Important Tron Cryptocurrency News
Tron Foundation Partners with Crypto & Proud to Promote TRX Use
There is no doubt that the coins that find utility will gain greater adoption. One of the ways foundations are pushing for adoption is by creating avenues through which their token will find use as a means of transfer of value and not merely as speculative instruments and store of value.
In view of this, the Tron Foundation recently partnered with Crypto & Proud to bring various merchandise to the Tron community.
In a tweet announcing the deal, Justin Sun, the Tron founder wrote that Crypto & Proud has made available some basic collectibles for purchase by the Tron community using the TRX. He also said that the collectible base will increase with time even as Crypto & Proud has been mandated to produce merchandise unique to Tron.
Presently, the products available for the Tron community at the Crypto & Proud store are T-shirts, Polo shirts and Iphone X cases.
A medium post about the arrangement said that Crypto & Proud ships internationally. So all holders of the Tron token (TRX) and holders of 50 other tokens can order from the store.
Justin Sun Already Has 800,000 Followers
And counting… Justin Sun has just announced that his Twitter followers have surpassed the 800,000 mark. According to him, this happened in a short time thanks to his “Tronics”. He then went on to announce that he has a surprise for everyone when he gains One million followers.
Sun also made another tweet announcing that the Tron Mainnet now has more accounts than the EOS Mainnet having surpassed EOS on September 4. Sun referred to trxplorer.io and eosflare.iowhich showed that the Tron network had 301,604 and 299,743 respectively.
Sun in the tweet concluded that just 71 days after the launch of the Tron mainnet, it has continued to gain recognition.
Apparently in an effort to create more awareness for the TRX, Binance has announced a trading competition in which the exchange will be giving away 1 million TRX. The competition lasts until September 13 and is for KYCed traders that trade volumes up to 300,000 TRX.
The Tron Foundation Working Hard On Fundamentals Yet…
TRX do not seem to be responding to the beehive of activities put up by the Tron foundation that in normal times would have reflected in the coin price. However, the coin is not among the worst hit as it has a buffer as it trades sideways. RSI equals 51.32.
The coin market is generally in a bearish mood as altcoins shed value in varying degrees. Tron has shed 6.95 percent in the past 24 hours trading at $0.01929. The call remains bearish as sells with stops at $0.22 is recommended.
Dalmac Ngetich suggests selling saying, “emphasis is to sell on every high in lower time-frames with targets at Jan 24 lows. A second look at the daily chart shows that any break below Aug lows would most likely spur the next wave of sells driving prices towards our penultimate bear targets.”