Coin of the day is TRON
On June 25th, 2018, 2:00 UTC. Founder and CEO of TRON Justin Sun announced that “June 25th marks the day of TRON’s independence from Ethereum”.
At the conference, Justin Sun introduced TRON’s latest achievements and plans:
Although, BitMex will list TRON Futures Contract, but not on 28…
“Due to popular demand, we will be listing the BitMEX TRON / Bitcoin 28 September 2018 futures contract, TRXU18, on or before 26 June 2018 08:30 UTC.
Update: due to the current Binance system downtime, the BitMEX TRXU18 listing will be postponed. We will post another update before listing.”
Conclusions
TRON coin is worth close attention in the nearest month. The fewer problems and troubles will arise at this time - the more likely to see strong growth.
Technicals
The technical view represents the fundamental situation as always, the coin is drawing a bottoming pattern, fluctuates with high volumes around in the 100-days EMA zone, above Bearish Trend Line. TRXBTC still struggles to break above 0.000007 level but have enough place for the lateral movement and gaining volumes above the Bullish Trend Line in the 0.0000065 – 0.000007 zone. A breakthrough above 0.000007 and 0.0000075 afterward will signal a start of the growth cycle. From the downside, to draw a turnaround pattern will be possible till 0.000006 level.
On June 25th, 2018, 2:00 UTC. Founder and CEO of TRON Justin Sun announced that “June 25th marks the day of TRON’s independence from Ethereum”.
At the conference, Justin Sun introduced TRON’s latest achievements and plans:
- May 25th, launch of virtual machine in beta
Regarding virtual machines, Sun said:
“We launched our first version of the virtual machine on May 25th, which is fully compatible with Ethereum’s virtual machine environment. Developers can use Solidity to develop, debug, and compile in a familiar Remix environment without having to learn a new coding language. On July 31th, we will launch the official version of TVM, which will allow developers to use the TRON virtual machine to develop decentralized apps that are significantly better than Ethereum and unlock a powerful decentralized ecosystem.”
- May 31th, the launch of mainnet Odyssey 2.0
Sun explained the difference between June 25th Independence Day and May 31th mainnet launch:
“Becoming independent from Ethereum is a complex process. It needs the community’s consensus to initiate the network and conduct large-scale collaboration. We need the consensus of more than one million users in the TRON community to launch the mainnet and achieve complete independence from Ethereum”.
- June 25th, creation of Genesis block, independence from Ethereum
TRON has completed token migration from ERC20 to mainnet. The community consensus initiated the TRON network and generated the Genesis block, which signifies TRON’s official independence. TRON is now one of the most competitive major public chains in the world.
- Secret project
“I think one of the most important values of Tron is we delivering our products and mission on time. So as you see, we delivered our testnet on the March 31st, our mainnet on may 31st, and officially are launching our mainnet on June 25th. The next very important milestone is July 30th- we will deliver our official virtual machine. All the decentralised exchanges and applications on the Tron platform are plugged into the Tron ecosystem. July 30th we will launch one of our secret projects”
This “secret project” he said, will result in a 100 million active users using Tron platform in the future and that they are eagerly looking forward to launch this project. He added that the “secret project” will be more significant than the mainnet launch that’s happening today.
“I think July 30th will begin a new era for Tron”
Although, BitMex will list TRON Futures Contract, but not on 28…
“Due to popular demand, we will be listing the BitMEX TRON / Bitcoin 28 September 2018 futures contract, TRXU18, on or before 26 June 2018 08:30 UTC.
Update: due to the current Binance system downtime, the BitMEX TRXU18 listing will be postponed. We will post another update before listing.”
Conclusions
TRON coin is worth close attention in the nearest month. The fewer problems and troubles will arise at this time - the more likely to see strong growth.
Technicals
The technical view represents the fundamental situation as always, the coin is drawing a bottoming pattern, fluctuates with high volumes around in the 100-days EMA zone, above Bearish Trend Line. TRXBTC still struggles to break above 0.000007 level but have enough place for the lateral movement and gaining volumes above the Bullish Trend Line in the 0.0000065 – 0.000007 zone. A breakthrough above 0.000007 and 0.0000075 afterward will signal a start of the growth cycle. From the downside, to draw a turnaround pattern will be possible till 0.000006 level.
