#note
TRON: Stability in an Unstable Market
TRON is a blockchain platform launched back in 2017 with the ambitious goal of decentralizing the internet and providing developers with a powerful foundation for creating dApps. The token $TRX is the fuel cell of the entire ecosystem: it is used for paying fees, staking, and managing the network.
Since its launch, the project has undergone a multitude of transformations — from the acquisition of BitTorrent to the development of its own DeFi ecosystem. Interestingly, unlike many 'one-hit wonders', TRON still ranks among the top ten largest cryptocurrencies.
As of today, $TRX is trading around $0.245, and despite the overall market volatility, it appears quite stable. Recently, Justin Sun announced a 'dual engine' strategy — the development of dApps plus the expansion of stablecoin circulation in the network. This has already elicited a response: after the announcement, the trading volumes of TRX increased by 15% in just an hour.
However, it's not all that simple — a solid 'wall of sell orders' stands in the way of growth in the range of $0.25 to $0.45. Until it is breached, a sharp rise is in question. Nevertheless, the project remains alive, evolving, and confidently maintains its position at the top.
Image taken from trondao.org
