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Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned. TRON has hit its lowest level in 30 days, with Justin Sun encouraging traders to buy the ongoing dip. Since Chainlink has already made an impressive recovery from its recent dip, there seems to be some hope for TRON as well.  Meanwhile, newcomer Lunex Network is stealing all the attention as analysts call it the ‘Ethereum killer’ because of revolutionary cross-chain trading features. TRON (TRX) Hits Lowest Level in Months, Analysts Suggest Buying the Dip TRON’s price is down more than 50% from its December high, pushing the token’s market cap from $26 billion to a mere $19 billion. Despite the ongoing decline, Justin Sun believes TRON is highly undervalued which makes now the perfect time to buy the dip. This bullish stance is backed by TRON’s strong fundamentals like a TVL of $6.69 billion, just behind Ethereum and Solana. TRON also records the highest Tether transactions, making it one of the largest global payment platforms.  TRON is currently trading for $0.2228 after an intraday increase of 1.45%. This minor surge might be triggered by Sun’s recommendation to buy the dip, but TRON’s trading volume has still decreased by 32.72%. TRON’s daily chart also shows mixed signals as the token’s CCI and Momentum Indicator are positive while the MACD indicator flashes sell signals.  Chainlink (LINK) Recovers After Massive Whale Activity Chainlink’s price reclaimed the $20 level on Tuesday despite recording…

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Filed under: News - @ January 17, 2025 7:22 am