As a seasoned analyst with years of experience navigating the complex world of cryptocurrencies, I must admit that the recent surge in Tron (TRX) and its associated meme coins has piqued my interest. Having witnessed numerous bull runs and bear markets, I can confidently say that this is one trend worth keeping an eye on.
In recent times, the blockchain project Tron has been drawing in investors due to a significant increase in the value of its cryptocurrency, TRX. Even amidst the uncertainties of August, the price of TRX climbed from $0.117 to reach a high of $0.17 last week, representing a notable 45.3% rise. This upturn has given a boost to the popularity of Tron’s memecoins, suggesting the possibility of renewed bullish sentiment.
TRON Memecoin Market Booms with SunPump’s Launch
In simpler terms, the Tron network is causing a stir in the world of meme-based cryptocurrencies due to the recent introduction of its meme coin creator, Sunpump. This is similar to Solana’s pump function, enabling users to develop their own Tron-based Meme Tokens.
On August 21st, the thriving Sunpump contributed significantly to TRON network earnings, totaling $5.4 Million. This boosted the ongoing recovery as well. Furthermore, Justin Sun declared that all SUN token earnings would be utilized for token destruction, which generated a favorable response from the community and fueled the surge in interest for the Sun Pump token.
Sundog (SUNDOG)
In the realm of Tron Memecoins, Sundog (SUNDOG) garnered swift popularity within the crypto community due to its impressive surge and listing on prominent platforms such as Bitget, MEXC, and HTX. The cryptocurrency made its debut on August 15th with a market cap of $50M, peaking at an All-Time High (ATH) of $0.33, before subsequently settling down to $0.244.
On the 4-hour timeline graph, the SUNDOG exhibits a horizontal movement as it regains its bullish energy. Following a surge after breaking out, this asset might reach a record high, supported by robust enthusiasm within the community.
Suncat (SUNCAT)
Suncat (SUNCAT) is a popular meme token that has garnered interest within the Tron network, notably after it was introduced through the SunPump platform. What makes SUNCAT intriguing is its community-oriented structure and status as one of the pioneering feline-themed tokens.
The SUNCAT price currently trades at $0.00957, boosting its market cap by $9.5 million. The coin has a maximum supply of 1 billion tokens and is traded across crypto exchanges like Huobi, MEXC, and BitMart.
For approximately two weeks now, the SUNCAT price has been moving horizontally, with a solid foundation being provided by the support level at $0.0073. If this base of support remains intact, there’s a chance that buyers might break through the upper trendline, indicating an uptrend or upward momentum.
SunWukong (SUNWUKONG)
Instead of other Tron Memecoins, SunWukong (SUNWUKONG) garnered investor interest due to the success of the popular video game Black Myth: Wukong. Lately, this token has seen a substantial increase, peaking at $0.036 following Justin Sun updating his profile picture on X (previously Twitter) with an image of Sun Wukong.
However, the SUNWUKONG price retraced to $0.0093 while boosting a market cap of $9.23 Million.
Based on information from CoinGecko, the SunWukong coin can be bought and sold on major platforms like MEXC, XT.COM, and BitMart.
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2024-09-02 19:23