Tron(TRX) News: Potential Halving Phase Proposed to Boost TRX Value
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In a move that could significantly impact the value and future of Tron’s native cryptocurrency, TRX, founder Justin Sun has proposed entering a halving phase similar to Bitcoin. Here’s a closer look at what this means for TRON and its investors.
TRON May Soon Enter Halving Phase, Aiming to Boost TRX Value
TRON’s founder, Justin Sun, is proposing to cut TRX block rewards, potentially entering a halving phase similar to Bitcoin. Sun argues that this move will not hurt validators and could instead boost the value of TRX and strengthen the network. Currently, TRON is already deflationary with a supply drop of 1% per year, but halving could increase this rate to 1.5% or 2%, making TRON more distinctive in the market. The proposal has been shared on GitHub with two options: reducing daily rewards by 1 million TRX or 2 million TRX, which could push TRON’s deflation rate to match or exceed Bitcoin’s.
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Tron (TRX) Revival in View as TRX Goes Live on Solana
Justin Sun, the CEO of TRON, announced the launch of Tron’s native token on the Solana blockchain. With this integration, network users can perform more cost-effective transactions within the Solana ecosystem. Market participants’ anticipation for a TRX price rally has heightened following the launch. TRX moved from the $0.20 to $0.21 support level to trade at $0.23 after the announcement. Although technical indicators suggest a bear trend, sentiments could become more bullish if TRX tests resistance at $0.25.
