TRON / TETHER
TRX / USDT
From March 13, 2020 until today the price has remained in a kind of bullish channel increasing its value by approximately 162% in just 3 months ... so at the time of writing this the price is around 0.01822882 per exchange
I estimate that the price will continue to increase due to the volume of bulls, bringing the price to 0.02000000.
To meet the downtrend once again, only time will tell us if the price breaks the trend or if the bears end up prevailing.
TRON / ETHEREUM
Exchange price 0.00007499 just as of this writing. As a main trend it continues to be a downtrend as well as the secondary trend
A descending triangle is the one we have today in the TRX / ETH pair. Drawing point A on March 6 followed by point B on April 6, followed by point C on April 24 to finish forming point D on May 13 of the current year.
In addition there is a very well mounted resistance at 0.00007615 because today the market opened a candle with a large volume of bulls breaking the resistance without problems but hours later a large rejection to the downside was presented by the bears.
In summary, the price is interacting with the descending triangle, which indicates that all the probabilities will continue to be a bearish continuity.
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TRON / BTC
TRON / BITCOIN
A big bearish trend is the main trend in this pair accompanied by a secondary bearish trend
formed from July 23, 2019 to today
at the moment the exchange price for tron is 0.00000187
Although a brief bullish momentum was formed starting on May 18, today ends because the price will have a strong drop in the 0.38% level of the Fibonacci retracement.
followed by a strong rejection to continue its downtrend. Bulls say goodbye today with a large exhaustion candle
It is a great entry point for bassists
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Justin Sun has announced that the highly anticipated TRON 4.0 will be released on July 7.
The key to this new iteration of Tron's core network will be the new Smart Contract Privacy Protocol using zk-SNARKS.
Privacy will be a separate feature on the Tron blockchain and the given TRX will not be anonymous.
The Smart Contract Privacy Protocol supports all standard TRC20 tokens.
Waiting for an exact TRON 4.0 release date has finally ended with Justin Sun revealing that the updated Mainnet will be released on July 7. Justin Sun made the announcement via Twitter with an additional open letter available on Medium. Mr. Sun's tweet announcing the release date of TRON 4.0 can be found below.
The TRON 4.0 smart contract privacy protocol will bring a bunch of new features including armored transactions, efficient smart contracts, verifiable transactions, etc.
In a major announcement last Saturday, June 6, TRON Foundation CEO Justin Sun discussed a major update coming to the TRON core network next month.
Interestingly, the TRON team claims that TRON 4.0 has the record of being the first smart contract privacy protocol supported by a virtual machine, giving users more security, increased productivity and energy efficiency.
While previous versions of TRON's core network only worked with the Traditional Proof of Stake (TPOS) consensus algorithm, TRON 4.0 combines the excellent properties of Proof of Proof of Stake (DPoS) and practical Fault Tolerance algorithms. Byzantines (PBFT) to offer users super-fast transaction confirmations (3 seconds), enhanced security and more.
In addition, the team says it has integrated a robust TICP cross-chain protocol into the network to enable communication and interoperability between chains.
At a time when Ethereum is dominating the world of decentralized finance (DeFi), powering almost all of the current DeFi dApps, TRON says its latest update comes with an enterprise blockchain solution that has access to financial institutions and Businesses quickly develop their custom financial applications
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