{"id":427845,"date":"2023-08-08T15:06:06","date_gmt":"2023-08-08T15:06:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=427845"},"modified":"2023-08-08T15:06:06","modified_gmt":"2023-08-08T15:06:06","slug":"tron-price-prediction-is-this-coin-about-to-skyrocket-or-should-you-consider-allure-of-wall-street-memes","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tron-price-prediction-is-this-coin-about-to-skyrocket-or-should-you-consider-allure-of-wall-street-memes","title":{"rendered":"TRON Price Prediction: Is this Coin About to Skyrocket or Should You Consider Allure of Wall Street Memes?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">TRON displays bearish movements today, despite the buzz in its community triggered by the Tron Foundation founder Justin Sun&rsquo;s letter to <a href=\"https:\/\/insidebitcoins.com\/news\/paypal-launches-paypal-usd-stablecoin-announces-giveaway\">PayPal<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TRON&rsquo;s founder, Justin Sun, recently <\/span><span style=\"font-weight: 400;\">reached out<\/span><span style=\"font-weight: 400;\"> to PayPal with a compelling proposition, suggesting that the payment gateway provider issue PYUSD on the TRON network.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I cordially invite PayPal to consider issuing PYUSD on <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&amp;ref_src=twsrc%5Etfw\">#TRON<\/a>, which is Fast, secure, and cost-effective with 12 billion USD daily transactions. Mutual benefits await in the digital payment landscape. Let's collaborate for a thriving ecosystem! &#128591;<\/p>\n<p>&mdash; H.E. Justin Sun &#23385;&#23431;&#26216; (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1688573051179552768?ref_src=twsrc%5Etfw\">August 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Such news should generate a positive enough sentiment to trigger a rally. But the reverse seems true for TRON, whose price has declined nearly 1% in the last 24 hours.<\/span><\/p>\n<h2>TRON Under Bears&rsquo; Attack<\/h2>\n<p><span style=\"font-weight: 400;\">While this initiative, if successfully adopted, positions TRON for a brighter future, the token&rsquo;s price still faces heightened sell pressure. Over the last week, the token has fallen 2.35%, with a 0.45% 24-hour price decline. Also, TRON has lost its past month&rsquo;s gains as its current price is over 3% lower than its value 30 days ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At 05:30 am EST, TRON trades at $0.07631. Interestingly, TRON has received a slight increase in investor attention since its trading volume observed a boost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CoinMarketCap <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/tron\/\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> shows TRON has recorded an 11.60% increase in 24-hour trading volume. This observation signals a potential boost in price in the next few hours.<\/span><\/p>\n<h2>TRON&rsquo;s Recovery Draws Closer, Hitting Major Support Level<\/h2>\n<p><img decoding=\"async\" class=\"wp-image-427848 aligncenter\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-at-7.37.29-PM-1024x452.png\" alt=\"Tron\" width=\"828\" height=\"366\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-at-7.37.29-PM-1024x452.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-at-7.37.29-PM-300x132.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-at-7.37.29-PM-768x339.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-08-at-7.37.29-PM.png 1246w\" sizes=\"(max-width: 828px) 100vw, 828px\"><\/p>\n<p><span style=\"font-weight: 400;\">The bears have long dominated the TRON market, but the technical indicators above suggest their grip on the market is gradually loosening.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The histogram has created vivid red bars over the past week and is forming new partial red bars. This setup shows the bears are gradually receding from the market and might give in to the bulls in a few hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 200-day Moving Average also backs the bullish possibility on the market. The chart above shows that TRON is trading above the 200 MA, a potential long-term bullish signal.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the MACD line remains below the signal line, reflecting the presence of bears on the market. The token&rsquo;s price has dropped below the 50-day MA, and the RSI of 41 strengthens the chances for continuous selling movements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But it&rsquo;s worth noting that this may only last for a while, given the support position at $0.07634. This position has held TRON&rsquo;s price and presents a good chance for a reversal. As such, TRON could briefly regain its previous uptrend in the next few hours.<\/span><\/p>\n<h2>Investors Find Better Alternative With Wall Street Memes<\/h2>\n<p><span style=\"font-weight: 400;\">WSM<\/span><span style=\"font-weight: 400;\">, the Wall Street Memes ecosystem token, has been disrupting the crypto market with its successful token presale. It has amassed an impressive $22.290 million as of August 8.<\/span><\/p>\n<p><iframe title=\"The next big MEMECOIN? Wall Street Memes.\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/WJynoC8bfRY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The genesis of this movement traces back to the 2021 challenge against the Wall Street capitalists, which later birthed the WSM token presale in 2023. <\/span><span style=\"font-weight: 400;\">With a robust community of over 1 million members across social media, the prospects of a listing on major crypto exchanges seem promising.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A key aspect of the initiative is its commitment to empowering the community, as evidenced by allocating 30% of the token supply for rewards, including potential airdrops.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Experts anticipate significant potential gains for WSM upon its exchange listing, making the presale an attractive opportunity for savvy investors.<\/span><\/p>\n<h3>Assurance of huge returns through solid fundamentals<\/h3>\n<p><span style=\"font-weight: 400;\">Supported by solid fundamentals, WSM&rsquo;s trajectory showcases the substantial potential for lucrative returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent surge beyond the $20 million mark, driven partly by a significant crypto &ldquo;whale&rdquo; investment, brings the project closer to its $30 million hard cap. Given the heightened interest in this project, this hard cap is expected to be achieved in the coming weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The mysterious identity of the investor has added intrigue, with speculations suggesting involvement from a potential crypto influencer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This endorsement has solidified WSM as one of 2023&rsquo;s most promising crypto ventures. Aspiring participants can join the Wall Street Memes Discord channel and engage in social media tasks to have a chance to claim a share of the $50,000 worth of $WSM tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently available at $0.0331 per token, the opportunity to acquire $WSM tokens remains appealing to smart investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, as the end of the presale event draws nearer, intending investors are encouraged to engage in it before Wall Street Memes makes its grand market debut.<\/span><\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/api3-anticipated-price-spike-coinciding-with-xrp20s-market-ascent\">API3: Anticipated Price Spike Coinciding with XRP20&rsquo;s Market Ascent<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/uk-police-charge-farmer-for-blackmailing-tesco-for-1-5m-in-bitcoin\">UK Police Charge Farmer For Blackmailing Tesco for &pound;1.5m in Bitcoin<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-altcoins\">Best Altcoins to Buy Now for 2023<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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TRON&#8217;s founder, Justin <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1935,"featured_media":414336,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-427845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRON Price Prediction: Is this Coin About to Skyrocket or Should You Consider Allure of Wall Street Memes?<\/title>\n<meta name=\"description\" content=\"TRON displays bearish movements today, despite the buzz in its community triggered by the Tron Foundation founder Justin Sun\u2019s letter to PayPal. 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