TRX to the 🚀? Or Just Another Crypto Winter? 🥶
Ah, TRON, that vast digital steppe, has stirred with the winds of change. A vote, weighty as a samovar filled with lead, has begun, concerning the very essence of TRX. They say it is to halve the block and voting rewards, a measure that promises to elevate the annual deflation rate. From a mere 0.85% to a dizzying 1.29%! One can only clutch one’s pearls at such figures. 🦪
The TRON network, a sprawling estate of interconnected nodes, has officially commenced the deliberation on Proposal No. 102. This decree, if passed, shall slice the block reward from 16 TRX to a meager 8, and the voting reward from 160 to 128. Launched, as it were, by TRON’s community super representatives on this very day, June 10th, at precisely 11:07 AM Singapore time. The voting shall continue until June 13th, 2:00 PM, a period fraught with anticipation. 🤔
Should the proposal find favor, the annual deflation rate of TRX shall indeed ascend to 1.29%. This, they claim, signifies a decline in the new supply of TRX, thereby increasing its scarcity and, potentially, its price. Good tidings, indeed, for the TRX HODLers, those steadfast souls who cling to their digital holdings with the tenacity of a lovesick limpet. 🐌
The vote coincides with the TRX price meandering towards the upper echelons—around $0.30—of an ascending channel, a path well-trodden since mid-March. The Relative Strength Index (RSI), that fickle indicator, sits in bullish territory at 64, showing no signs of wavering. And the Moving Average Convergence Divergence (MACD) has deigned to trigger a bullish crossover, with histogram bars rising like eager sunflowers. 🌻
Should the TRX price dare to breach the upper trendline resistance around $0.30, a strong bullish continuation might ensue, propelling the price towards $0.33, based on calculations derived from the ascending channel. A glorious vision, if it were to come to pass! 🤩
However, prudence dictates that the price shall first likely retreat, retesting the lower trendline at approximately $0.27. For the RSI, that capricious guide, nears overbought territory, a harbinger of pullbacks as inevitable as taxes and the turning of seasons. 🤷♂️
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2025-06-10 13:46