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Justin Sun Details TRON’s (TRX) Future

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Justin Sun

Ever since the blockchain technology became popular, numerous use cases were conceived and conceptualized. Even so, only a few of them made the light of day up to this point. One of them is the blockchain’s potential for bringing decentralization and democratization to the content creation and storage in the modern day.

Blockchain functions as a P2P platform, which means that it offers significantly better methods of creating, storing, and sharing content. This works even better than centralized platforms like Spotify or Netflix, since they provide their users with open networks, instead of charging them fees for even using the platforms in the first place. Additionally, these networks are not governed by third parties, but by their developers themselves.

TRON is a perfect example of one such platform, and its strategy for growth has been extremely successful lately. TRON’s goal has always been to bring decentralization to the internet. That way, the content creators would be in full control of their content, its distribution, and everything else regarding the activities that surround it. In a recent interview, TRON’s creator and CEO, Justin Sun, shared his views on the matter, as well as TRON’s goals, and even the coin’s recent partnership with Japan’s LINE.

The Justin Sun interview

During an interview, Sun stated that TRON became one of the most competitive public chains around the world after celebrating its Independence Day on June 25. He also mentioned that August 30th is when the TRON VM will officially join the MainNet. Right now, TRON is doing extremely well, and its popularity is constantly growing, with over 200,000 active accounts already on the network.

When asked about the company’s plans for making monetary incentives for content creators, Sun stated that getting the content out has always been TRON’s top priority. The creation of a healthy ecosystem where this could be possible was the first step, which is something that TRON already largely achieved by becoming an established major public chain. Once again, Sun brought up the vision of the decentralized web as TRON’s final goal.

When asked about the company’s role in maintaining and managing the network, Sun stated that the entire point has always been to provide the best service, which is something that has not changed. The company aims to provide a safe, fast, and above all — reliable product. This product would be available and usable on mobile and desktop alike, which will provide users with constant access, and best possible service.

He continued to add that Project Atlas takes most of the developers’ focus at the moment, as it is a very big step forward for TRON and its goal of a fairer internet. He also pointed out that the project is collaborating with BitTorrent, which will also help with extending the durability of torrent swarms and even bring additional benefits, like providing seeders with rewards, adding additional resources to the ecosystem of torrents, and alike. Eventually, the project is to revolutionize the way that content is shared and consumed.

Sun then talked about the process of adding TRX to a new exchange, stating that the main concern is that the exchange can provide a reliable and safe experience. Each new addition to the exchange network needs to be user-friendly, provide a mobile experience, and if it is located in a country that is just opening up to cryptos, that’s even better. That way, TRON is available all around the world, which will help with decentralizing the web on a global scale.

He also reflected on TRON Super Representative election, stating that he felt the need to run for an SR in order to make sure that the network will remain safe and reliable at all times.

Finally, Sun stated that TRON’s addition to BITBOX was a huge step forward since Japan and Korea are very important markets that do the majority of work for the tech and crypto industry. Tapping into this market’s potential can only help TRON, as well as its users in these areas, which is why the company is looking forward to further cooperation with BITBOX and LINE alike.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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