TRON (2023) v BTC (2016)

31 окт. 2023 г.

Tron (TRX) has been a legacy coin that has held its own and carved out a niche

Most legacy coins have faded away into obscurity as they've been unable to find a usecase or adoption. They may still have high market caps and may still turn things around but as of now many older coins are falling down the ranks. New coins are eating up dominance. Not for Tron. Tron has consistently been raking in fees and holding a relatively very low fee to price ratio (according to tokenterminal).

3m in daily fees v 88B FDMC

To put into perspective.. Ethereum has had 3.4m fees in the same 24hr period and has a 200b+ FDMC. This makes Tron look wildly cheap into those isolated terms. According to Tron they'll continue using fees to burn token supply. Essentially share/token buy back program. With 11B in yearly fees and 88B in FDMC.. in 8yrs time 1 single TRX will be worth 88B (all things remaining equal.. they wont).

This creates an interesting opportunity to keep an eye on.

From a TA perspective we have a very bullish structure on TRX

This structure is reminiscent of BTC back in 2015/2016 in the build up to the 2017 bull market. Check video for more details on the technical side of things.