Justin Sun’s Tron Raises Energy Cap Amid Meme Coin Mania, TRX Price Shoots 5%

Quick Summary:

Following the meme coin frenzy on Tron’s SunPump platform last week, the development team undertook the work of boosting Tron Netowrk’s energy limit in order to declutter the congestion and bring transaction fees under control.

Popular market analyst Miles Deutscher said that there’s still potential upside left for TRX which could push it into a price discovery zone.

As a result, Tron is already making a few preparations in this direction in order to cater to the huge traffic boost that could come along.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Justin sun Tron (TRX) News Tron blockchain 24/7 Cryptocurrency News SUNDOG Altcoin News TRON (TRX) price SunPump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 05:11:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22254224

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