Justin Sun Reveals Millions of New Users Coming Soon"

Tron (TRX), the native token of the Tron blockchain, has climbed into the top 10 cryptocurrencies by market cap, now holding the 10th position with a market capitalization of $12.49 billion, surpassing Cardano, Avalanche, and others.

Tron’s rise in rankings coincides with a significant announcement from its founder, Justin Sun, who recently revealed that several prominent leaders from meme communities have shown strong interest in joining the Tron ecosystem.

Meme Communities Eye Tron

According to Sun, these meme community leaders are eager to bring millions of users to Tron, highlighting the platform’s growing appeal. These leaders are eager to join the Tron ecosystem quickly, which could significantly increase Tron’s user base and boost its adoption.

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

The potential arrival of millions of meme coin fans on Tron could lead to more network activity and higher value.

Tron’s appeal lies in its high-speed transactions, low fees, and robust infrastructure, along with perks like native MEV protection, making it an attractive option for meme communities looking to expand their reach.

With its ability to handle 2000 transactions per second smoothly, Tron is in a strong position to attract the next wave of crypto users. Additionally, Justin Sun believes that the Tron’s biggest strength is its $60 billion in TRON USDT. No other blockchain protocol has a liquidity pool this large.

Tron Price Analysis

The technical analysis of TRX’s price chart shows several positive signs, indicating a possible bullish trend. Mainly on the 4-hour chart, TRX is trading above the 100-day Simple Moving Average (SMA), which suggests growing market confidence.

Recently, TRX formed a bullish trend line with support at $0.1430 on the hourly chart. If this trend continues, TRX could aim for $0.1480, and possibly reach $0.1520. Breaking above the $0.157 resistance level might push the price toward its all-time high of $0.1804.

As of now, TRX is trading at $0.144, up 6.4% in the last 24 hours. Its market capitalization stands at $12.49 billion, with a daily trading volume of nearly $733 million.

Source: https://coinpedia.org/news/tron-trx-jump-into-top-10-cryptos-justin-sun-reveals-millions-of-new-users-coming-soon/