Highlights
- Justin Sun projects TRON’s revenue could hit $4B in 2024, driven by a strategic focus on meme coins and network fee adjustments.
- TRON’s daily transactions may exceed 20M in three months, boosting its market share following reduced fees and a higher energy cap.
- TRON price could surge to $0.30 if bullish trends persist, but risks remain with potential drops to $0.135 in a bearish market.
TRON founder Justin Sun has predicted that the network will generate revenue in excess of $4 billion in the coming year. According to Sun, this strategic goal is based on the network’s meme strategy, which, he says, could accelerate market growth.
Justin Sun Predicts $4 Billion Revenue Peak
TRON’s CEO Justin Sun has projected $3 billion of revenue for TRON in the next one year, which, according to him, is a conservative estimate. He proposes that $1 billion of this revenue will be ‘burned’, $2 billion will go to stakers and for transaction fees. Sun is positive that the meme strategy will work and that TRON’s revenue will be as high as $4 billion.
IMO, lowering fees and raising the energy cap won’t hurt TRON’s profitability. The fee cut should drive transactions to 20M+ daily in three months, expanding market share and boosting profits. More energy will also encourage TRX staking for free transfers.
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 21, 2024
Consequently, Sun has suggested lowering the transaction fees and raising the energy limit on the TRON network to support this growth. He believes that these measures will increase the daily transactions to above 20 million within three months, thereby increasing the market of TRON.
The more energy added to the network, the more TRXs will be staked, thus enabling free transfers, which, according to Sun, is vital in making the network more profitable. This projection comes the recent TRON win against the SEC after a US court dismissed the regulatory agency motion.
Integration into Dex Screener
Recently, TRON has reached another achievement with its listing on Dex Screener, which is one of the leading decentralized exchange tracking services. Justin Sun made this revelation on social media platform X (formerly Twitter). The integration of TRON on Dex Screener will help in improving the effective exposure of the network and attract more users.
The integration is viewed as a potential means of fueling further growth as it brings in more attention to TRON’s ecosystem. At the same time, Tether has also contributed significantly to the recent advancements of TRON. On 20 August, Tether minted one billion USDT tokens on the TRON blockchain to further enhance the liquidity of the TRON network.
Moreover, in the last year, TRON has experienced a significant injection of USDT, with $19 billion out of the $33 billion created by Tether being minted on the TRON network.
TRON Price Forecast Amid Meme Strategy
Justin Sun continues to believe that meme tokens can boost the engagement and growth of the TRON network. He points out that meme coins are often born from the support of their communities, making them a more decentralized and fair form of cryptocurrency.
With TRON shifting its attention to meme tokens lately, SunPump, a new meme tokens launchpad on the TRON network, is now gaining attention. Since the launch of SunPump just 11 days ago, the company has made over $1.1 million in sales.
Meanwhile, at press time, TRX price had corrected trading at $0.1581, a 0.06% decline. .Despite this correction TRON’s price shows signs of a bullish trend, according to a CoinGape report. If this upward momentum continues, the price could reach as high as $0.20, potentially even touching a new all-time high of $0.30.
However, if the market experiences a downturn, the TRON price will stabilize around $0.14. Should the bearish trend persist, the price may decline to approximately $0.135.
CoinGape