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To gather trx price? Justin Sun’s new incentives to increase the trade with Meme coins

Tron Trx Price can be just before a rally after the founder Justin Sun is a bold new train. Sun recently announced a package of incentives on his X account, which is supposed to start the activity of the Meme meme-ecosystem from Tron.

The package does not contain any trading fees, unlimited free energy and up to 1 million US dollars for developers who work on new projects. These initiatives will be running for the next six months and could advance increased network activity, which may raise the price of TRX.

Will incentives increase the Meme Münzhandel?

The announcement of Sun came via a position to X, where he placed a plan to reduce cost obstacles for trading with memes in the tron ​​network.

For half a year, users do not enjoy trading fees for Meme -Münztransactions. This means that every trade in the Meme Coin market is due and eliminates the costs for dealers.

In addition, Tron will cover the energy costs required for the Smart contract transactions. Usually users have to freeze part of their TRX stocks to access energy, but this new measure completely eliminates this need.

In order to further promote growth, Sun has announced incentives for developers up to $ 1 million that build innovative projects on the Meme Coin platform from Tron.

This financing is intended to promote creative applications that can attract both users and investors. In addition, new projects are given prioritized offers on important exchanges such as Huobi and Poloniex in order to quickly obtain liquidity and visibility.

Source: Justin Sun/X
Source: Justin Sun/X

Sun emphasized that he would not personally benefit from profits that are achieved by these memoins. Instead, all profits are donated and he has promised to cover potential losses themselves.

TRX price and network activity

TRX currently acts between $ 0.20 and $ 0.21 around $ 0.23.

Technical indicators show that the relative strength index (RSI), while the bear signals exist – such as the MACD line, which is still located under the signal line, is slowly increasing and is currently 50 years. This mixture of signals suggests that the feeling of the market is carefully optimistic.

TRX/USDT 1-D diagram | Source: Tradingview
TRX/USDT 1-D diagram | Source: Tradingview

Investors keep an eye on the immediate resistance of TRX, which is currently around 0.25 US dollars. In addition, the price could have further challenges between 0.28 and 0.30 US dollars, in a zone in which TRX previously found consolidation.

If the trade incentives lead to higher transaction volumes, the increased activity can offer the necessary support to push the TRX price beyond these levels of resistance.

Higher transaction volumes could increase the demand for TRX, especially if users later use TRX for other processes that apply the fees.

(Tagstotranslate) Altcoin

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