- New Stable Coin TUSDT launching on Tron network tomorrow.
- More than 3 million daily Tron transactions – 3 x increase in 3 months.
- Marketing Genius and founder Justin Sun promoting his baby: Tron.
- Increasing ETH gas prices making a great use-case for the cheap TRX transactions.
- Crypto Scanners on ProfitFarmers showing upwards trend, predicting bullish move coming.
Tron (TRXUSDT) has risen more than 140% over the past 30 days. Did you miss out on the profits? Well, it’s not too late.
Here are 5 reasons why TRX could be your next best investment!
Launching TUSDT tomorrow: a Stablecoin on Tron’s network
Interestingly, a new stablecoin backed by USD 1:1 is launching tomorrow. In TUSDT’s own words “The first regulated stablecoin fully backed by the US Dollar.”
❗️Big news for everybody from $TUSD and $TRX Communities❗️ @Tronfoundation @tusd_official $TUSD will launch #TRC20–#TUSD on #TRON #blockchain in TWO DAYS! 🥳$TUSD is the world’s most transparent #stablecoin, fully collateralized and independently attested live on-chain!😎 pic.twitter.com/umuLCoqM3Z
— TrueUSD (@tusd_official) April 7, 2021
This could influence the price of TRX positively and is a great indicator of Trons increasing useability.
Tron Daily Transactions increased by 300% in 3 months
Yes, you heard it right – on a daily basis more than 3 million Tron transactions are being recorded on Tronscan.
This is a massive number and again goes to prove that Tron has great usability. Transactions on the network are superfast and beat competitors like BTC and ETH at speed and price.
Marketing genius and TRX founder Justin Sun is everywhere!
With more than 2.1 million Twitter followers @justinsuntron has a huge reach and great influence in the crypto space.
Mr. Sun is a shark at marketing, and he’s built several successful crypto projects. TRX is his baby and is also amongst the most known projects in the crypto world.
People and companies seem to either love or hate him, and you can frequently find meme’s containing Justin. Here’s a good one from the crypto co-pilot software ProfitFarmers, who recently reported 399% gains on their TRX signals:
You can get free access to the same pool of signals that these TRX gains came from. Crypto-news-flash’ readers can enjoy the signals for free, right here….
Increasing ETH gas prices making traders look for alternatives like TRX
If you send $100 USDT on Binance using ERC20 (the ETH network) you’ll likely pay between $12-20. Who wants to pay fees like that just to send some crypto?
On TRC20 (the Tron network) you’ll pay a flat $1. Sounds better?
Soon people will realise that Trx is a cheaper way of withdrawing/depositing crypto’s, and that could result in an increase in TRX’ price.
Bull run coming: Solid indication of an Upward trend on AI Market Scanners
A great indication of a potential TRX price-increase can be found by looking at the market scanners on ProfitFarmers:
As you can see on the TRXUSDT and TRXBTC price action bars, the indicators are green in all time frames indicating that the coin pair is in an upward trend.
The Price Action scanner has shown promising predictions before, and the company behind them had predicted the TRX price increase. On April 5th they published 7 trading signals for TRX which profited >50% profits on average.
If they were right then, chances are they are right again (we hope!).
Go check out the scanners for TRXUSDT and TRXBTC yourself. The scanner used to cost $300 a month, but you can get access for absolutely FREE with no strings attached.
Summary
It’ll be your own choice as to whether you want to invest in TRX. Trade with caution, and make sure to use technical analysis, indicators and trading software to make better decisions.
If you’re still not sure, here’s a little bonus reason to consider purchasing TRX (now top 5 most searched coin on Coinmarketcap):
🔥 ROUND 2 🔥
Below are the Top 10 most searched crypto assets of the week on CoinMarketCap!
Are any of your favorite projects there? You can find more interesting stats here – https://t.co/Bd0wQ6bV9Q #Crypto #Cryptocurrency #Altcoin #DeFi pic.twitter.com/ocFqXxhvWI
— CoinMarketCap (@CoinMarketCap) April 5, 2021
Credit: Source link
