A year ago we recommended buying TRON coin$TRX without rates 👉Recall
And it turns out that a year later we will now again recommend you to buy this coin, although we already have more than +107% profit without leverage!
🤔 Why is TRX worth buying even now?
The coin grows throughout 2023 mainly due to the constant burning of the coin within the network, thereby reducing the coin’s emission.
We have already discussed this in detail in the previous post.
And after a while, the result of such tokenomics of the TRON network is already visible.
At a price of $0.11 per TRX coin, the supply of coins in 2021 was 101 million.
And now, at a price of $0.11 per 1 TRX coin, the issue is 88 million.
It turns out that in 3 years the issue of the TRX coin decreased by -12.87%!! And this trend will continue.
Coins with a deflationary model inevitably become the blue chips of the crypto market, especially considering that the coin is actually used by people, at least for USDT transfers with instant delivery.
The capitalization of the TRON project is only $10 billion, the same useless Solana $SOL has a capitalization of $44 billion
It turns out that it is quite possible to make +400% profit in the medium term from current prices.
🕯 Technical analysis
The coin has literally +25% growth left to renew its historical maximum, which means buyers are already serious.
When the historical high is updated, everyone will fly into the coin, accelerating its price higher, since higher up there is already emptiness and there is no resistance.
Moreover, the coin has already successfully consolidated above the psychological mark of $0.1.
The coin has been growing all year within the ascending channel.
Now the trend has begun to strongly round off, which can lead to increased volatility.
The volume profile shows that very thin zones of resistance remain above.
💰 Yes, the coin may fall from the current one to -13%, but the potential upward movement is up to +300% in the medium term.
If you plan to take at current levels, and did not take previously according to our recommendation, then be sure to use a stop at $0.099.
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