TRON’s TRX has been one of the leading coins during the recent recovery, probably fuelled by the upcoming lunch between the CEO Justin Sun and American Investor Warren Buffett. Sun has been dropping names periodically to maintain the hype, while also creating quite a compelling list of people who are expected to have lunch with Buffett this Thursday in San Fransisco.
Sun also has recently announced an announcement claiming something ‘huge’ is on the horizion… what that means is yet to be revealed. Since then TRON has been performing really well, above most of other cryptocurrencies. Since making this announcement, Tron has climbed from around $0.024 to $0.030, achieved earlier today. The coin is looking to begin the week with increased momentum having climbed above $0.030 earlier in the day before meeting resistance. If current momentum persists, this set resistance will be broken. The upcoming lunch is expected to further see prices rally while the ‘huge’ addition will help it cement prices higher up.
Last week was fairly bad for cryptocurrencies, which most coins losing billions in value, dropping below key support positions. When the weekend approach, the wind started blowing the other way. While cryptocurrencies are still in the negative zone, they’re still showing signs of going bullish.
TronScan also announced that the TRON network hit a new record of transactions with 3,491,517 on July 21. Which is significantly higher than normal.
— TRON Foundation (@Tronfoundation) July 22, 2019
This surge could possibly be attributed to Tron Bet, who are rebranding themselves to WINk org. WINk was the first DApp ever launched on TRON and has become the leading application in terms of both user numbers and transaction volume across all major block. Since the announcement of the rebranding, in just one day, it hit $100M transaction volume and break the record.