Things keep happening for Tron. It’s processed more than 100 million transactions already, according to Justin Sun (CEO and founder). The community anticipated zero transaction fees by the Friday that just gone past, 28th.
About a couple of weeks ago, Mr. Sun reported through his Tweeter account that the Tron network has now processed more than a hundred million transactions and that the environment will probably support zero transaction first 21st.
The TRX/USD trading pair has been on the soft side of things since November 29th, after it peaked at the turn of last month. Support for TRX has remained reliable within that near-term demand zone. It has happened since last November 20th and it’s provided comfort for the coin and it’s prevented a free fall that could have brought it down below the one cent limit.
Technical behavior aside, Tron’s fundamentals remain solid as a rock. Mr. Sun keeps the community updated all the time through Twitter. A lot of promise is still held by Tron’s daily transactions and activity.
Tron went over 100m transactions
Mr. Sun went to his account on Twitter, as usual, and announced that the network is over one hundred million transactions. He tweeted:
#TRON has reached 100 million transactions today. #TRX $TRX pic.twitter.com/HrDFQxn6Te
— Justin Sun (@justinsuntron) December 16, 2018
As you can see above, Sun also provided a screenshot of the platform which provided proof of the transaction numbers.
Two million per day
Mr. Sun has not stopped ringing the bell of Tron’s achievements. The project keeps breaking new records all the time and Mr. Sun is there to let us know. Recently, it went over two million completed transactions per day which are quite impressive in its own but even more so when you compare it with other players, as in this tweet:
#TRON's new record of 2,64 million daily transactions in comparison w/ the Top 5 #crypto👇🏽#TRX 2,646,532 Txs volume is:
9.6 times more than #Bitcoin's 275k
4.6 x #Ethereum's 567k
4.1 x #Ripple's 633k
188 x #Tether's 14k
264 x #Stellar's 10k#IAmDecentralized 🖖🏽#TronFOMO$TRX pic.twitter.com/USVIQ6Jspf— Misha Lederman (@mishalederman) December 15, 2018
‘Zero’ Transaction fees about to arrive.
Keeping his Twitter account alive, Mr. Sun also posted this:
Breaking News! 📢📢📢
The transaction fee of #TRXMarket has dropped to 0.1% at 07:00(UTC) on Dec 14th! 👏👏 And 0 transaction fee will be realized by next Friday, go trade: @ https://t.co/tflRhfOusM tele: https://t.co/TjFjcXhsk2 #TRON $TRX @justinsuntron @Tronfoundation
— PoloniDEX (@PoloniDEX) December 14, 2018
If we take Mr. Sun at face value, then the network will be at 0 (zero) transaction fees by now. And we should because this is a project in which the leadership always delivers.
Tronix vs USD trading pair: Technical analysis
This trading pair might be in for interesting gains if the bulls keep up the current momentum they’ve been providing. The current resistance level needs to be broken if the coin is going to move north and go to $0.022 and up to $0.024. Up until August, $0.016 was the currency’s support level. Breaking that level was a bit of a challenge, taking into account the acting demand. But that happened.
Then there’s the TRX/BTC trading pair which is getting near a game-changing zone. The price had hiccups during August (and October), so it’s not a sure thing at all. A quick look into the daily charts shows that a lot of bears are installed there. That causes for the price to go back down free-falling every time. If that level is cleared, then we should see a renewed tide of ‘buying pressure’ that could change the game.
Image courtesy of PixaBay.
