Tron Rises 23% Amid Developments
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Tron (TRX) investors continue to feel bullish even as the market dips after certain on-chain developments help investor sentiment remain high.

According to CoinGecko, the token has increased more than 24% since last week, a sign that investors on the platform have held TRX and accumulated to capture more gains. 

Tron’s developments will help TRX hold against the downward trajectory the market has taken today. However, questions remain about whether the token will continue to go against the broader market or follow the dip. 

Tron On-chain Developments Drive TRX Sky High

With Tron’s focus on stablecoin development made apparent by Tron founder Justin Sun last month, yesterday saw a big win for the platform as Tether minted over $1 billion USDT without paying any gas fees on the platform.

This placed Tron in the crosshairs of critics as they questioned the “no gas fee” transaction with an individual pointing out that they are charged a dollar for a simple swap approval. 

Despite this, Tron handled a third of Visa’s annual settlement volume while gaining over half a billion dollars in fees in as little as 3 months. This, according to Tron, makes it clear that “blockchain is more than just a buzzword.”

TRX To Face Possible Downturn Soon?
The token’s current position is an awkward balance between the bulls attempting to break through the $0.1665 ceiling and the bears also attempting the reverse by eyeing the $0.1583 floor. 

As it currently stands, TRX is on an untenable position as it forces the bulls to continue buying without regard to the token’s overall momentum.

#TRX #TRON #SUNPUMP #MEMECOINS #MtGoxRepayments $BTC $TRX $ETH

贾斯廷·孙成为自由国总理，SUNPUMP推出基于TRON的迷因币

最近，贾斯廷·孙被任命为自由国的总理，这标志着TRON生态系统的新里程碑。为了纪念这一重要时刻，SUNPUMP宣布推出一款以自由国为主题的基于TRON的迷因币。

自由国是一个追求独立的小国，旨在利用区块链技术和加密货币的创新实现自主治理。作为区块链技术的先锋，贾斯廷·孙表达了他在这一新领导角色下进一步发展自由国数字经济的承诺。

SUNPUMP的一位代表表示：“在贾斯廷·孙的领导下，自由国将成为加密货币和区块链技术的中心。这款在SUNPUMP推出的新迷因币体现了这一象征意义，并为许多人提供了参与的机会。”

这款迷因币捕捉了自由国的独立和创新精神，旨在为TRON生态系统的用户提供新的投资机会。SUNPUMP计划通过销售这款币支持自由国的可持续发展，并为实现贾斯廷·孙的愿景做出贡献。

随着贾斯廷·孙的就职，自由国的未来充满期待，而来自SUNPUMP的基于TRON的迷因币将成为这一创新旅程开始的信号。

#SUNPUMP
#Leberland

Justin Sun Becomes Prime Minister of Liberland, Launching TRON-Based Meme Coin on SUNPUMP

Recently, Justin Sun has been inaugurated as the Prime Minister of the Liberland Republic, marking a new milestone in the TRON ecosystem. To commemorate this momentous occasion, SUNPUMP has announced the launch of a TRON-based meme coin themed around the Liberland Republic.

Liberland is a small nation striving for independence, aiming to leverage blockchain technology and cryptocurrency innovation for autonomous governance. As a pioneer in blockchain technology, Justin Sun expressed his commitment to further developing Liberland's digital economy with this new leadership role.

A representative from SUNPUMP stated, "Under Justin Sun's leadership, Liberland will become a hub for cryptocurrency and blockchain technology. This new meme coin, launched on SUNPUMP, embodies that symbolic meaning and offers an opportunity for many to participate."

This meme coin captures the independent and innovative spirit of Liberland and is set to provide TRON ecosystem users with new investment opportunities. SUNPUMP plans to support the sustainable development of the Liberland Republic through the sale of this coin and contribute to realizing Justin Sun's vision.

With Justin Sun's inauguration, expectations for the future of Liberland are rising, and the TRON-based meme coin from SUNPUMP is poised to be a signal marking the beginning of this innovative journey.

#SUNPUMP
#Leberland

BitTorrent price prediction: What’s next as BTT soars 20%, outshines Bitcoin?
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BitTorrent [BTT], the native token that enhances the capabilities of the file-sharing platform, BitTorrent protocol, was the top daily gainer on 21st August, per CoinMarketCap.

At the time of writing, the token’s +20% upswing saw the token outperform the rest of the market, including Bitcoin. However, it hit a key Q3 supply zone at $0.00000095. Will the rally continue? 

The slump in early August saw BTT drop to a yearly low, breaking the record of $0.00000077 set in February. 

However, the massive pump on 20th August tipped BTT to reverse all the early August losses. But the price hit the Q3 peak and supply zone at $0.00000095 (marked red).

Can bulls push forward for extra gains?
Based on chart indicators’ readings, the supply zone could prove challenging. The Stochastic RSI (Relative Strength Index) was in the oversold zone, which tends to signal price reversals. 
Collectively, the indicators revealed high buying pressure, but a trend reversal was also likely. 

If so, selling at the supply zone could push BTT towards $0.00000084. 

Conversely, BTT could eye an extra 8% or 16% if the token rallies further to the overhead targets at $0.000001 or 200-day SMA (Simple Moving Average), respectively. 

The liquidity flowing into BTT’s derivatives market, tracked by Open Interest (OI) rates, surged to over $1.5 million, levels last seen in March when BTT hit a yearly high of $0.0000022.

This underscored bullish sentiment in the futures market. 

However, based on the liquidation heatmap, which tracks key possible inflection points for price, the $0.00000097 was a crucial level on the upside. 

#BitTorent #BTT #TRX #TRON #SUNPUMP $BTTC $TRX $BTC