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The TRON price jumped 11% in the last 24 hours to trade at $0.1602 as of 00:37 a.m. EST on trading volume that skyrocketed 111% to $1.9 billion.
This comes as TRX climbed into the top 10 cryptocurrencies by market capitalization after surpassing Cardano (ADA).
TRON’s climb aligns with an announcement from its founder, Justin Sun, that several influential leaders from meme coin communities have expressed interest in integrating into the TRON ecosystem.
Today, I talked with several major meme community leaders about the meme ecosystem on Tron. They said they plan to bring millions of users 🤯 to the Tron community and can’t wait to join the Tron ecosystem as soon as possible. They’re already here—what about you? TO THE SUN🌞
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 19, 2024
As a major development towards the integration, the TRON network has introduced the SunPump platform, a pioneering initiative focused on the launch and trading of meme coins.
The new platform has boosted on-chain activity within the TRON blockchain.
TRON Price Could Continue Surging
The TRON price took a slight tumble from the $0.14 resistance to find support around $0.12, according to data from GeckoTerminal.
TRX bulls then used the support to push the price of TRON back to the resistance zone, forming a rounding bottom pattern.
The TRX bulls then capitalized on the pattern to propel the price to the $0.17 resistance.
TRX aims for a continued surge, as the token has now surpassed both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bullish stance to the upside.
Moreover, the Relative Strength Index still trades within the 70-overbought region, which is an indication that the asset is still under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also bullish, as it trades above the neutral line.
The TRON price analysis indicates that the price of TRON could continue soaring, as the bulls now target $0.18.
However, the RSI seems to be correcting, as the asset is now overvalued. The bears may continue exerting pressure, in which case the TRON price could retrace back to the $0.14 level.
Meanwhile, investors are rushing to buy a new Pepe alternative called Pepe Unchained (PEPU), which YouTube channel 99Bitcoins, with more than 706k subscribers, says has 100x potential after launch.
Pepe Unchained Raises Over $9.7 Million – Best Meme Coin To Buy Now?
After surpassing $9 million on August 16, Pepe Unchained has added another $700,000 in just four days to bring its total funds raised to over $9.7 million.
The original Pepe remains chained to Ethereum, and is constrained by Layer 1’s limitations; at times, it can be expensive and slow to purchase.
With the introduction of Pepe Unchained in June, a solution to these issues of Pepe ownership was introduced.
As its name implies, Pepe Unchained aims to set Pepe free. It will no longer be a prisoner chained to his old, clunky Layer-1 server room.
That’s why PEPU will run on its own proprietary Ethereum Layer 2 blockchain.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Token holders can earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 204%.
You can buy $PEPU tokens for $0.0091996 each. With a price hike coming in a little more than a day, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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