Tron price predictions soar as TRUMP and Tron Inc. make their Nasdaq debut.

Tron price predictions soar as TRUMP and Tron Inc. make their Nasdaq debut.

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TRON’s ecosystem is currently experiencing a pivotal moment following its recent Nasdaq listing and the introduction of the political memecoin TRUMP. Investor attention has surged around TRX, Tron’s native token, as these developments reshape price expectations in the near and long term.

Tron Inc. Celebrates Nasdaq Debut, Drawing Wall Street’s Interest

In July, TRON’s founder, Justin Sun, rang the opening bell at the Nasdaq MarketSite in Times Square, marking the public debut of Tron Inc. (Nasdaq: TRON), a newly formed entity from a reverse merger with SRM Entertainment.

Previously a toy supplier for entertainment giants such as Disney and Universal, SRM retains its foundational operations while embracing a cryptocurrency-focused strategy under the Tron Inc. banner.

Tron Inc. now holds over 365 million TRX tokens, making it the largest public holder of TRX. At the time of this report, this holding was valued at approximately $115 million. This public exposure has significantly increased the profile of TRX in traditional financial markets, although Tron Inc. shares recently closed at $8.74, down over 10%, indicating market volatility during this transition.

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TRUMP Token Expands TRON’s Political Footprint

In a move that adds further momentum to TRON’s ecosystem, the blockchain has recently integrated the $TRUMP token, utilizing LayerZero’s Omnichain Fungible Token (OFT) standard and Stargate Finance’s cross-chain infrastructure.

This integration allows for the seamless transfer of $TRUMP across blockchains without the need for bridges or wrapped tokens, creating a scalable and cost-effective environment suitable for mass adoption.

TRON’s DAO views this integration not only as a listing but as a cultural step forward, indicating support for politically resonant digital assets. With the growing visibility of MAGACOIN Finance, the addition of $TRUMP illustrates TRON’s commitment to community tokens themed around real-world events.

This trend may continue, further broadening TRON’s influence in the altcoin and DeFi sectors.

Positive Q2 Figures Bolster TRON’s Bullish Outlook

Recent performance metrics underscore a bullish foundation for TRON. According to Messari data, the network’s market capitalization surged by 17%, reaching $26.5 billion in the second quarter, while revenues rose over 20% to $915.9 million.

Stablecoins remain central to this growth, particularly USDT, which accounts for over 99% of TRON’s stablecoin volume. TRON now facilitates over $21.3 billion in daily stablecoin transfers, an increase of 11.6% from the previous quarter.

On-chain activity has also risen, with daily transactions up by 12.6% to 8.6 million, and active addresses reaching 2.5 million. The recent upgrade to Stake 2.0 has increased the staking ratio to 47.1%, boosting long-term investor confidence.

Despite mixed DeFi indicators, with total value locked (TVL) slightly down to $4.6 billion, decentralized trading volumes surged by 25%, led by SUN V3, indicating active trading despite fluctuations in overall DeFi values.

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TRX Price Targets Aim Higher Amid Sustained Bullish Trend

Technically, TRX has maintained an upward trend since late June, bouncing off key support levels and consistently forming higher lows. After reaching a recent peak near $0.335, the token underwent a healthy correction but quickly found solid support around $0.3067.

This level, situated near the 100-period moving average and an established trendline, continues to hold strong. Currently trading around $0.3149, short-term momentum suggests another upward push may be forthcoming.

If TRX can sustain this bullish structure, analysts anticipate a return to the $0.33 to $0.335 zone, which has previously acted as both resistance and a peak. In fact, some data analysts, such as CW, believe the next target for $TRX is $0.38, corresponding to the 1.618 Fibonacci level.

Traders should closely monitor the $0.3067 to $0.31 range for any signs of weakness. A breakout below could indicate a deeper correction towards $0.29, as noted by CoinLore. However, as long as the price remains above the trend support, bulls remain in control, a scenario likely given Tron Inc.’s heightened Nasdaq exposure and TRON’s increasing utility.

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