Not surprisingly, Tron (TRX) traders have been facing some turmoil in recent weeks with the token dropping back to below the major support line of $0.04. But Tron (TRX) now appears to be considerably rallying as it gained momentum again, indicating a bullish rally that might bring good returns for investors.
Actually, yesterday, Tron (TRX) has risen by more than 6%, surpassing the projected movement rates of 55 and 100 days. These limits constitute the primary resistant thresholds for this cryptocurrency, and climbing over them is a strong signal of the upcoming upsurge. Therefore, TRX/USD trading may reach as high as $0.10 over the next couple of months, potentially breaching the USD level, eventually.
However, at the moment of this review, the Tron (TRX) cryptocurrency, as well as the majority of top cryptos in the market, started to drop in comparison to their trending at the same hours yesterday. Accordingly, TRX is trading at $0.037 losing a shallow 0.15% in the last 24 hours.
Tron (TRX) has the means to ensure a bullish run in the immediate period
The scheduled release of the Tron Virtual Machine by which devs can migrate their projects out of the Ethereum blockchain and into the newly developed Tron blockchain is also a fundamental milestone that should propel Tron TRX to a higher level of adoption and appreciation. The release of the Tron Virtual Machine is scheduled for July 31st.
Moreover, the Tron (TRX) adoption as a viable cryptocurrency for payments by sites including PornHub and Traffic Junky provides the necessary back-up for the TRX to flourish, all that while TRX was also teaming up with a number of other stakeholders in the gaming industry, such as Game.com.
Most importantly, however, the Tron (TRX) network is superior to Ethereum’s blockchain in the areas of performance, scalability, affordability, and speeds, and has the potential to bring more devs on the new network to benefit from these advantages.