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- TRON’s meme strategy and rising network activity could push TRX to break past $0.13, setting the stage for a potential surge to $0.30.
- Justin Sun’s $4B revenue projection relies on key strategic shifts like lower fees and increased liquidity from Tether’s $1B USDT minting.
According to recent updates from TRON’s CEO, Justin Sun, the network is on track to generate over $4 billion in revenue in the coming year. In a previous CNF post, we discussed that the TRON Network will welcome a new meme coin fair through SunPump. If TRX can break through the current resistance level of $0.13, the altcoin may be poised to retest its all-time high in the near term.
Sun’s projection hinges on a strategic approach that includes lowering transaction fees and raising the energy cap on the network. As stated in today’s tweet, Justin Sun believes these measures will drive daily transactions above 20 million within three months, ultimately boosting TRON’s market share and profitability.
IMO, lowering fees and raising the energy cap won’t hurt TRON’s profitability. The fee cut should drive transactions to 20M+ daily in three months, expanding market share and boosting profits. More energy will also encourage TRX staking for free transfers.
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 21, 2024
Sun’s optimism is also fueled by TRON’s recent victory against the SEC and its integration into Dex Screener, which is expected to enhance the network’s visibility and attract more users.
In addition to these developments, Tether has significantly bolstered TRON’s liquidity by minting one billion USDT tokens on the network, contributing to the $19 billion injected into TRON over the past year. As of today, TRON (TRX) trading surged by 16.18% in the past week, with the current price of $0.1532. Will TRON’s Meme Strategy Propel TRX to $0.30? See the TRX price chart below.
