Justin Sun Announces TRON Raising Energy Cap...
TRX Price Shoots
Founder Justin Sun announced that proposal 92 is officially into effect within the Tron community, thereby boosting the energy cap to 120 billion. This development will help to boost transactions for TRX stakers, lower the gas fee, and enhance overall network activity. Sun also praised the community for its efficient execution of the proposal.
The massive spurt in the traffic on the Tron Network last week came on the backdrop of the SunPump frenzy. Justin Sun is also supporting the meme crypto mania with analysts predicting that Tronâs meme coin season could be even greater than what we witnessed on Solana earlier this year.
As a result, the network is already making a few preparations in this direction in order to cater to the huge traffic boost that could come along.
TRX Price Rally Amid Meme Token Frenzy
After a minor pullback over the weekend, the TRX price has surged by 22% over the past week and is currently trading around $0.1653 with a market cap of $14.3 by unseating Cardanoâs ADA again for the tenth spot. This price rally comes amid the surge in the token burns amid the frenzy indicating the growing demand and reducing supply. Sun predicted a further surge in the meme projects launching within the Tron ecosystem.
SUNDOG is currently the largest meme project within the Tron meme ecosystem. As of press time, SUNDOG is trading at 12.46% up at $0.2494 with a market cap of $249 million. Over the past week, the SUNDOG Price is up by a staggering 214%. As of press time, other meme projects launched on SunPump have also gained between 20-60%.
TRX price important breakout above the 2021 high, and now proceeding toward its all-time high levels of $0.20. thereâs still potential upside left for TRX which could push it into a price discovery zone.
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