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TRON

Best Case Scenario: TRX is going to $250In the realistic possibility that a vast majority of TRX is burnt in the next year, we could see a hyper deflationary spiral causing TRX to increase 35x-100x in market cap, and 3000x in price. Based on the average burn rate of 284 million TRX per day since USDD launched, it's possible that 99% of the circulating supply of TRX is removed from circulation over the next year or so. This means there could be only 1 billion TRX in circulation in the near future, and a price of $250 per TRX is realistic in that scenario because it would be a market cap of only $250 billion, still significantly smaller than what Bitcoin is today and roughly equal to Ethereum's current market cap. It should also be noted that BTC and ETH are expected to increase over this period of time as well to several trillion market cap each. There are 32 billion TRX staked and the TRON DAO holds about 28 billion TRX , that leaves less than 45 billion TRX currently "circulating," though at the right price many people will begin unstaking and selling. These sales will likely end up getting burnt by USDD redemptions or network fees, ultimately moving the supply that is available for sale closer to 0. Even if the available supply remains around 10 billion TRX (minus TRON DAO coins which will likely be burnt or remain off the market during this time) a $250 price and $2.5 trillion market cap is still possible and would be much smaller than BTC would be at that point, assuming Bitcoin likely goes to at least $200k-$1m If the giga bull scenario doesn't happen a move to $10 is still very likely as the supply should remain hyper deflationary to keep up with the demand for USDD for the foreseeable future. A move to $10 at 10 billion supply would be only $100 billion market cap which is less than half of what ETH is today, and again ETH could also be expected to rise to $10-20k over the same period making it's market cap well into the trillions. Eventually demand for USDD will begin to reverse when collateralization becomes riskier and interest rates are cut, leading to people redeeming USDD for TRX , and likely causing a massive correction in TRX . possibly larger than the -97% correction we saw after the 2018 peak, and in a worst case scenario TRX could end up in a death spiral like LUNA if the USDD peg is broken and redemptions are not paused soon enough. I think that the TRON DAO Reserve will learn from LUNA's mistakes, and that USDD will ultimately have much better collateralization, and in the risk of a death spiral redemptions for TRX will be paused before the supply of TRX becomes too large like what happened with LUNA. The death spiral may actually be avoided by simply cutting the APR when collateralization becomes too low, which LUNA and UST never did and that led to UST being undercollateralized. By cutting the APR they also cut the demand which can lead to a more orderly exit from USDD, rather than everyone rushing for the exit at the same time like with UST . As people exit USDD in a more orderly fashion the collateralization levels become greater and the risk of a death spiral decreases to near 0. The catch is if USDD is collateralized by risky assets like BTC or TRX , then there is systemic risk if those assets suddenly crash and now the reserve dollar value has rapidly declined to less than the total issuance of USDD. For now there are enough stablecoins to back USDD at greater than 1:1 ratio so there is virtually no risk of a death spiral, but even an orderly exit from USDD will cause downward pressure on TRX prices. Even without a death spiral a massive correction is likely after a move to triple digits, especially when the TRON DAO Reserve is forced to eventually cut USDD rates, which will put downward pressure on TRX as capital begins to leave USDD and the supply of TRX may actually begin to increase. The key is for the TDR to avoid a hyperinflationary spiral by taking on too much debt, much like when a central bank takes on too much debt and their currency begins to hyperinflate to pay for this debt. While the exact price may not be clear at this point, what is clear is that TRX's supply has entered into a hyper deflationary spiral and if it keeps up at the rate it is going a vast majority of TRX will be burnt in a year, and the price of TRX is going to have to go much higher to meet the demand for USDD issuance and 30% APR that is offered by USDD staking. Even if the market cap remains the same the price could still increase by 10-100x over the next year or two because the supply of TRX is rapidly declining and that trend is likely to continue as long as USDD APR remains high and the TRON DAO Reserve remains overcollateralized. I would watch for resistance around psychological levels because that is likely where the most sell liquidity will be found to meet the demand of USDD redemptions, around $1 (61.8 extension), $10 (1.0 extension), $100, and finally $250 (161.8 extension of wave-E )
KRAKEN:TRXUSDLong
by Intuit
26
Tron Hits New All-Time Low, Over 170% Growth Now Possible!Just yesterday Tron (TRXUSDT) hit a new All-Time Low. This low hit basically at the same level as back in June 2021. June 2021's low was set at 0.04651 and was followed by a 160% bullish wave. June 2022's low was set at 0.04604 and we are likely to see a strong bullish wave follow. Remember our famous saying... Once we reach bottom, the only place left to go is up. Tron just hit rock bottom... It is time to WAKE UP & GROW! Namaste.
Long
by MasterAnanda
5
Tron (TRX) Jumps 24%, Is It A Recovery Or A Dead Cat Bounce?TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group. The TRX token has registered a tumbling week as it dropped with correlating with the other major cryptocurrencies. However, the recent surge has helped the token recover from its recent dump. The TRX prices dropped by around 23% over the past 7 days. It is trading at an average price of $0.0624, at the press time. One of the main reasons considered for the Trx’s price collapse has been the de-pegging of TRON’s stablecoin. USDD is trading at a price of $0.977, at the press time. The stablecoin has shown some improvement as it is up by around 1.6% in the past 24 hours. The USDD token went on to touch the price level of $0.96 on June 15, 2022. Meanwhile, TRON stablecoin’s market circulation has stood at 723.3 million while its market cap has shrunk to $707.2 million. However, the blockchain team took many measures to counter the recent slump. Justin Sun, Head of TRON, announced the plan to withdraw 2.5 billion TRX tokens from the Binance crypto exchange. The withdrawn tokens’ worth amounted to around $125 million. Meanwhile, TRX’s 24 hour volume has surged by around 70% to stand at $2.6 billion. In a bid to provide more stability and global growth to its tokens, the TRON joined hands with Crypto Finance. The release mentioned that more TRON based tokens will be added in the future. This collaboration will provide different access to the network.
BINANCE:TRXUSDLong
by Anthony123111
2
Tron TRX - Bad NewsHey Guys and Gurls! Hope you're having a great day! It's sunny in Incheon, but there are some dark clouds in the Tron-verse... Justin Sun is reportedly withdrawing millions or billions of TRX...: JUST IN: Tron withdraws 948 million #TRX ($48M) from Binance "to safeguard the blockchain industry and crypto market." -From WatcherGuru tweet Also this article: watcher.guru TRX is pretty surely going downward, so we can trade the pullbacks on the way down, and take profits on the "breakdowns".. However you feel confident to trade. I try to make sure I only go short when stochastic RSI is overbought, on higher and shorter timeframes. (higher most important, but timeframe depends on your leverage... Higher leverage requires higher "sniper"-accuracy in the entry price. Okay, enough for now, Good luck, and God bless! :) -Thomchris777
Short
by thomchris777
2
📊Are TRX and USDD next SCAM coins? $3B to save the peg!Should you have to short the TRON with x20 leverage? In this idea i explain you all pros and cons for traders in the current situation. 📊USDD is the alghoritmical stablecoin that start to lost it`s peg with USD. This is very similar to the case of UST that lost it`s peg a month ago. Of course you remember the Luna and Luna 2.0 that lost almost all capitalization because of UST peg. 🔶Will it happen to TRX? Now CEO of the Tron (TRX) announce additional money flow to protect the USDD(Tron stablecoin) to dave it`s peg to USD (1:1). There is about $3 billion in reserves right now to save Stablecoin and Tron project but peg is continuing to fall. 🔶Should i sell or buy TRX? Friends, check this idea that was published at May 9. When TRX pumped i tell that is not the best time to buy it. After the second liquidity collection of the value area it fell for -46%(!). At the current situation the value area of $0.3-0.33 could become the huge support for the price and revesal point. The value area of $0,59-0,66 is the resistance for the price. And if the TRX return to this area it will be hard to break it. As you can see at the volume indicator the bars are not even renew it`s higs or previous highs. 🔶 No one knows what happend to price but technical analysis in combination with volume indicator could help you to open a trade and understand the nest price movements. ✅Now after -46% DUMP i don`t reccomend you to gamble. Better to save the money to the possible bullish trend in 1-2 year or use small part of your depo to stufy trading this situations. Actually, i don`t recommend you to trade such dumps without using trading strategy as it was with lunatics at Luna 1.0 dump. They almost destroyed. Additionally, today is the a day of uncertainty. The FED meeting can dump the stock and crypto markets after rate hikes to 0,75%! 🏁Traders, write your thoughts about current situation with Tron. Will the USDD lost it`s peg and we need to open a short or it skyrocket to the moon in 2-3 months? 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
6
TRON Deploys $700 Mln To Support USDD StablecoinDespite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deploy over $2 billion. With the USDD stablecoin briefly losing its peg, Tron deployed $700 million to support the stablecoin and maintain redemptions. Justin Sun in a Twitter post highlighted that the funding rate of shorting TRX token on the world’s biggest crypto trading platform, Binance has redhead 500% ARP. The announced amount will help them to fight it. He added this situation won’t last for even 24 hours. The TRON DAO informed that to counter the current situation they have received 700 million USDC. This amount will be used to defend the USDD peg. It added that its collateralization rate is nearly 300%. In another update, it mentioned that DAO has added 100 million USDC to the Binance to buy more TRX.
BINANCE:TRXUSDLong
by Roberto411
Tron is dying? New Luna?😱😱😱Tron dropped 18% and looks like it only accelerates. It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply. How death spiral may look like? As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on. I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
Short
by Artem_Dishel
3