Good afternoon, analysis for TRX, with a current price of $ 0.26, a percentage change of -2.27%, a significant volume and RSI above the line of 50 points.
You can appreciate graphically in 4h time a slightly significant bullish trend and a price recovery. It is estimated for the next few hours a small setback of at least 5% to 10%. To then continue its uptrend.
Fundamentally for today we have that TRON Foundation executive director, Justin Sun, has stated that a new update of the network will make the block chain outperform Ethereum and EOS in terms of speed and transaction costs. Speaking on Monday, October 8, Sun promised that TRON will offer speeds up to 200 times faster than Ethereum at prices up to 100 times cheaper than EOS. After its pronouncement, the markets responded favorably, which resulted in a price increase of 8 percent for the TRX token. This new article adds to the variety that TRX has had over the weeks, mainly with the intention of rescuing again and revaluing the project. If you are more interested, enter the following link.