The third-quarter revenue and profit figures released by Justin Sun both surpassed projections and laid the stage for a successful conclusion to 2023. According to Sun, the group’s revenue increased by 14% overall in the third quarter of 2023. There is Poloniex, TRON, TUSD, and HTX in the Justin Sun group. The increase is compared to Q2-2023, the prior quarter. As they enter the upcoming year, the community is now optimistic that better days are on the horizon.
Setting the tone for the fourth quarter of 2023, Justin Sun stated in a post on X, the former Twitter, that earnings of up to $104 million are possible and that sales of $190 million is anticipated. The figures for the same categories for the third quarter are $202 million and $98 million, respectively.
That is predicated on the idea that TRON DAO has weathered the toughest circumstances since the start of the cryptocurrency winter in 2021. In addition, the cryptocurrency market is growing overall, with BTC and ETH leading the rankings. The performance of TRON DAO occurred during a period when interest rates were continuously rising and industrial income was falling.
The rumour that the SEC may soon approve the application for the Spot Bitcoin ETF is another element that could help TRON gain the necessary momentum.
The community is growing and eclipsing the crypto winter while that is still new information. TRON has increased in value by 0.54% during the past day to $0.09387. By the end of this year, the number might reach $0.14 according to the TRON projection. If the token maintains its optimistic outlook until 2030, it is possible for it to reach or even surpass $0.52 without any risk.
Justin Sun’s remarks coincide with Morgan Stanley’s prediction that the crypto winter may finally be coming to an end. At $34,118.46, BTC is trading while ETH is trading at $1,784.10. With Ethereum surpassing the eagerly anticipated $1,700 valuation and Bitcoin well over $30k, $2k is now the next target.
These advances coincide with the Blockchain Life 2023 Dubai awards that Justin Sun, TRON DAO, and HTX Global received for their accomplishments. TRON DAO has won Layer 1 Solution of the Year, Justin Sun has won Crypto Entrepreneur of the Year, and HTX Global has won Crypto Exchange of the Year.
Both announcements have received excellent feedback from the community, who hailed them as impressive and expressed optimism for the future. It is currently anticipated that TRON will close 2023 strongly and start 2024 much stronger.
