Co-founder @blckchaindaily | Trading Crypto for 13 Years | Creator | Algorithmic Trader
Joined February 2014
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tron:native is likely done pulling back now. It may go sideways in the 0.30-0.40 range for a little longer this year, but before the end of next year it could be trading over $7.
@trondao has outperformed almost all other coins this year, especially on a risk-adjusted basis and when including staking rewards.
As we begin one of the largest stock market bull runs in history, tron:native (and most cryptos) could be ending an 8 year bear market which began in 2018.
The cycle of smaller bull runs may be ending now if this wave count is confirmed. 2018 was huge, 2021 was weaker, 2024 was even weaker. This pattern won't continue to happen forever, despite what some might think.
The volatility compression we've seen over the last 8 years is like a tightly coiled spring ready to bounce.
tron:native is arguably the MOST tightly coiled of all cryptos, going from virtually the most volatile crypto in 2018 to now the least volatile crypto, significantly less than even Bitcoin.
$7 might seem crazy but it is the same percentage gain as 2021, and this next run could be even bigger on a percentage basis. $7 is actually the minimum needed to confirm the wave count, but it can go much higher than that eventually.
Trillion is quickly becoming the new billion, not long ago there were zero trillion dollar companies, now there are 16 and BTC is also steadily over a trillion. Just this year alone 6 new companies became worth over a trillion.
We're going to rapidly see more new entrants into the trillion club, both companies and cryptos. $BTC and many companies easily go to $10T+ eventually, so TRX at $1T+ around the same time is totally possible.
TRON is a trillion dollar coin. The only question is when.
@justinsuntron
Just a couple days later @TRON_INC becomes the #1 @trondao SR! At the current staking rate with their 5% SR commission that's an extra 6 million $TRX per year they will accumulate!🚀
The amount of revenue TRON Inc. will be able to generate on the blockchain will super charge the treasury strategy.⚡️
If they issue digital credit like @Strategy did with $STRC, then those securities will be backed by productive assets that can pay interest/dividends indefinitely, instead of idle assets that usually need to be sold to generate revenue.
@justinsuntron
Φ retweeted
Is it finally time for $TRX to break out? It's at my October time target now, and structurally it looks ready for a break up 🚀
tradingview.com/chart/TRXUSD…
Is it finally time for $TRX to break out? It's at my October time target now, and structurally it looks ready for a break up 🚀
tradingview.com/chart/TRXUSD…
As I said in July, $TRX could keep going sideways in the 0.30-0.40 range for a little while. My chart has been pointing at October for the last ~4 months.
Now the internal structure of wave-e is becoming more clear. It is very likely that we've formed into an zigzag or flat ABC. That would place us in wave-c right now, with the target pointing towards 30-31 cents by early October.
If we hit that point as expected, then we can assume the end of wave-e is imminent, and a HUGE move up is beginning for $TRX.
I'd also assume that bitcoin:native and most of crypto remains in a downward correction until early October as well.
All the long-term indicators I am looking at on BTC appear to be showing early confirmations that we've begun a new bull market, but often once the bull market is "confirmed" a big correction happens before going up more.
Similar to January 2023, the bull market beginning seemed confirmed at that point thanks to the size and speed of the move up, along with several indicators flipping bullish, but then it corrected until March 2023 before the next wave up.
tron:native is likely done pulling back now. It may go sideways in the 0.30-0.40 range for a little longer this year, but before the end of next year it could be trading over $7.
@trondao has outperformed almost all other coins this year, especially on a risk-adjusted basis and when including staking rewards.
As we begin one of the largest stock market bull runs in history, tron:native (and most cryptos) could be ending an 8 year bear market which began in 2018.
The cycle of smaller bull runs may be ending now if this wave count is confirmed. 2018 was huge, 2021 was weaker, 2024 was even weaker. This pattern won't continue to happen forever, despite what some might think.
The volatility compression we've seen over the last 8 years is like a tightly coiled spring ready to bounce.
tron:native is arguably the MOST tightly coiled of all cryptos, going from virtually the most volatile crypto in 2018 to now the least volatile crypto, significantly less than even Bitcoin.
$7 might seem crazy but it is the same percentage gain as 2021, and this next run could be even bigger on a percentage basis. $7 is actually the minimum needed to confirm the wave count, but it can go much higher than that eventually.
Trillion is quickly becoming the new billion, not long ago there were zero trillion dollar companies, now there are 16 and BTC is also steadily over a trillion. Just this year alone 6 new companies became worth over a trillion.
We're going to rapidly see more new entrants into the trillion club, both companies and cryptos. $BTC and many companies easily go to $10T+ eventually, so TRX at $1T+ around the same time is totally possible.
TRON is a trillion dollar coin. The only question is when.
@justinsuntron
$TRX has lagged most other cryptos this last week.
This isn't surprising because $TRX was UP 20% YTD while most other cryptos were DOWN 40-60% or more last week. The others have so far just seen a relief rally. TRX simply didn't need any relief as it's already up, and there were a lot less shorts to be liquidated.
It's also not surprising because TRX has had the most dramatic volatility compression in all of crypto. Not only just over the last couple of months, but a regime which has been building up over the last decade.
Does this mean TRX isn't going to follow the rest of crypto? No.
It's improbable for TRX to remain trapped in a top 1–2% historical volatility-compression regime while the rest of crypto undergoes one of its largest volatility expansions in years.
In fact, since TRX's vol compression was so much more severe than other cryptos, when the decompression happens I suspect it could move to the extreme end on the other side and become one of the most volatile cryptos with rapid price movements to the upside.
The exact timing is harder to predict, but volatility has already begun to tick higher. That's an early quantitative indication that the compression regime may finally be starting to break.
At this point we may just need to wait for the right catalyst to create a massive reaction.
@justinsuntron @trondao
Bitcoin has been reacting to the bond market recently.
Financial repression happens when fiscal dominance sets in and the government needs to take drastic measures to lower interest rates because the interest expense on the debt becomes unsustainable.
This typically means govts will be forced to tolerate higher inflation while suppressing interest rates, which we may have already begun to see the early stages of as inflation picks up again but the Fed continues to hold rates steady.
With the Fed unwilling to cut rates while inflation remains elevated, Treasury is increasingly taking matters into its own hands to suppress long-term borrowing costs.
In countries like Japan this could happen even sooner because they have much higher debt-to-GDP and are seeing skyrocketing interest rates.
The consequence of this is that as inflation is allowed to run hot fiat currency rapidly loses value, and assets like crypto and gold begin to become safe havens for capital.
Could be that the move we've seen in crypto last week was the beginning of capital rotating back into hard assets as markets start pricing fiscal dominance, financial repression, and long-term fiat debasement.
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