- TRON price has bounced back from the slump, posting 9% gains overnight with the launch of the ApeNFT marketplace on March 31, 2022.
- The world's largest exchange Binance.us has listed TRON; deposits in the altcoin are now live.
- There is a massive uptrend in on-chain activity on the Tron network, with 83 million users and 3 billion total transactions.
Binance.us listed TRON on its exchange platform, fueling demand for TRON among users. Proponents believe the launch of the NFT marketplace is key to TRON's adoption and could trigger a rally in the altcoin.
TRON price on track for 40% gains
TRON price has started an uptrend, offering users 9% gains overnight. The altcoin's price rally is helping retrace the losses since the beginning of 2022. Two key updates in the TRON ecosystem have fueled a bullish outlook among holders.
A subsidiary of the world's largest crypto exchange, Binance, announced TRON's listing and revealed that deposits for the altcoin are now live on its platform. The arrival of TRX on Binance.us offers higher exposure and is likely to increase the adoption of the altcoin. Historically, assets listed on the crypto exchange witness a spike in demand and a corresponding price gain.
We’re excited to announce that https://t.co/AZwoBOgsqS is listing Tron $TRX @trondao
— Binance.US (@BinanceUS) March 31, 2022
Deposits are open now!
Get started: https://t.co/POC7DHSaFf pic.twitter.com/u6zCqwuKzY
Alongside the exchange listing, TRON has powered the ApeNFT marketplace to offer users exposure to the metaverse and a platform for their digital collectibles and assets. ApeNFT has plans to reward TRX holders and users with benefits in its marketplace.
The Genesis NFT badge has already opened for application.
— APENFT (@apenftorg) March 29, 2022
If you are:
❤️Tron tokens holder
❤️KOL in crypto
❤️Media in crypto
❤️Contributor for pre-registration
Click:https://t.co/sXVUrA0xdu
One NFT badge= share $160k $NFT & projects whitelists from APENFT Marketplace! pic.twitter.com/GPQ9ZddcPi
After the testnet phase is complete, ApeNFT and TRON would co-host a virtual launch event where Justin Sun would introduce bonuses offered by the marketplace. Projects in the metaverse have applauded the launch of the ApeNFT marketplace, powered by TRON. The first metaverse-themed livestream in the altcoin's ecosystem goes live with Justin Sun's debut in the virtual world.
Analysts have evaluated the TRON price trend and predicted a rally in the altcoin. Analysts at CFDTrading observed that the moving averages on the hourly chart are bullish and in positive alignment. This indicates the TRON price uptrend could remain steady.
A crypto analyst at ‘The Birb Nest’ predicted a 40% uptick in TRON price in mid April 2022. The analyst is waiting for a retest of $0.07 on the altcoin’s price chart.
Just shared this $TRX setup with the group. Looking to long the retest! pic.twitter.com/y6wjmwEhwc
— Trading Tank (@TheTradingTank) March 31, 2022
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Why is Bitcoin performing better than Ethereum? ETH lags as BTC smashes new all-time high records
Bitcoin has outperformed Ethereum in the past two years, setting new highs while the top altcoin struggles to catch up with speed. Several experts exclusively revealed to FXStreet that Ethereum needs global recognition, a stronger narrative and increased on-chain activity for the tide to shift in its favor.
Ethereum Price Forecast: ETH could see a decline as on-chain and derivatives data paint bearish picture
Ethereum (ETH) declined below $3,100 on Tuesday as market sentiment surrounding the top altcoin is turning bearish. On-chain data reveals that investors are potentially withdrawing and putting sell pressure on exchanges.
Coinbase set to delist WBTC amid cbBTC expansion
Coinbase announced via an X post on Tuesday that it will suspend WBTC trading across all its platforms on December 19. Meanwhile, the exchange also revealed that its wrapped Bitcoin token, cbBTC, launched on Arbitrum earlier today.
Dogecoin Price Forecast: Selling pressure drops 95% as DOGE traders target $0.50 breakout
The Dogecoin price breached the $0.40 resistance on Monday, rebounding from a 15% pullback. On-chain transaction flows observed this week suggest DOGE could be on the verge of another leg-up toward $0.50.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.