The founder of TRON presented an active promotion to strengthen the Memecoin Ecosystem of TRON, providing a trading fee, unlimited free energy and up to $ 1 million developer incentives.
Justin Sun, founder of TRON (TRX), stated that he would fully promote the development of Tron’s memo ecosystem by expressing optimistic feelings to Memo Coin. He also said he would not benefit personally from the memes that started in Tron. Instead, he will donate all proceeds and cover all losses.
https://twitter.com/justinsuntron/status/190219476098905950
His appointment has already been embodied in the form of a transaction fee for trading Memecoins on the platform over the next month. In other words, the user can now trade the memes of the TRON without using the TRX. TRON will also completely deal with energy costs for Memecoin transactions with CAP. In general, users need to freeze TRX to get the energy needed to execute the smart contract, but this subsidy entirely removes it. Memecoin transactions in TRON with fees and unlimited free energy are now completely free for the next six months.
Justin Sun has recently promised a maximum $ 1 million funds to encourage developers to build Tron, in addition to giving up fees and paying energy subsidies. This fund is complemented by a list of priorities on major exchanges such as Huobi and Poloniex, so the new Memecoins can easily obtain visibility and fluidity.
As far as TRX prices are concerned, the combination of fees exemptions, energy subsidies and developer funds can prove that they are optimistic about TRX in the long run. Users do not need to pay transaction fees or energy costs for the next six months, but the influx of trading activities can increase the volume of transactions and generate overall network growth. For example, users can use profits in Memecoin transactions to increase demand for TRX by trading other assets for TRON.
In addition, the financial support of the TRON Memecoin developer can promote more development on the network, along with a priority exchange list. As the network grows into more projects, the demand for TRX will increase because developers use tokens to execute smart contracts.
The TRX is currently trading at $ 0.23, and it popped out of $ 0.20- $ 0.21 in local support areas. However, the MACD line is under the signal line and indicates that bears are still controlled. In other words, both lines start to be flat, so TRX Bear Rish exercise can be weakened.
In addition, RSI is 55.02 and is tracking up. It is still much lower than the over -purchasing area, which means that there is plenty of room for the price and the price will increase.
Based on these indicators, TRX Price is carefully optimistic in the short term. However, confirmation depends on violating major resistance levels. The immediate resistance is psychologically significant $ 0.25. The next resistance area is $ 0.28- $ 0.30, and the price is integrated from December to early January after the spike.