Situation:
A pretty large influencer and not the last person on the cryptocurrency , Justin Sun, announced the implementation of the functionality to mint memecoins based on his token - TRX. A fairly large-scale event for the memecoin market surprised us. Justin Sun has the courage to claim that memecoins based on his network will pump the market, as is actually happening
Detailed analysis:
According to analytics, the words of Justin Sun have had very effectively influenced the market, thereby revealing a new era of memecoins. Tokens produced on the grounds of TRX have favorable prospects for growth, and the uniqueness of the network, as TRX has introduced recently the facility of token-based creation on their network. We can also see that the largest memecoin to exist in the TRX network today is $SUNDOG, with a capitalization of $62 million, while others have a capitalization of approximately $12 million, which is a very good result.
Will tokens created within the TRX network compete with memecoins in other networks?
Based on the data we see now, the TRX network has a humongous chance to move into the number one position among memecoins' networks, as the potential of the tokens is supported by a huge base in the X social network. Justin Sun himself promotes his project, so we can be sure that yes, the network has a good chance of moving into the top three in memecoins, or even become the first.
Is a new memecoin flow expected?
It would be dumb to deny this reality, so we can boldly say that yes, a new flow of memecoins has already been launched and cannot be stopped, it can also strongly pump all memecoins in cryptocurrency.This article is not financial advice.
