What’s up, friends! Do you remember TRON (TRX), that crypto that always seems to be making headlines? Well, it turns out it's on everyone's lips for two serious reasons: its energy consumption has skyrocketed, and it might get listed on the stock exchange! Just like you heard! 🤯
First, the bombshell: TRON is consuming 108% more energy than last year! ⚡ It's like suddenly having a car that now uses double the gas, but for a good reason. According to data from CryptoQuant, the TRON network is using 200 billion units of energy per day! Just imagine, a year ago it was only consuming 77 billion. And the most interesting part is that 80% of that demand comes from the TRX that people have in staking, meaning they are saved to support the network and generate profits. This tells us that people are using TRON's smart contracts like crazy and diving into its decentralized applications. That's a sign that the network is more alive than ever! 🎉
But it doesn't stop there. Hold on tight, because SRM Entertainment (SRM.O), a company listed on the Nasdaq (the US stock exchange!), confirmed that it made a deal with Justin Sun, the big boss of TRON. The deal is that SRM is going to buy TRON tokens, is going to change its name to "Tron Inc.", and Justin Sun is going to join as an advisor! 🤯 This is a bombshell, my people, because it brings TRON closer to being listed directly on the stock exchange. It would be a historic step for the crypto world and would put TRON in a unique place! 🤑
Now, not everything is rosy in the market, is it? The tensions in the Middle East have everyone on edge, and that always hits risk assets like cryptocurrencies. The price of TRX has been like a yo-yo, going up and down. In fact, after the big news from Nasdaq, it went up a little, but then it pulled back by 9% and is now around $0.2730. It's as if the initial euphoria has cooled a bit due to global uncertainty. 😓
However, the on-chain data (which shows what’s really happening on the network) tells us that TRON is stronger than ever. That brutal increase in energy consumption is proof that there is growing demand to make transactions and run smart contracts on the network. It's as if the engine is running at full speed, even though the car's price is moving a bit slowly on the road. 🚗💨
Experts say that this difference between how strong the TRON network is and what its price shows suggests that the recent drop is more due to the general market environment than to internal problems with TRON. If things calm down and volatility decreases, these robust metrics could be the push TRON needs to recover strongly! 💪
So, my people, we need to stay alert. TRX is maintaining a key support above $0.27, and the long-term moving averages (the 100 and 200-day) are looking good, indicating upward momentum. If it manages to break the resistance at $0.295, it could go up to $0.32. But if it can't hold the support, it could drop further. Let's be cautious and stay sharp with this crypto that keeps surprising us! 🌟
