To continually grow your portfolio, you need to keep at least 80% in strong, perpetual growth assets.
And only with the remaining funds, collect various alts that can really give you good earnings. The price for this is high risks and large drawdowns.
Fortunately, we are still far from the end of the bullish cycle. This means that most of your and our drawdowns in alts are temporary.
❗️It is important to understand that risk management is the basis for increasing your capital. If you only add alts to your portfolio that are not on the list of eternal growth coins, then you make your own conscious choice in favor of increased risk.
We have already said this many times before, but let us remind you that only 5 coins are considered eternal growth assets:$BTC $TON ETH BNB $TRX
For all these coins, we provide our updated forecasts when new and truly important input data appears.
Of course, during bear markets none of these coins will go up for obvious reasons, but that point is still a long way off...
Today we will talk about the TRON TRX coin again, as new important fundamental factors have emerged in favor of growth.
📈 Why will TRON continue to grow?
We have previously published posts about this coin with recommendations to buy (search through the posts).
In these posts we have already discussed the fundamental reasons for the inevitability of the coin's growth in the medium-long term, so we will not repeat this information.
Let us just remind you that the project’s tokenomics is structured in such a way that the coin will inevitably grow.
Now a new fundamental factor has emerged that will continue to have a positive impact on the coin’s rate.
You can already see this from the current dynamics of the coin, but what is happening now is a short-term euphoria, which will sooner or later lead to a correction in the coin.
However, after the correction, growth will inevitably continue.
🚀 TRX SunPump Growth Driver
For those who don’t know yet, the SunPump platform was recently launched on the TRX network, which allows for the mass creation of meme coins on the TRON blockchain.
Why is this important? 🤔
Yes, meme coins are all dummies, but it is important to understand one important thing. More than 18,000 meme tokens have already been created on this platform and in just 1 week, the TRX platform's income has grown by $1 million due to commissions.
Users are simply forced to buy TRX to create and secure their meme coins. Add to this the growth in the number of transactions and the resulting fees.
The project's tokenomics are structured in such a way that the more transactions it has, the less TRX is in circulation.
And this is a very important factor in addition to those already existing (read previous posts).
📊 What do TRON network metrics say?
1️⃣TRX token burning dynamics. As you can see, yesterday a record was set and in just one day more than 24 million TRX tokens were burned from circulation.
2️⃣Over this year, the coin has already reduced its emission by almost -4%.
3️⃣The number of active accounts and holders in the network is only growing.
It is obvious that in a situation where the number of TRX tokens decreases, and the user base and the number of transactions grow, the growth of the coin is inevitable. Moreover, this is not a short-term phenomenon, but a full-fledged trend.
🕯 Technical analysis of TRX coin
The TRX coin, unlike almost all coins on the market, did not stay below long-term moving averages for long during the crashes.
Moreover, the coin continues to trade successfully within its ascending channel, which has not broken for more than 2 years.
The TRON network coin only needs to make +10% to touch its previous historical price maximum and most likely update it a little.
It is precisely in this area that the upper boundary of the current ascending channel is currently passing.
Considering that the growth is now impulsive due to record liquidations of short sellers and the formed bearish divergence.
Probably, after a small update of the historical maximum, the coin will go for a correction of about -20%.
✔️ We personally do not plan to sell the coin, as we bought it in parts at the time of the previous posts about it.
In addition, there is a possibility that if the price breaks through the historical high, the coin may go flying, since there is already emptiness above.
Anyone who has a position on the coin taken at any price below $0.128 is advised to hold it until the end of the bull cycle.
The medium-term and long-term growth of the coin is inevitable, and the upcoming correction is only a local correction of the global trend 🚀
It is only important to understand that you should not expect huge X's in the coin, especially in the short term.
The project's capitalization is already very large and it is simply physically difficult for such projects to grow by large percentages.
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
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