Ah, the TRON network, like a restless landowner proposing reforms that may or may not alleviate the peasants’ woes. A proposal, they say, to prune the block generation reward from 16 TRX to a mere 8, and to diminish the voting rewards for those Super Representatives – those portly, self-important figures – from 160 TRX to 128. One can almost hear the rustling of kopeks and the hushed whispers of speculation. 🤔
The voting, a grand assembly of digital voices, commenced on this tenth day of June, in the year of our Lord 2025, and shall persist until the thirteenth, around two o’clock in the afternoon, Singapore time. Should this proposal find favor, the yearly deflation percentage of TRX shall rise, like a hopeful sapling, from 0.85% to 1.29%. A decrease in the creation of new supply, they claim, shall render the current token more valuable, a boon for the existing TRX holders. How very generous! 😇
Thus far, nine prominent Super Representatives and community donors have cast their votes, their names echoing through the digital ether: Poloniex, Abra Capital Management, BlockchainOrg, and cryptoAI. Yet, eighteen other key players – Binance Staking, Google Cloud, OKX Earn, and HTX.COM among them – remain silent, their intentions shrouded in the mists of uncertainty. The outcome, alas, hangs in the balance, like a samovar teetering on the edge of a table. 😟
It is whispered that this may serve to reduce the inflationary pressures, supporting a more stable, perhaps even appreciating, token price in the long term, by increasing the token’s deflation rate from 0.85% to 1.29%. A noble endeavor, if it were not for the nagging suspicion that such matters are often swayed by forces beyond the ken of mere mortals. 😈
Presently, as I scratch my quill across this digital parchment, Tron’s TRX price hovers around $0.29, a modest 3% higher than yesterday’s close. Should this rally persist, it may breach the key resistance at $0.30, and perhaps even ascend towards $0.33. One can almost envision the TRX price, like a lovesick landowner, yearning for the affections of the market. 🤑
The RSI (Relative Strength Index), that mystical gauge of market sentiment, stands at 64, indicating that TRX remains strong and on the rise, with nary a sign of weakness. Yet, as it nears the overbought region, one cannot help but suspect that a dip may be nigh. Perhaps a test of the $0.27 price before, like a phoenix, it rises once more. 🤔
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2025-06-10 22:29