Tron has since been in the limelight for good reason following its incredible performances in the market and the development events that the network has lined up for this year. TRON’s price boosted in recent weeks and went on to trade above 0.1 USD as at the end of April. But the digital token gave into pressure in crypto markets trimming of gains it acquired only last month. TRON’s Mainnet launch is scheduled to hold this Month, and the team has announced that it is ready to effect the migration from Ether to Tron Blockchain.
TRON is known to reward people who use its network as well as investors with valuable items including the TRX coins. Last December the TRON community was promised a Mercedes-Benz and Maserati in collaboration with Binance. The TRON foundation also revealed through its CEO Justin Sun that it will will be giving a dream home away this year. The details of this giveaway will be made known in sync with TRON’s Mainnet in coming weeks.
TRON’s aim is to decentralize the internet using Blockchain technology. Big corporations instead of individual consumers control the internet. There is a broad range of censorship, demonetization, and negative impact of the internet presently. TRON seeks to offer the internet with a system that ensures that each user will be able to pulish, store, and own their data freely. TRON was created as a token from of the Ether Blockchain originally.
TRX/USD Price Analysis
TRON’s price is currently trading at 0.069 USD, although it has exchanged above the 0.072 USD mark during Asian trading hours. TRX/USD slipped below $0.070 but was supported by the both the 50 SMA and the 100 SMA. On the upside, the bulls are looking forward to attacking $0.074 before gaining the momentum to retrace towards $0.08. The immediate support is at $0.068, however other support targets include zones at $0.066 and $0.064.