The Tron ecosystem, led by Justin Sun’s company, begins transformations ahead of its planned Nasdaq listing. The TRX token is already showing signs of recovery.
Financial Status of TRX
The TRX token is recovering from monthly lows of $0.2592, rising to a daily high of $0.2722. This surge occurred after Tether minted another $1 billion in USDT on Tron on June 22.
Reasons for Increased Interest in TRX
Traders are closely watching bullish signals, including the increased frequency of USDT mints. The latest mint happened on June 9, when Tether also minted $1 billion on the network, indicating anticipated growth in stablecoin demand on Tron. Activity on the network has also recorded a 30% increase in transactions compared to February.
Future of Tron and Its Price
Despite recent fluctuations, including a test of support at $0.26, Tron’s overall structure remains strong, with a potential path to $0.31. The company, led by Justin Sun, is set to go public on Nasdaq through a reverse merger, further adding interest to the TRX token.
The overall development trend of the Tron ecosystem and the increase in interest in the TRX token, alongside the announcement of its Nasdaq listing, creates a positive outlook for the company's future.
