Justin Sun, Founder of Tron DAO, has expressed his confidence in the future of the ecosystem. This comes at a time when TRX price is trembling, possibly under the bearish wave across the crypto market. Nevertheless, TRX price projection remains optimistic, and the ecosystem is likely to announce more developments.
Justin Sun on the Future of Tron DAO
Justin Sun, through an X post, has emphasized that Tron would become a paradise, adding that it could take a lead in two different interactions. These are AI Agent-to-Agent and Machine-to-Machine.
His confidence also possibly stems from recent developments like the integration of CoolWallet in the Tron blockchain ecosystem. For reference, the integration brings down transaction costs for CoolWallet users and enables secure management of TRX.
This comes closer to the integration of Kolo Hub with the Tron network. The integration essentially facilitates a direct movement of funds from the Tron Network to Kolo crypto cards.
TRX Price on Charts
TRX price has declined by 4.12% over the last 24 hours. It is now listed at $0.2694, which is also down by 6.62% over the last week. Overall, Tron tokens are down by 38.91% from their ATh of $0.4407, which was recorded on December 04, 2024. However, Justin Sun has hailed the accumulation of Tron tokens by Tron Inc.
Tron Inc. recently announced acquiring 180,093 TRX at an average price of $0.28. Its total TRX holdings now stand at over 680.1 million, with plans to acquire more tokens. The objective is to grow Tron holdings to enhance the long-term value of shareholders. Justin Sun had sought continuity to the activity by saying, keep going.
TRX Price Projection
The next 3 months could see TRX price surge by 25.09%, taking the value as high as $0.3364. The ongoing volatility is around 3.10% with a single-digit FGI of 9 points. The 14-Day RSI is 28.66, signaling the nature of being oversold.
TRX is testing critical support levels of $0.2646 and $0.2506, along with resistance levels of $0.2786 and $0.2926.
TRX price can still be influenced by the overall bearish sentiments across the global crypto market. The collective market cap is down by 6.56% to around $2.27 trillion with an FGI rating of 5 points. It is important to do thorough research and risk assessment before crypto investments.
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