Home > Analysis > Tron’s recent increased adoption propels the coin’s price to new heights

Tron’s recent increased adoption propels the coin’s price to new heights

Tron’s price has been subject to volatile swings due to a constant stream of bullish announcements from the Tron team. Additionally, the recent positive developments surrounding the platform have propelled the coin’s price to new heights and more gains are expected to follow in the coming weeks.

Just recently, Tron was made accessible to more than 2.2 million businesses and users as a payment method through the CoinPayments platform. Justin Sun made this announcement a few hours ago via Twitter. CoinPayments through their blog, stated that TRX is widely accepted in many markets on and offline. Thus its acceptance at an early age will help merchants reach a vibrant community eager to use Tron tokens. After the launch of Tron mainnet and their recent acquisition of BitTorrent, it would also be good to get a head start to accumulate coins by accepting TRON (TRX) payments from stores.

Additionally, Justin Sun announced that there will be a live stream of the TVM launch come August 30 where the full implementation of the virtual machine will be made available. The virtual machine entered its beta stage after a successful trial launch on June 25. In an interview, Justin said that, although the team has successfully equipped the launch of the TVM, they are still trying to clarify and ensure that things work out well after the launch.

These positive developments have propelled the coin’s price to new heights. Both RSI and price are forming higher lows in the market, showing signs of more buying pressure. Also, the MACD is converging and crossing its signal line to the upside showing that the selling pressure is dropping off. The coin’s price is currently trading at $0.021 after experiencing a 6% increase in the last 24 hours.

With the increased positive developments, do you think Tron’s price will achieve new all-time highs by the end of 2018?

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