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Leading cryptocurrency analyst Miles Deutscher, who has a massive following of over 500,000 on X, highlights the Tron ecosystem as the next big opportunity for crypto investors. In his latest article, video In his analysis, Deutscher delves into the detailed metrics and developmental steps within Tron, highlighting the best altcoins to invest in.
The new shiny thing in the crypto world
Deutscher’s video begins with a comprehensive review of the Tron blockchain, a platform that has recently surpassed many of its competitors in terms of total value locked (TVL) and transaction volume. “Tron is now the second largest blockchain in terms of total value locked (TVL), surpassing leaders like Solana “And Base, which is second only to Ethereum,” he explained, pointing to the $8 billion in TVL that underscores Tron’s strong adoption in the market.
Tron’s high throughput and stable network performance have made it the preferred choice for stablecoin transactions, which have seen over $60 billion transferred through the Tron network since 2021. The platform’s efficiency is highlighted by its ability to handle transactions faster and more reliably than competitors, even during peak congestion periods that have affected other blockchains like Solana.
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Over the past quarter, Tron generated over $440 million in transaction fees, making it one of the highest revenue-generating blockchains on the market. This metric reflects not only the sheer volume of activity on the chain, but also its growing importance as a financial backbone in the digital asset space.
Much of Tron’s recent success can be attributed to the launch of SunPump, a platform that makes it easier to create and trade Memcoins“This development has revolutionized the memecoin world within the Tron ecosystem, contributing to a massive increase in market share and liquidity,” Deutscher notes. This has been instrumental in attracting new speculators and investors to the ecosystem, fostering a vibrant market for these digital assets.
Deutscher explains the psychological and market dynamics at play, explaining how meme coins create a “flywheel effect” — where increased activity and visibility attract more participants, thereby boosting the growth and valuation of the overall ecosystem. “Cryptocurrencies are an attention economy, and Tron has become a major player in that space,” he says, suggesting a self-reinforcing cycle of growth driven by increased visibility and speculative interest.
Best Altcoins to Buy Now
Delving deeper into specific investment opportunities, Deutscher identifies three sectors within Tron that offer significant upside potential: memecoins, the native token TRX, and SUN. Among the memecoins, Deutscher focuses on Sundog, FoFar (FOFAR), and Suncat (SUNCAT). He describes them as leading meme coins that not only represent the most dynamic elements of the Tron market, but also offer significant risk-adjusted returns.
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“But my main focus is on the leaders and Sundog in particular because he is the main leader right now. If you want to look at the comparison with other chains, you can see that Ethereum has DOGE which is at $90, Pepe which is at $7. Solana has WIF which is at $5. BRETT is at $2 and it is the leading meme coin on Base right now. Sundog is actually sitting at around $190 million which is at least compared to the all-time highs of the leaders on other chains it is still relatively cheap and in my opinion if the Tron ecosystem continues to gain momentum if Justin Sun continues to push the ecosystem,” Deutscher explains.
For those looking for more conservative investment methods, Deutscher recommends: Tron code (TRX) itself. With the token currently on a strong upward trajectory within its price channel, a breakout moment is expected if it surpasses its previous high of 18 cents, with a potential rapid expansion of the price to over 30 cents.
Beyond meme coins and native tokens, Deutscher points to The sun As a primary utility token within the Tron ecosystem, SUN directly benefits from activities on SunPump, as transaction fees are used to buy back and burn SUN tokens, thus reducing supply and potentially increasing value.
“100% of SunPump’s proceeds go to buying and burning SUN, which is what interested me. So there’s no gambling on which memecoin will win on Tron. SUN will win regardless. So that’s a very interesting point. If you pick the wrong memecoin even if the ecosystem explodes, your portfolio could go to zero, but something like SUN is worth an acre of the entire memecoin run regardless of how well the meme coins perform,” Deutscher concludes.
At the time of publishing this report, TRX was trading at $0.1660.
Featured image created using DALL.E, chart from TradingView.com
