Tron Price Analysis: Book 550,000+ hotels worldwide using TRX

Dalmas Ngetich

1 year ago

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Tron prices shrink ahead of Feb 11 BTT airdrop
Book hotels through Travala and pay using TRX
Transactions volumes low, prices could drop towards Jan 21 lows

Despite increasing adoption and upcoming BTT airdrop, TRX is yet to print above BTT Pre-ICO levels. Nevertheless, TRX stands to weather strong sell pressure and resume their uptrend in the third stage of a classic bull breakout pattern.

Tron Price Analysis

Fundamentals

Through Travala, you can now pay your accommodation using TRX in 82,311 Destinations across 210 countries. What’s more, by settling your bills using TRX and other supported coins, you will be saving. To quantify, paying using TRX in this Next-gen Online Travel Agency (NOTA) is often, 15 percent cheaper and more convenient. It is so because the network is blockchain powered, decentralized with incentives. Developments as these are steps in the right direction as it guarantees demand stemming from increasing adoption.

While Travala increases their payment options, Poppy–a Point of Sale System funded by Tron is already undercutting Visa and other payment processors. As a better alternative to traditional payment systems, Poppy’s objective is to “transport digital currencies into the retail space.” All a merchant or a retailer has to do is to update their point of sale system and install the Poppy app.

Candlestick Arrangements

There is resistance for higher high, and as liquidation prevents further upsides, prices are relatively unchanged. In the last week, for example, TRX is down 4.7 percent but stable. All the same, we retain a bullish stand.

For aggressive traders, every low is technically a buying opportunity. That is only applicable as long as TRX prices are trending above 2.5 cents. Note that TRX/USD is trading within a bullish breakout pattern with clear supports at 2.5 cents.

As breakout patterns dictate, following an upsurge is a retest. Therefore, in line with this projection, we expect TRX prices to shrink back to 2.5 cents. After that, subject to participation levels, TRX may resume trend as prices race above 3.1 cents towards 4 cents.

However, this largely depends on BTC performance and the demand of TRX ahead of Feb 11 BTT airdrop.

Technical Indicators

Our trade trajectory is clearly defined. TRX is bullish. However, for trend resumption, participation levels must exceed Feb 4 volumes of 42 million. Spikes as such will reaffirm bulls, paving the way for 4 cents as laid out in previous TRX/USD trade plans.

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. 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.