TRON TRX - Technical Analysis - Updated 29-April-2018 (190% Gain in 40 Days ) Sees the Silver Lining

Top-ranked cryptocurrencies like Tron (TRX) have overcome the turbulence and seems to have geared up for a bull run

Tron: TRX | BTC
3hr Chart
updated 7:00pm

Tron is looking very well. at 00000.907 satoshi. It has gain a massive 190% in just 40 Days.
We are currently making our way up Wave 3 (green line)
Wave 3 Target is at ~0000.1075 satoshi
Wave 5 Target is at ~0000.1424 satoshi

A lot of news on Tron lately:

Tron founder Justin Sun just unleashed a torrent of new information on the coin’s roadmap, mainnet launch, token migration, blockchain performance and super representatives election. With the launch of the main net, Tron claims that it is capable of solving scalability issues. Progressing towards the path of completely solving it, the Tron network will be able to conduct 1000 transactions at the rate of 1000 per second after Main Net’s launch. It is expected by the development team that the number will only increase as the developers continue to add to the platform. Tron has interested many cryptocurrency enthusiasts and recently Justin Sun had declared that there are more than 2500 active nodes in 31 countries. The statistics suggest the Tron main net project as one of the most active projects in the cryptocurrency arena.

The Tron Airdrop of 30 million coins
Even though Justin Sun had challenged Ethereum that the development team will raise Tron to newer heights, it cannot be ignored that Tron was initially developed as an ERC20 token on the Ethereum blockchain. Tron had thus generously announced on 21st April 2018 that it will airdrop 30 million TRX to the Ethereum community. According to the team

“TRON will airdrop 30M TRX to the Ethereum community as a show of our gratitude towards Ethereum for their support during TRON’s ERC20 phase, in addition to preparing for the Super Representative Elections after mainnet launch. TRON will airdrop 30M TRX (equivalent to approx. USD$1.7M) to an active user with a balance of over 1 ETH after January 1, 2018.”

The airdrop will reward 10 to 100 TRX tokens to the ETH holders that they can exchange for the main net tokens later. The TRX token holders will have the right to decide on the different types of nodes and delegates.

On top of that, there is news that Tron (TRX) will do a coin burn. Coin burns usually have the impact of significantly pushing up the value of a coin. That’s because they reduce the supply of coins in circulation relative to prevailing demand.

The biggest impact of these two events will come from the marketing capabilities of its founder Justin Sun. Justin is a major driving force behind’s Tron’s rise, and you can expect him to hype up these upcoming events in the next few days. His personality will play a role in taking Tron to the moon once the test net is launched and some coins are burned. Remember he has been hyping up the main net launch for some time now, even writing that it will take place earlier than scheduled! Such pronouncements have excited the market in the past.
https://cryptorecorder.com/2018/03/21/9-days-to-the-tron-trx-test-net-launch-and-coin-burn-mark-the-date/

-Happy Trading

Hope you guys find this helpful. If you like please help me by up vote-ing and sharing. thank you. note: I am not a qualified licensed investment advisor. I do not provide personal investment advice. This is just my daily blog for my entertainment and to challenge myself to be a better trader. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.!