Why TRON should go up in price ?
Ethereum (ETH) and STEEM’s recent upward momentum signals renewed capital rotation into altcoins, particularly those with strong liquidity and established ecosystems. TRON (TRX), with its high transaction throughput and active DeFi/USDT settlement layer, typically lags ETH price action but benefits once ETH strength drives broader risk-on sentiment. STEEM’s move shows renewed interest in legacy social/blockchain projects, which correlates with TRON’s ecosystem given its ownership of Steemit. This cross-chain narrative, plus TRON’s stable on-chain activity, suggests TRX has strong probability of upward repricing following current ETH and STEEM rallies.
Why TRX Could Go Up (Tying to ETH / STEEM Moves)
ETH strength tends to boost broader altcoin appetite. A breakout in TRX above $0.35 (which aligns with rising ETH risk appetite) could trigger further gains.
The fact that STEEM (a related or adjacent ecosystem / legacy social blockchain) is also moving suggests capital rotation may favor TRX as well.
If TRX can convincingly break above $0.37, that could shift resistance into support, giving room for further upside.
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0.00 SBD,
0.04 STEEM,
0.04 SP
I would love to stake TRX but the issue with TRX is the sharp increase in transaction costs during strong upward crypto movements. That would make the gains less significant especially for retail investors and traders.