TRON Shows Signs of Bullish Break-Out as $GFOX Hits $2.3 Million
cryptonews.comExciting news is on the horizon for fans of Justin Sun and $TRX. TRON, the trailblazer in the stablecoin game, is showing signs that it’s ready to break out in a big way. Meanwhile, Galaxy Fox, the rising best upcoming ICO in the memecoin universe, has just hit a jaw-dropping $2.3 million milestone in its presale. Let’s dive into the details of these crypto phenomena.
TRON is a force to be reckoned with in the stablecoin arena. It’s asserting its dominance by boasting an all-time high of $48 billion in Total Value Locked (TVL), with USDT holding a staggering 94% share. The secret behind this? TRON’s Delegated Proof of Stake (DPoS) consensus mechanism.
TRON’s native cryptocurrency, $TRX, has been turning heads with its low transaction costs. At a mere $0.000005 per transaction, it offers a far cheaper alternative to its competitors, making it a go-to choice for many users and developers. The DPoS consensus mechanism also facilitates rapid block production and scalability, making transactions easy for the TRON community.
TRON is planning a major airdrop amounting to 1,500 tokens in January 2024, which makes a bullish breakout even more feasible. While the exact date remains a mystery, the dedicated page for the event has enthusiasts buzzing with anticipation. With platforms like Meme Moguls potentially joining the TRON ecosystem, the future looks bright for $TRX holders.
$TRX has been on an uphill trajectory for most of 2023, and has mostly maintained a value above $0.1 since November. It has also reached the upper range of Changelly’s January 2024 forecast, indicating that the coin could break out and go on a bull run in the coming months.
Galaxy Fox isn’t just another memecoin. It’s a meticulously crafted journey into the
