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Tron Price Action Indicates A Surge to the $0.04 Target in the Near Future

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It appears the crypto market opened trading today on a bad note. We can expect the day not to bring any sort of good news for intraday investors. The reason for this is because the majority of the coins in the market began the day falling according to the price charts. The current overall market cap of the digital as the market stands at $34 billion per coin market cap.

Tron has been affected by the general price drop experienced by the entire crypto space. if we closely look at the Tron price from June 10 to this date, the chart for the TRX/USD pair tells a different story altogether. The price action of the coin could be heading in the direction of the market trend, but any potential increase in the Tron price will also be indicated. How has Tron performed in the last 24 hours?

Tron Price Prediction: Tron’s Current Market Data

According to data by coin market cap, the price of Tron is changing hands at $0.033921 at press time. Tron also had a Return on Investment of 1547.44% and daily trade volume of the digital asset stands at 768,802,776 USD. Tron also had a circulating supply of 66,682,072,191 TRX and total market capitalization of $2,253,388,662 as of when this content was published.

The action of the virtual currency reflects a price increase in the last 30-days the charts. The price of Tron was trading at $0.02924 as of 10 June. Then the price of the coin later escalated to the $0.03359 position from its opening price at the time. This progression reportedly marked an increase of 14.86%.

The price of TRX eventually started moving up on the Tron daily chart. The major price jump for the digital asset was registered when Tron price reached the $0.039949 position after increasing $0.032881. This time the price progression reached 21.50%.

Later, the price of Tron slipped from the $0.039286 position to trade at $0.030205 which is a 22.91% drop. The month of July opened for Tron price with a 3.67% drop as it changed from the $0.031760 position to trade at $0.030593. However, the digital asset kept moving up from that point and is now trading at the $0.033921 area.

Comparing the Price of Tron from 30 Days Earlier to Current Levels

The price of TRX reportedly changed from the $0.029244 area as of 10 June to trade at $0.033921 as of 10 July. This price change for the digital asset was a difference of 16.11%. In the last 10 days, the price of Tron has also registered a surge. The counters have changed from the $0.031 area to the $0.033 region which is an increase of 6.99%.

The price of Tron is expected to increase for the coming period according to the daily chart for TRX/USD. By the end of this year, the price of Tron (TRX) could reach the $0.05 position.

The future prospects of the coin seem to be favorable as Tron is expected to flourish in the long term.  Hence, crypto traders can dig in carefully and book their profits at a future date. It is advisable to follow market trends daily to understand them properly to make an informed decision.

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Crypto Firm Chief Accepts Invitation to Warren Buffett Lunch With Tron’s Justin Sun

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Jeremy Allaire, chief executive officer of crypto-powered finance firm Circle, has just accepted an invitation to join Tron and BitTorrent CEO Justin Sun for a lunch date with legendary investor Warren Buffett. Allaire, who founded the Goldman Sachs-backed Circle in  2013, will attend the event along with Charlie Lee, the creator of Litecoin, the world’s fourth-largest cryptocurrency, who has also confirmed his attendance as one of Sun’s guests.

The high-profile lunch comes on the heels of a series of intense debates about the caliber and integrity of the cryptocurrency industry with critics calling it everything from a scam to a cesspool, and supporters calling it revolutionary.

The topic was a key focus among G7 finance ministers who gathered in Chantilly, France on Wednesday. While regulators have reached no clear consensus on a regulatory framework, Facebook’s entry into the space – and the reality of its 2.5 billion users – have driven tremendous attention and a sense of urgency for lawmakers to act swiftly.

In the US, the ongoing controversy over crypto sparked two consecutive congressional hearings this week with politicians debating Libra while grilling Facebook’s David Marcus. The tech giant’s plans to launch a digital coin on a new global payments platform sparked even deeper discussions about Bitcoin and cryptocurrencies in general, evoking a critical tweet from President Donald Trump and warnings from Treasury Secretary Steven Mnuchin.

As progress heats up and blockchain developers continue to build new products and services, Sun says that both Trump and Buffett, who have made strident remarks condemning cryptocurrencies, are ill-informed about the tech, its benefits and its important use cases around the world. He hopes the face-to-face meeting will allow him and his colleagues to give Buffett a broad overview and a better understanding of the digital economy, shattering the old tropes and stereotypes about Bitcoin as a vehicle for crooks.

Sun also made one of his customary announcements via Twitter about an upcoming announcement, indicating that something significant is in store for his two platforms, Tron and BitTorrent

Sun won the upcoming lunch date on July 25th with the Berkshire Hathaway CEO by placing the winning bid of $4.56 million last month at Buffett’s annual charity auction for the GLIDE Foundation, a non-profit organization that provides services for the homeless in San Francisco.

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Tron back in the limelight after Ledger integrated with TronLink to boost mainstream adoption

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Tron, the Justin Sun-led cryptocurrency, has been in the news multiple times this year, on the back of several updates and developments. The cryptocurrency is in the limelight again after its latest partnership with Ledger, the popular hardware wallet. On July 18, it was revealed that Ledger will be integrated with TronLink, Tron’s very own Google Chrome extension.

TronLink announced the same on Twitter and tweeted,

“We are pleased to announce that @Ledger, the global leading hardware wallets, has been functionally integrated to #TronLink. Ledger users can manage and transfer their #TRON-based assets through TronLink now.”

The official press release from TronLink informed users that they can install the Tron application on the Ledger Nano S or the Ledger Blue, in order to manage their respective TRX tokens on the TronLink plug-in. The movement into the hardware market was seen by the community as a step by Tron to boost mainstream adoption, not just in the software sector, but also in an area where rival cryptocurrencies have gained a foothold.

The partnership with TronLink is one of several that Ledger has participated in and aligns with the words reiterated by Ledger CEO Pascal Gauthier a few weeks ago. He had said,

“It’s time that the market stop making promises and starts delivering first.” Following the remarks “we not here to promote currencies. Crypto winters bring innovation; it forces you to ask the right question. But like all weathers, this winter must also come to an end.”

Tron was also in the news recently after the Foundation revealed plans for its previously postponed TRC20-USDT incentive plan. The updated TRC20-USDT Incentive Plan 2.0 will allow users to tap into a reward pool of 200 million Yuan. Tron had said,

“We hope to encourage users to exchange the USDT in their balance with TRC20 USDT. The campaign is set to run till mid-August. Holders of TRC20 USDT can get token airdrop as returns on a daily basis, and the annualized return date can be as high as 100 percent.”

Source:ambcrypto

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Tron CEO Justin Sun Teases ‘Huge’ Announcement While Preparing for Lunch with Warren Buffett

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Justin Sun keeps the Tron community in suspense, but its members are seemingly not impressed

Tron CEO Justin Sun has just spilled the beans about some sort of ‘huge’ announcement that is coming next week.

Currently, the twitterati is preparing for his highly anticipated lunch with Warren Buffett, asking his armada of followers to suggest some good questions.

An announcement of an announcement  

Sun is known for acting coy with Tron’s huge user base, thus amplifying the hype around his project. However, the impact of this marketing trick on the price of TRX is rather dubious. For example, he made a similarly obscure tweet on Jun 1 that generated thousands of likes, but the coin remained in the red.

Judging by the reception of his most recent tweet, it seems clear that this tactic has become tired, and many of Sun’s followers are simply ridiculing him. In fact, it was hard to find at least one user who would be genuinely excited about this.

Ask Warren Buffett 

Whatever the announcement is, it will be most definitely overshadowed by Sun’s lunch with billionaire Warren Buffett that will also take place next week. As reported by U.Today, the Tron CEO forked out a whopping $4.5 mln to win this year’s charity lunch with the Oracle of Omaha.

Despite skepticism, Sun is certain that he could win over the stubborn crypto hater. In the interim, he asked his followers to come up with some questions for Buffett.

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