Tron Price Plummets 6% Despite Justin Sun’s $4B Revenue Forecast As Traders Pivot To This Olympics Meme Coin For 100X Potential
The Tron price dropped 6% in the last 24 hours to trade at $0.1564 as of 6.15 a.m. EST on trading volume that dropped 18% to $1.5 billion. The Tron price has dropped even as CEO Justin Sun predicts that the project’s revenue could hit $4 billion in the next 12 months. He said that the revenue will be driven by its new meme coin strategy for the Tron network, with the TRX price potentially rising to $0.30. Conservatively, in the next 12 months, TRON’s total revenue could hit $3 billion, with $1 billion burned and $2 billion given as rewards to stakers and for transaction subsidies. If the meme strategy succeeds, it could reach $4 billion. https://t.co/huuInHuMaN — H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 21, 2024 However, while TRX did rise to $0.1651, hitting this level only yesterday, its price has corrected to $0.15 since. Right now, the wider crypto market is experiencing another bullish trend, but many cryptos, including TRX ...