If we are beginning the next major crypto rally, we can expect that the coming wave-G will be similar in size to the previous wave-E the entire market experienced in 2017. However, TRON only began trading in November of 2017, so based on extrapolations from other cryptocurrencies Wave-E on TRX will only be 50-62% of Wave-G in price. In other words, Wave-G on TRX should relate to wave-E by 162-200% (on a log scale). This gives us a price target of 45-350 USD and we could hit this price as soon as the middle of next year.
This will likely be a huge bubble and when TRX is in triple digits it will be quite over-valued and could see a very long lasting correction after wave-G is finished, which could see declines of 90%+. So I will definitely be looking to cash out around those prices.
With ETH gas fees reaching extremely expensive prices, we are likely to see a huge migration over to TRON's superior network, which is extremely low fee, high throughput, and nearly instant confirmation speeds. DeFi on TRON is just getting started, and many ETH projects are in the process of migrating over to TRX. DeFi may have started on ETH, but it will excel on TRX.
This will likely be a huge bubble and when TRX is in triple digits it will be quite over-valued and could see a very long lasting correction after wave-G is finished, which could see declines of 90%+. So I will definitely be looking to cash out around those prices.
With ETH gas fees reaching extremely expensive prices, we are likely to see a huge migration over to TRON's superior network, which is extremely low fee, high throughput, and nearly instant confirmation speeds. DeFi on TRON is just getting started, and many ETH projects are in the process of migrating over to TRX. DeFi may have started on ETH, but it will excel on TRX.
Commentaire:
This count needs a slight revision. Most likely we're in wave-e of F right now (or alternatively wave-g of F). This means we'll likely need to drop back under 2 cents in the short-term. Long-term target of 40-350 remains the same, but it may take until late 2021 or 2022 to achieve that price.
Commentaire:
With Bitcoin about to break ATH's it seems likely we should see a lot of mainstream media coverage and new retail money entering the space, much of which will look to "buy the dip" on "cheaper" altcoins like TRX.
We are likely going to head towards ATH pretty quickly and TRX will likely out perform BTC in the coming months.
We are likely going to head towards ATH pretty quickly and TRX will likely out perform BTC in the coming months.
Commentaire:
It appears as though we are nearing the end of wave-E and that we are going to make a very large move up within the next couple of months. If this count continues to hold true then we should see $1-10 by this summer. This will only be the beginning of a larger trend which could take us all the way to around $100+
It appears as though we are nearing the end of wave-E and that we are going to make a very large move up within the next couple of months. If this count continues to hold true then we should see $1-10 by this summer. This will only be the beginning of a larger trend which could take us all the way to around $100+
Commentaire:
Moving all future updates to this updated chart:
