{"id":569152,"date":"2024-08-26T11:17:02","date_gmt":"2024-08-26T11:17:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=569152"},"modified":"2024-08-26T13:56:51","modified_gmt":"2024-08-26T13:56:51","slug":"justin-suns-tron-price-prediction-as-community-hikes-network-energy-cap-to-120-billion-but-traders-shift-focus-to-this-100x-crypto","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/justin-suns-tron-price-prediction-as-community-hikes-network-energy-cap-to-120-billion-but-traders-shift-focus-to-this-100x-crypto","title":{"rendered":"Tron Price Prediction: TRON Community Hikes Network Energy Cap To 120 Billion As Traders Flock To This Olympic-Themed Meme Coin"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The TRON price jumped 4% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x9a84a1852bc7fb608794960960adb04666a12b41\"><span style=\"font-weight: 400\">to trade at $0.1665<\/span><\/a><span style=\"font-weight: 400\"> as of 03:37 a.m. EST on trading volume that soared 41% to $1.1 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comes after Justin Sun announced on X that the <a href=\"https:\/\/insidebitcoins.com\/news\/tron-price-plummets-6-despite-justin-suns-4b-revenue-forecast-as-traders-pivot-to-this-olympics-meme-coin-for-100x-potential\">TRON<\/a> community&rsquo;s proposal No. 92 has now taken effect, raising the energy limit to 120 billion. With the increased energy cap, TRX stakers will be able to conduct more transactions, reduce gas fees, and enhance network activity.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Proposal No. 92 of the TRON community is now in effect, raising the energy cap to 120 billion. This means more transactions for TRX stakers, lower Gas Fees, and increased network activity. I&rsquo;m impressed by the TRON community&rsquo;s execution. <a href=\"https:\/\/t.co\/RbwJvQ75Ds\">https:\/\/t.co\/RbwJvQ75Ds<\/a><\/p>\n<p>&mdash; H.E. Justin Sun &#23385;&#23431;&#26216;(hiring) (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1827763144426750262?ref_src=twsrc%5Etfw\">August 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>TRON Price To Breach Its Current Resistance<\/h2>\n<p><span style=\"font-weight: 400\">In the last week, the TRON price has been on an upward trend, rising through an ascending channel pattern in the last 4 days as the bulls struggled to overcome the $0.175 resistance, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x9a84a1852bc7fb608794960960adb04666a12b41\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">TRX now trades above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, affirming the current bullish stance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, the Relative Strength Index (RSI) is trading up towards the 70-overbought region, currently at 62, as buying pressure intensifies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Moving Average Convergence Divergence (MACD) is soaring over the neutral zone, a signal that the asset is currently on an uptrend. Moreover, the blue MACD line is trading above the orange signal line, forming a bullish crossover that could prompt a bullish rally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on the <a href=\"https:\/\/insidebitcoins.com\/news\/best-altcoins-to-buy-now-august-20-tron-nervos-network-notcoin-velo\">TRON<\/a> price analysis on the TRX\/USD 4-hour chart, the main indicators show that TRX could sustain its current bullish run, as the bulls target $0.19.<\/span><\/p>\n<figure id=\"attachment_569154\" aria-describedby=\"caption-attachment-569154\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-569154 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_TRX_2024-08-26_10-37-02.png\" alt=\"Tron Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_TRX_2024-08-26_10-37-02.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_TRX_2024-08-26_10-37-02-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_TRX_2024-08-26_10-37-02-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V2-_GeckoTerminal.com_TRX_2024-08-26_10-37-02-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-569154\" class=\"wp-caption-text\">TRXUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">However, in an inverse scenario, if the bears take control of the price at this level, TRX could plunge. The 50 SMA at $0.15 could then act as the immediate support zone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are buying the new Olympic-themed meme coin, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/thememegames\" rel=\"nofollow\"><span style=\"font-weight: 400\">The Meme Games ($MGMES)<\/span><\/a><span style=\"font-weight: 400\">, which has already amassed over $396K in its presale.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Jacob Bury, a popular crypto analyst on YouTube, $MGMES has the potential to surge 10X after its launch.<\/span><\/p>\n<p><iframe title=\"The Next 10X Meme Coin... The Meme Games PRESALE?! (Best Crypto to Buy Now?!)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/XSe4iGYkJ3o?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>&nbsp;<\/p>\n<h2>The Meme Games Presale Amasses Over $396K &ndash; Best Meme Coin To Buy Now?<\/h2>\n<p>The Meme Games is an innovative project blending the thrill of the Olympics with the playful world of meme coins. It offers crypto enthusiasts a competitive and entertaining presale event where participants can earn significant token bonuses.<\/p>\n<p>The concept revolves around popular meme characters competing for gold, capturing the excitement of the recent 2024 Olympics.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CRYPTO BREAKING NEWS<br>The Meme Games raises over $100K on  opening day of presale. The Meme Games presale raises over $100K in its  first 24 hours, capturing attention in the booming memecoin sector.  <a href=\"https:\/\/twitter.com\/hashtag\/partnercontent?src=hash&amp;ref_src=twsrc%5Etfw\">#partnercontent<\/a> check us out @ <a href=\"https:\/\/t.co\/8dh137buUp\">https:\/\/t.co\/8dh137buUp<\/a> <a href=\"https:\/\/t.co\/YwzyP2glE4\">pic.twitter.com\/YwzyP2glE4<\/a><\/p>\n<p>&mdash; InnovatekMobile (@Neome_com) <a href=\"https:\/\/twitter.com\/Neome_com\/status\/1813619814491177134?ref_src=twsrc%5Etfw\">July 17, 2024<\/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\">Here, investors support a meme character of their choice, which acts as an athlete competing in the blockchain version of the Olympics. Should they win, their backers will earn a 25% bonus. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As a token holder, you can earn passively through the project&rsquo;s staking mechanism as well. All you have to do is<\/span> <span style=\"font-weight: 400\">buy and stake $MGMES<\/span><span style=\"font-weight: 400\"> for an annual percentage yield (APY) of 489%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can buy $MGMES tokens now for $0.00935 each. With a price hike coming in less than five days, you will want to buy soon to lock in the best deal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To join the presale,<\/span> <span style=\"font-weight: 400\">buy $MGMES from the official website <\/span><span style=\"font-weight: 400\">using ETH, BNB, USDT, or a bank card. Buy now to win a 25% bonus on your investment.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/thememegames\" rel=\"nofollow\">Purchase and stake $MGMES here for the 489% APY before its price increases.<\/a><\/p>\n<h3>Related News<\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce\/\"><span style=\"font-weight: 400\">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! &#128640;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie\"><span style=\"font-weight: 400\">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! &#128640;&#128184;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/upcoming-binance-listings\/\"><span style=\"font-weight: 400\">New Upcoming Binance Listings in 2024<\/span><\/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\">PlayDoge (PLAY) - 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