Tron price prediction: Is TRX the next big thing as it approaches top 10 rankings?

Tron price prediction: Is TRX the next big thing as it approaches top 10 rankings?

The Blockchain Industry: Exploring TRON and Promising Altcoins

Introduction

The blockchain industry continues to evolve and gain traction as cryptocurrencies become more mainstream. As the market expands, investors are looking for the next big opportunity that can potentially bring significant returns. In this article, we will explore the recent performance of TRON (TRX) and take a closer look at two alternative coins, Wall Street Memes (WSM) and Burn Kenny Coin (KENNY), which are generating buzz in the market.

TRON’s Potential

TRON, currently ranked at #10 on CoinMarketCap, has been performing impressively in recent times. With a live market cap of $75 million and a circulating supply of 89,700,960,494 TRX coins, TRON is inching closer to securing a spot among the top 10 cryptocurrencies worldwide.

However, investors are curious about TRON’s potential to become a significant player in the crypto market. To assess this, we need to analyze its recent price movements, market rankings, and potential growth trajectory.

Is TRON Stable for Investment?

The stability of TRON above $0.08244 presents an opportunity for investors to consider buying. The breach of this resistance level has transformed it into a support level, and the presence of a bullish engulfing candle above this level strengthens the case for an ongoing uptrend.

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On the 4-hour timeframe, Tron has crossed below its 50-day exponential moving average, indicating a potential downtrend. Furthermore, the relative strength index (RSI) and the moving average convergence divergence (MACD) indicators are both positioned in a bearish zone, supporting the bearish outlook.

Considering these technical indicators, it is advisable to consider a short position if TRON drops below the $0.08244 level, with a target set at $0.07783. Alternatively, a bullish breakthrough above the $0.08499 resistance level may present potential buying opportunities, with upside targets at $0.08853 and $0.09079.

Promising Altcoins to Watch

Discover the potential of intriguing altcoins as they emerge in the crypto market. Currently, two coins are capturing attention – Wall Street Memes (WSM) and Burn Kenny Coin (KENNY).

Wall Street Memes (WSM)

Wall Street Memes, a well-known online community for individual investors, has achieved a significant milestone by successfully conducting the presale of its meme coin, $WSM. Within a few weeks of its launch, the presale raised an impressive amount of over $17 million.

During the presale phase, investors can acquire $WSM for $0.03222 per coin. The price will gradually increase to $0.0325 as the presale progresses, providing an opportunity for guaranteed gains for early participants.

Don’t miss out on the opportunity to take part in the Wall Street Memes presale and potentially benefit from its promising growth. Take action now and purchase Wall Street Memes to be part of this exciting and potentially lucrative venture!

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Burn Kenny Coin (KENNY)

Burn Kenny Coin, a top meme coin opportunity in 2023, created significant demand during its $500,000 presale, which sold out within 48 hours. Its launch on Decentralized Exchanges (DEXs) on July 24 is highly anticipated.

Trading of $KENNY starts at 18:00 CET on Uniswap, with 30% of the supply locked for three months, ensuring legitimacy and security. Inspired by South Park’s Kenny, Burn Kenny Coin is gaining attention in the meme coin market.

Don’t miss out! Visit Burn Kenny Coin now.

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Conclusion

The blockchain industry is constantly evolving, offering new investment opportunities for both seasoned and new investors. TRON, with its impressive performance, aims to secure a spot among the top cryptocurrencies. Additionally, alternative coins like Wall Street Memes and Burn Kenny Coin are creating waves in the market and capturing the attention of investors.

However, it is crucial to remember that investing in cryptocurrencies involves risks. Therefore, it is advisable to conduct thorough research, seek professional advice, and only invest what you can afford to lose.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.