{"id":377675,"date":"2019-04-08T18:00:56","date_gmt":"2019-04-08T18:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=377675"},"modified":"2024-06-11T18:25:45","modified_gmt":"2024-06-11T18:25:45","slug":"are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls\/","title":{"rendered":"Are Prospects of Tron\u2014Ethereum Merger and Side-chains Supporting TRX Bulls?"},"content":{"rendered":"<ul>\n<li><em>Tron (TRX) buyers in control, add 19 percent from last week\u2019s close. <\/em><\/li>\n<li><em>Sun Network introduces sidechains expanding Tron\u2019s capacity.<\/em><\/li>\n<\/ul>\n<p><em>They may be feuding and posting sarcastic comments, but Justin Sun says Ethereum collaboration may happen this year. If anything, that is bullish, and once it is official, Tron (TRX) will easily expand above 4 cents.<\/em><\/p>\n<h2>Tron Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Here\u2019s one fact. Vitalik, the resolute and the unyielding founder of Ethereum will lose faith in humanity if Tron\u2019s valuation exceeds ETH&#8217;s, which is at second after Bitcoin. At the same time, Justin Sun has promised to build a monument just in case his platform\u2019s valuation spikes, flipping Ethereum to second. That\u2019s the kind of rivalry between the two.<\/p>\n<p>While they are competitors which ardent followers, it is now emerging that the two may collaborate this year according to reports. In an interview with <a href=\"https:\/\/badcryptopodcast.com\/thecryptochick\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Rachel Wolfson\u2019s TheCryptoChick<\/a>, Justin Sun acknowledged that competition is healthy and would ultimately help the cryptocurrency space grow.<\/p>\n<blockquote><p><em>\u201cFirst of all, everybody knows that Tron and Ethereum compete in the dApp [sector], for sure. But I think definitely that this competition will result in a better product \u2013 the competition between Ethereum and Tron benefits the whole industry.\u201d<\/em><\/p><\/blockquote>\n<p>Adding that;<\/p>\n<blockquote><p><em>\u201cI think that even within this year we will see Tron officially collaborate with Ethereum, and will be something good for the industry.\u201d<\/em><\/p><\/blockquote>\n<p>Perhaps in readiness, the Sun Network, which Justin says is all about interoperability and side-chains, seeks to expand the Tron Network capacity and overall TPS.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">My recent <a href=\"https:\/\/twitter.com\/badcrypto?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@badcrypto<\/a> interview with <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@justinsuntron<\/a> of <a href=\"https:\/\/twitter.com\/tronfoundation?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Tronfoundation<\/a> is now live! <a href=\"https:\/\/t.co\/Zo8GFrhKx1\" rel=\"nofollow\">https:\/\/t.co\/Zo8GFrhKx1<\/a> Listen to what Justin has to say about the USDT-TRX <a href=\"https:\/\/twitter.com\/hashtag\/stablecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#stablecoin<\/a>, thoughts on enterprise <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#blockchain<\/a> and thoughts on <a href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@ethereum<\/a><\/p>\n<p>&mdash; Rachel Wolfson (@Rachelwolf00) <a href=\"https:\/\/twitter.com\/Rachelwolf00\/status\/67920384?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 6, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-377677\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?resize=1280%2C1024\" alt=\"Tron TRX\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Tron-Daily-Chart-Apr-8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>After peaking in mid-Jan 2019, days before the historic BitTorrent ICO, TRX has been in consolidation mode, dropping to as low as 2.1 cents before recovering as Bitcoin inched higher hauling altcoins from Feb pits.<\/p>\n<p>All the same, we note that Tron (TRX) despite plans of the SUN Network and potential collaboration with Ethereum is yet to clear Jan highs and 3.1 cents. As a result, and in line with our last <a href=\"https:\/\/wncen.com\/2019\/03\/22\/tron-trx-firm-above-2-cents-odyssey-v3-5-upgrade-is-consequential\/\" target=\"_blank\" rel=\"noopener noreferrer \">TRX\/USD trade plan<\/a>, risk-off traders should stay in the sideline even though TRX is registering double-digit gains and up 19 percent in the previous week.<\/p>\n<p>Ideally, what we would like is a high-volume break above 3.1 cents or Jan 27 highs confirming the double bar bull reversal pattern of Jan 13-14. Undoubtedly, that will set in motion the next wave of higher highs thrusting prices towards 4 cents, our immediate target.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Because of our trade plan and the realization that buyers are yet to clear 3.1 cents, we shall retain a neutral but bullish outlook. Any rally above 3.1 cents must be with high transaction volumes exceeding Feb 4\u201442 million confirming buyers of Jan 14.<\/p>\n<p><strong><em>Chart courtesy of Trading View<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron (TRX) buyers in control, add 19 percent from last week\u2019s close. Sun Network introduces sidechains expanding Tron\u2019s capacity. They may be feuding and posting sarcastic comments, but Justin Sun says Ethereum collaboration may happen this year. If anything, that is bullish, and once it is official, Tron (TRX) will easily expand above 4 cents. Tron Price Analysis Fundamentals Here\u2019s one fact. Vitalik, the resolute and the unyielding founder of Ethereum will lose faith in humanity if Tron\u2019s valuation exceeds ETH&#8217;s, which is at second after Bitcoin. At the same time, Justin Sun has promised to build a monument just in case his platform\u2019s valuation spikes, flipping Ethereum to second. That\u2019s the kind of rivalry between the two. While they are competitors which ardent followers, it is now emerging that the two may collaborate this year according to reports. In an interview with Rachel Wolfson\u2019s TheCryptoChick, Justin Sun acknowledged that competition is healthy and would ultimately help the cryptocurrency space grow. \u201cFirst of all, everybody knows that Tron and Ethereum compete in the dApp [sector], for sure. But I think definitely that this competition will result in a better product \u2013 the competition between Ethereum and Tron benefits the whole industry.\u201d Adding that; \u201cI think that even within this year we will see Tron officially collaborate with Ethereum, and will be something good for the industry.\u201d Perhaps in readiness, the Sun Network, which Justin says is all about interoperability and side-chains, seeks to expand the Tron Network capacity and overall TPS. My recent @badcrypto interview with @justinsuntron of @Tronfoundation is now live! https:\/\/t.co\/Zo8GFrhKx1 Listen to what Justin has to say about the USDT-TRX #stablecoin, thoughts on enterprise #blockchain and thoughts on @ethereum &mdash; Rachel Wolfson (@Rachelwolf00) April 6, 2019 Candlestick Arrangement After peaking in mid-Jan 2019, days before the historic BitTorrent ICO, TRX has been in consolidation mode, dropping to as low as 2.1 cents before recovering as Bitcoin inched higher hauling altcoins from Feb pits. All the same, we note that Tron (TRX) despite plans of the SUN Network and potential collaboration with Ethereum is yet to clear Jan highs and 3.1 cents. As a result, and in line with our last TRX\/USD trade plan, risk-off traders should stay in the sideline even though TRX is registering double-digit gains and up 19 percent in the previous week. Ideally, what we would like is a high-volume break above 3.1 cents or Jan 27 highs confirming the double bar bull reversal pattern of Jan 13-14. Undoubtedly, that will set in motion the next wave of higher highs thrusting prices towards 4 cents, our immediate target. Technical Indicators Because of our trade plan and the realization that buyers are yet to clear 3.1 cents, we shall retain a neutral but bullish outlook. Any rally above 3.1 cents must be with high transaction volumes exceeding Feb 4\u201442 million confirming buyers of Jan 14. Chart courtesy of Trading View<\/p>\n","protected":false},"author":384,"featured_media":347586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[8323,1946,12098,34238,11808,11993],"class_list":["post-377675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-ethereum","tag-justin-sun","tag-sun-network","tag-tron","tag-trx"],"acf":[],"yoast_head":"\n<title>Are Prospects of Tron\u2014Ethereum Merger and Side-chains Supporting TRX Bulls?<\/title>\n<meta name=\"description\" content=\"Tron (TRX) buyers in control, add 19 percent from last week\u2019s close. Sun Network introduces sidechains expanding Tron\u2019s capacity. 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Sun Network introduces sidechains expanding Tron\u2019s capacity. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Are Prospects of Tron\u2014Ethereum Merger and Side-chains Supporting TRX Bulls?","url":"http:\/\/wncen.com\/news\/are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-trx2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-trx2.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","justin sun","sun network","tron","trx"],"dateCreated":"2019-04-08T18:00:56Z","datePublished":"2019-04-08T18:00:56Z","dateModified":"2024-06-11T18:25:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Are Prospects of Tron\\u2014Ethereum Merger and Side-chains Supporting TRX Bulls?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/are-prospects-of-tron-ethereum-merger-and-side-chains-supporting-trx-bulls\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-trx2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-trx2.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"justin sun\",\"sun network\",\"tron\",\"trx\"],\"dateCreated\":\"2019-04-08T18:00:56Z\",\"datePublished\":\"2019-04-08T18:00:56Z\",\"dateModified\":\"2024-06-11T18:25:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-trx2.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/377675"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=377675"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/377675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/347586"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=377675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=377675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=377675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}