Staking Ether with Lido, Justin Sun claims TRON Protocol delivers a 25% payout that is six times greater
Staking Ether on Lido yields a 4% risk-free return, according to Justin Sun.
A return of 24.84% is six times what Sun claims the Tron staking mechanism gives.
TRON predicts a 7% increase and aims to reach $0.14.
Crypto specialist and TRON creator Justin Sun recently tweeted a comparison of the staking yield on TRON versus Ethereum. Sun generates a dividend of 4% on his Ethereum assets by staking them using Lido Protocol.
The payout from staking TRON is six times more than that of Ethereum.
X user Justin Sun recently tweeted a comparison between TRON and the return on investment from staking the second biggest cryptocurrency. Sun has come clean about his use of Lido, a DeFi staking mechanism, to stake his Ether holdings. By staking his Ether with Lido, Sun earns 4%.
Staking TRON, according to Sun, provides a yield of more than 24% inside the TRON protocol.
According to TokenTerminal's statistics, TRON protocol income is 50% more than Ethereum's. If Sun is correct, TRON has the potential to become the most lucrative blockchain in cryptocurrency by 2024, with a market cap of over $2 billion.
TRON anticipates a surge to $0.14
The current price of one TRX token is $0.1310. The token has the potential to reach $0.14, a crucial milestone for TRON, and extend its gains by approximately 7%. There has been resistance at the $0.14 mark since March 2024. In the $0.1330–$0.1350 range, TRON may encounter Fair Value Gap (FVG) resistance.
One indication that TRON's price trend is heading in the right direction is the Moving Average Convergence Divergence (MACD) indicator.
