Tron (TRX) attracted the attention of investors by gaining 7 %value in the last 24 hours. Behind the price increase is the investments and new projects of Justin Sun, the founder of the tron block chain, to the breast token ecosystem. The daily transaction volume increased by 62 %to 1.23 billion dollars, while the TRX price recovered from $ 0.21 support level. Analysts predict that Tron can maintain the rise trend and reach a $ 1 level.
TRx Price Analysis and Rise Scenario
In recent days, Tron has made a strong return from the support level. The TRX, which found a buyer at $ 0.21, rose to $ 0.24 with a recovery of 15 %. Technical indicators show that purchase pressure continues and the price can test higher levels.
Crypto Money Analyst Javon Marx said Tron could reach a level of $ 1.11 at a logarithmic scale. According to Marx, TRX has an increase potential of approximately 516 %if the current trend continues. Investors think that the rise in the transaction volume provides a strong momentum.
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The rise of TRX is also supported by general market sensitivity. Shares on Tron on social media platforms account for 1.05 %of the total crypto currency content. This rate shows that Tron was followed with interest by the community.
Tron Breast Token Efficiency and Integration Plans
Mobility in the breast token ecosystem increased with Justin Sun’s interest in projects. On the Sunpump.ema platform, 122 new token launch in recent days has been realized. This number increased over 100 for the first time after four months. A total of 95,573 token was produced, while 36.374.191 TRx processing fee was collected from these operations.
Justin Sun announced that they are working on an integration project to move TRX to the Solana block chain. Although the details have not yet become clear, this development has created expectations that TRX could expand the ecosystem. There is also a great interest between Solana and Tron communities for this new initiative.
The increase of breast token projects on the tron block chain affected the use and process volume of the network positively. Justin Sun announced that it will not provide a personal profit from Tron -based breast token projects. He also stated that the returns obtained from these projects will be evaluated through donation.
Developments in the Tron ecosystem increase the interest of investors, while the expectations of rise in the TRX price are strengthened. New projects, increasing transaction volume and powerful community support can help Tron get more space in the crypto money market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
