{"id":374497,"date":"2019-03-12T19:00:24","date_gmt":"2019-03-12T19:00:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=374497"},"modified":"2024-06-11T21:14:44","modified_gmt":"2024-06-11T21:14:44","slug":"is-tron-trx-steadying-because-of-chainlink-partnership-rumors","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/is-tron-trx-steadying-because-of-chainlink-partnership-rumors\/","title":{"rendered":"Is Tron (TRX) Steadying Because of ChainLink Partnership Rumors?"},"content":{"rendered":"<ul>\n<li><em>Tron prices up 2.5 percent but out of the top 10<\/em><\/li>\n<li><em>ChainLink and Tron partnership rumors may support prices<\/em><\/li>\n<li><em>Transaction volumes drop, averages 6.9 million against 37 million of Feb 24<\/em><\/li>\n<\/ul>\n<p><em>Rumors are rife that Tron and ChainLink are on the verge of collaboration. If that is the case, Tron (TRX) stands to benefit as demand help lift valuation from current pits. The coin is up 2.5 percent from last week\u2019s low but could print above 2.5 cents by end week.<\/em><\/p>\n<h2>Tron Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>Ethereum introduced smart contracts. Smart contracts depend on the underlying blockchain for security and immutability. As an autonomous piece of code and highly reliable when executing the pre-programmed set of conditions, it will be useful in the real world with fluctuating variables if there is a connection, an oracle that feeds and updates it will real-time data. That is what ChainLink does, and while acting as a gap between on-chain and off-chain infrastructures, they enable smart contracts like Tron\u2019s access verifiable APIs, real-time data fees or payments while remaining decentralized without a single point of failure or downtime.<\/p>\n<p>It is this agent, an oracle that Tron-based smart contracts will draw their source from if this spreading rumor is indeed true. While unconfirmed by the Tron Foundation or <a href=\"https:\/\/chain.link\/\" rel=\"nofollow\">ChainLink<\/a>, this \u201ccollaboration\u201d will remain as it is\u2014conjecture.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Still unconfirmed but possible <a href=\"https:\/\/twitter.com\/tronfoundation?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Tronfoundation<\/a> + <a href=\"https:\/\/twitter.com\/chainlink?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@chainlink<\/a> partnership being announced tomorrow.  This email was supposedly sent by the <a href=\"https:\/\/twitter.com\/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$TRX<\/a> foundation.<a href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Chainlink<\/a> can trigger <a href=\"https:\/\/twitter.com\/hashtag\/SmartContracts?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SmartContracts<\/a> on any <a href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Blockchain<\/a>. <\/p>\n<p> <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@justinsuntron<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#TRON<\/a> <a href=\"https:\/\/t.co\/Zt2MNqpgSO\" rel=\"nofollow\">pic.twitter.com\/Zt2MNqpgSO<\/a><\/p>\n<p>&mdash; Hashed Fate (@HashedFate) <a href=\"https:\/\/twitter.com\/HashedFate\/status\/38266112?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 12, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Nonetheless, this is good news and days after announcing a liquidity creating partnership with Tether, a connection that would see smart contracts activate based on real-time signals will make the network and by extension TRX more desirable for businesses. Already, Tron dApps are drawing more volumes surpassing those of Ethereum and EOS cementing the Foundation\u2019s bottom line.<\/p>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-374498\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?resize=1280%2C1024\" alt=\"Tron\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?w=1280 1280w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/03\/Tron-Daily-Chart-Mar-12.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Even so, TRX is down to 11th in the market cap ranking after two weeks of dismal performance. TRX is down 2.5 percent from last week and relatively stable in the previous day. Because of this and unexpected demand in lower time frames, our last <a href=\"https:\/\/ktsl888.com\/2019\/03\/11\/tron-trx-may-remain-under-pressure-until-q2-2019\/\" target=\"_blank\" rel=\"noopener noreferrer \">TRX\/USD trade plan<\/a> is valid.<\/p>\n<p>Therefore, bulls are in control although the lack of confirmation and TRX close above 2.5 cents should be a worry. Our confidence relies on the price action of the past two days. Visibly, TRX prices are printing higher highs, away from the lower BB meaning momentum is building up.<\/p>\n<p>However, before we recommend longs, prices must break and close above 2.5 cents, confirming the three-bar-bull reversal pattern of Mar3-5.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>As mentioned above, a single bull bar thrusting prices above 2.5 cents would usher in TRX demand that would likely drive prices towards 3.1 cents.\u00a0 For that to print out, volumes must exceed 6.9 million average and 13 million of Mar 4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron prices up 2.5 percent but out of the top 10 ChainLink and Tron partnership rumors may support prices Transaction volumes drop, averages 6.9 million against 37 million of Feb 24 Rumors are rife that Tron and ChainLink are on the verge of collaboration. If that is the case, Tron (TRX) stands to benefit as demand help lift valuation from current pits. The coin is up 2.5 percent from last week\u2019s low but could print above 2.5 cents by end week. Tron Price Analysis Fundamentals Ethereum introduced smart contracts. Smart contracts depend on the underlying blockchain for security and immutability. As an autonomous piece of code and highly reliable when executing the pre-programmed set of conditions, it will be useful in the real world with fluctuating variables if there is a connection, an oracle that feeds and updates it will real-time data. That is what ChainLink does, and while acting as a gap between on-chain and off-chain infrastructures, they enable smart contracts like Tron\u2019s access verifiable APIs, real-time data fees or payments while remaining decentralized without a single point of failure or downtime. It is this agent, an oracle that Tron-based smart contracts will draw their source from if this spreading rumor is indeed true. While unconfirmed by the Tron Foundation or ChainLink, this \u201ccollaboration\u201d will remain as it is\u2014conjecture. Still unconfirmed but possible @Tronfoundation + @chainlink partnership being announced tomorrow. This email was supposedly sent by the $TRX foundation.#Chainlink can trigger #SmartContracts on any #Blockchain. @justinsuntron $LINK #TRON pic.twitter.com\/Zt2MNqpgSO &mdash; Hashed Fate (@HashedFate) March 12, 2019 Nonetheless, this is good news and days after announcing a liquidity creating partnership with Tether, a connection that would see smart contracts activate based on real-time signals will make the network and by extension TRX more desirable for businesses. Already, Tron dApps are drawing more volumes surpassing those of Ethereum and EOS cementing the Foundation\u2019s bottom line. Candlestick Arrangement Even so, TRX is down to 11th in the market cap ranking after two weeks of dismal performance. TRX is down 2.5 percent from last week and relatively stable in the previous day. Because of this and unexpected demand in lower time frames, our last TRX\/USD trade plan is valid. Therefore, bulls are in control although the lack of confirmation and TRX close above 2.5 cents should be a worry. Our confidence relies on the price action of the past two days. Visibly, TRX prices are printing higher highs, away from the lower BB meaning momentum is building up. However, before we recommend longs, prices must break and close above 2.5 cents, confirming the three-bar-bull reversal pattern of Mar3-5. Technical Indicators As mentioned above, a single bull bar thrusting prices above 2.5 cents would usher in TRX demand that would likely drive prices towards 3.1 cents.\u00a0 For that to print out, volumes must exceed 6.9 million average and 13 million of Mar 4.<\/p>\n","protected":false},"author":384,"featured_media":347591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[16295,11808,11993],"class_list":["post-374497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink","tag-tron","tag-trx"],"acf":[],"yoast_head":"\n<title>Is Tron (TRX) Steadying Because of ChainLink Partnership Rumors?<\/title>\n<meta name=\"description\" content=\"Tron prices up 2.5 percent but out of the top 10 ChainLink and Tron partnership rumors may support prices Transaction volumes 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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