Crypto is one of the most competitive niches in the world right now. And to be on top of crypto, you need to be the guy that takes balls. Justin Sun is exactly this guy. Not only he has balls, he is also a billionaire and the creator of one of the biggest crypto projects TRX ▼-0.73%. It’s time to look closely at TRX price analysis and Justin’s adventurous life.
With a $26,8 billion market capitalization, TRON is sitting at #8 in CoinGecko charts. The casual volume of $470 million for the last 24 hours and the price of the coin at the time of the writing at $0.2832. This is something that not everybody can build.
TRON
Price
Market Cap
TRX
$26.93B
24h7d30d1yAll time
TRX Price Analysis and What to Expect
When you look at the weekly time-frame chart of TRX, you just cannot unsee it. It is one constant grind upwards like a staircase to heaven, or financial freedom, some could say.
When we jump to a smaller time frame, like daily, you can see a well-structured chart. First, we have a huge spike to the $0.44 price mark, then immediately cool off back to a consolidating channel between $0.22 and $0.26 mark.
On the volume profile, we can see that this consolidation has been very strong from a volume perspective and will act as support in the future. Though it feels like it is not going to be needed.
Right now, the price is staying very strong and consolidating in a new parallel channel between the $0.26 and $0.29 mark.
Although many people are talking against Justin and his project, TRX, there is no sign that either of them is performing badly. This leaves us with the question: Can TRON become a top 5 project or even replace Ethereum as the #2 by capitalization in the future?
Justin Sun is also well-known outside the crypto world. He has been on the cover of Forbes, calling him “Crypto’s Billionaire Barker.”
From a visionary to a global force — honored to be featured on Forbes as Crypto’s Billionaire Barker. TRON’s journey continues, powering a global payment system with 300 million users and counting. Decentralization will prevail. pic.twitter.com/m6FXcbrvMJ
But that doesn’t stop him from being loud. With his most recent and extravagant “Banana Art” move, he shocked a big part of the world.
At the New York auction, Sun bought Comedian Maurizio Cattelan’s framed banana duct-taped to a wall for $5.2 million ($6.2 million including fees). Then dramatically ate the banana on stage, leaving people in awe.
And let’s not forget that Justin Sun is worth a whopping $8.5 billion, putting him somewhere between the Top 10 richest crypto people.
Bitcoin: The No.1 Crypto That Made Billionaires
You cannot say the word “Crypto” without saying the word “Bitcoin.” BTC has been the backbone of every crypto enthusiast, even Justin Sun. Everybody has had BTC at some point in time or interacted with it in some way.
That’s why it is important to support the #1 crypto coin and try to evolve it in every possible way. This is what Bitcoin Hyper is doing right now. It is a new project bringing the new crypto tech to the biggest and strongest crypto coin.
In a way, wrapping your BTC creates the same amount of new BTC that you can use in various new ways, like DeFi, staking, or in decentralized exchanges.
Boosting the transaction speed to another level and reducing fees without compromising security in any way. Periodically, the state of L2 is checked by Bitcoin’s Layer 1 to maintain synchronization.
And at any time you want, you can always unwrap those coins and get your Bitcoins on the BTC chain.
Bitcoin Hyper is powered by the native token $HYPER, which is currently on presale for $0.01215 per 1 $HYPER. Further, you can stake your coins for additional rewards for an amazing 403% APY.
Overall, having the first Layer 2 on Bitcoin is a big deal, and most definitely, it is going to make noise through the crypto universe.
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Crypto is one of the most competitive niches in the world right now. And to be on top of crypto, you need to be the guy that takes balls. Justin Sun is exactly this guy. Not only he has balls, he is also a billionaire and the creator of one of the biggest crypto projects TRX ▼-0.73%. It’s time to look closely at TRX price analysis and Justin’s adventurous life.
With a $26,8 billion market capitalization, TRON is sitting at #8 in CoinGecko charts. The casual volume of $470 million for the last 24 hours and the price of the coin at the time of the writing at $0.2832. This is something that not everybody can build.
TRX Price Analysis and What to Expect
When you look at the weekly time-frame chart of TRX, you just cannot unsee it. It is one constant grind upwards like a staircase to heaven, or financial freedom, some could say.
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When we jump to a smaller time frame, like daily, you can see a well-structured chart. First, we have a huge spike to the $0.44 price mark, then immediately cool off back to a consolidating channel between $0.22 and $0.26 mark.
On the volume profile, we can see that this consolidation has been very strong from a volume perspective and will act as support in the future. Though it feels like it is not going to be needed.
Right now, the price is staying very strong and consolidating in a new parallel channel between the $0.26 and $0.29 mark.
Although many people are talking against Justin and his project, TRX, there is no sign that either of them is performing badly. This leaves us with the question: Can TRON become a top 5 project or even replace Ethereum as the #2 by capitalization in the future?
Justin Sun is also well-known outside the crypto world. He has been on the cover of Forbes, calling him “Crypto’s Billionaire Barker.”
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But that doesn’t stop him from being loud. With his most recent and extravagant “Banana Art” move, he shocked a big part of the world.
At the New York auction, Sun bought Comedian Maurizio Cattelan’s framed banana duct-taped to a wall for $5.2 million ($6.2 million including fees). Then dramatically ate the banana on stage, leaving people in awe.
And let’s not forget that Justin Sun is worth a whopping $8.5 billion, putting him somewhere between the Top 10 richest crypto people.
Bitcoin: The No.1 Crypto That Made Billionaires
You cannot say the word “Crypto” without saying the word “Bitcoin.” BTC has been the backbone of every crypto enthusiast, even Justin Sun. Everybody has had BTC at some point in time or interacted with it in some way.
That’s why it is important to support the #1 crypto coin and try to evolve it in every possible way. This is what Bitcoin Hyper is doing right now. It is a new project bringing the new crypto tech to the biggest and strongest crypto coin.
In a way, wrapping your BTC creates the same amount of new BTC that you can use in various new ways, like DeFi, staking, or in decentralized exchanges.
Boosting the transaction speed to another level and reducing fees without compromising security in any way. Periodically, the state of L2 is checked by Bitcoin’s Layer 1 to maintain synchronization.
And at any time you want, you can always unwrap those coins and get your Bitcoins on the BTC chain.
Bitcoin Hyper is powered by the native token $HYPER, which is currently on presale for $0.01215 per 1 $HYPER. Further, you can stake your coins for additional rewards for an amazing 403% APY.
Overall, having the first Layer 2 on Bitcoin is a big deal, and most definitely, it is going to make noise through the crypto universe.
To keep up with the latest news, you can join X and Telegram
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Key Takeaways
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