Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: Niteroy on June 20, 2019, 08:17:44 AM
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TRON prepares for a new mainnet upgrade, incoming breakout?
(https://cryptoslate.com/wp-content/uploads/2019/06/xtron-mainnet-cover.jpg.pagespeed.ic.C2mXVOe6ov.webp)
TRON prepares for a mainnet upgrade that will strengthen its security and make it easier for developers to build on top of the network. The upgrade may coincide with a period of high volatility for TRX, according to the charts.
TRON 3.6
TRON is one of the largest blockchain-based operating systems in the world. The platform is dedicated to building the infrastructure for a decentralized Internet. TRON advertises its protocol as a scalable, high-availability, and high-throughput computing layer that serves as the foundation for decentralized applications (dApps).
As part of its routine improvements, the TRON Foundation announced in a blog post that TRON will go through a mainnet upgrade on June 18.
Dubbed “Odyssey-V3.6,” the update contains new features that allow developers to create customizable DApps, enhance protocol data check, add transaction permission settings for users, and optimize the peer-to-peer network.
https://twitter.com/justinsuntron/status/1140917289086148608
With the Odyssey-V3.1 upgrade back in October 2018, Justin Sun, the founder of TRON, stated that TRX will be faster than Ethereum and cheaper than EOS. Now, with Odyssey-V3.6 he believes that it will be more secure and easy to work with than other smart-contract blockchains.
https://twitter.com/justinsuntron/status/1049145937950474240
The upgrade comes at a time when TRON prepares to celebrate its first “independence day” anniversary. This was the time when the Foundation completed the TRX token swap from the Ethereum blockchain onto its own.
Justin Sun recently tweeted a poll asking the community on how to celebrate the historic moment since a lot of speculation has been building up and rumors of new partnerships are surrounding the event.
https://twitter.com/justinsuntron/status/1141226921281257473
Despite the recent announcements and the hype surrounding TRON’s first independence day, the market valuation of this cryptocurrency staggered the last few days, but it could be showing signs of high volatility.
Tron Technical analysis
On the 3-day chart, TRX is trying to close above the 7-three-day moving average to continue the bullish trend and possibly test the $0.038 resistance level once again.
Nonetheless, the 7-three-day MA has been acting as a strong point of resistance and failing to trade above it could take TRON down to the 30 or 50-three day MA.
(https://cryptoslate.com/wp-content/uploads/2019/06/tron-mainnet-upgrade-1.png)
This cryptocurrency has been trading above the middle Bollinger Band (20-twelve-hour MA) since June 15. Now, the Bollinger Bands appear to be squeezing in the 12-hour chart, indicating that a period of high volatility could come soon.
A break above $0.035 could signal an upswing, while a move below $0.030 could forecast a further drop.
(https://cryptoslate.com/wp-content/uploads/2019/06/tron-mainnet-upgrade-2.png)
An ascending triangle could be forming on the 4-day chart, based on TRX price movements that allowed for a resistance level that was created by the swing highs, at $0.034, and a rising trendline that developed along the swing lows. Although this is a continuation pattern, since the price usually goes in the same direction as the trend before the triangle formed, a breakout can occur to the upside or downside.
If TRON breaks the $0.034 resistance level with enough volume, it could go as high as $0.038, which is the target given by the bullish formation. Conversely, a move below the triangle could indicate that TRX is about to fall to around $0.029.
(https://cryptoslate.com/wp-content/uploads/2019/06/tron-mainnet-upgrade-3.png)
TRON, currently ranked #12 by market cap, is up 1.5% over the past 24 hours. TRX has a market cap of $2.23B with a 24 hour volume of $505.79M.
https://cryptoslate.com/tron-new-mainnet-upgrade
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Mainnet Update
SwapNetwork
AMA
All events from TRON are always available and are always available for sale and purchase on various Exchange.
Mainnet might raise the price a little from the beginning now but maybe someday it will also reduce the price when there is a FUD for TRON.
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Rulez are up and available for review. Please provide comments. We need 15 to play this game and Id like to start on December 16th to celebrate the opening of TRON Legacy
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In my opinion also the same as it is part of the event which is held by the coin platform.
If a coin has no events or renewables, don't expect the coin to rise in price, and I'm sure the price will continue because the impression is ignored.
Far different from TRON which every day always goes up in Twitter tweet by Justin Sun.