart contracts.
Read also: TRON announces that 70 TRX investors will receive exclusive Blockchain Cuties play items
Naturally, this is the kind of development the community is eager for. Add it to the incentives and Tron's encouragement to the multi-billion dollar game industry through Arcade and it's a sparkling future. But, among falling prices, a take away is the adoption rate, the platform's dedication to the development and support that Tron has on the community. In less than eight months, Tron has seen increasing account numbers and transactions exceed those of EOS and Ethereum. This is too positive for TRX hodlers.
TRON (TRX) Price analysis
Daily TRX / USD chart
Not surprisingly, TRX is the top performer in the last week adding almost three percent. Better still, it is very constant in lower periods of time and even if prices continue to slide towards new lows, we expect a recovery as the year draws to a close.
Note that TRX is down 85% from the peaks of 2017, trading in a bear breakout model after having blocked various media during the year. Now, it's only natural that prices come back and correct higher. For this to happen, and as reiterated in the previous TRX / USD trade plan, the bulls must accumulate sufficient momentum and an advantage of over 1.5 cents – the former support now the resistance.
Assuming it is printed, this overvoltage must be accompanied by volume peaks that show support in lesser times.
TRX / USD 4HR chart
Here, TRX / USD is consolidating and it's a disaster to say the least. None of our last trading conditions has been met and until there are no moves above the resistance levels of 1.5 cents and 1.7 cents as stated above, the bears have control.
But, with optimism around space and development and chain partnerships, the odds are that TRX / USD will expand demand / interest.
If not and there will be a slide back under 1 cent towards the lows of January 24.
This is how our TRX / USD trading plan assumes that there are earnings above 1.5 cents:
- Buy: 1.5 cents
- Stop: 1.4 cents
- Objective: 2 cents, 3 cents
* Charts 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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