Justin Sun has published numbers for revenue and profit for the third quarter, with both of them meeting expectations and setting the right tone for the final quarter of 2023. Sun has said that the group has collectively registered an increase of 14% in revenue for Q3-2023. The Justin Sun group has HTX, TRON, TUSD, and Poloniex. The rise is in comparison to the previous quarter, that is, Q2-2023. The community is now confident that better times will come as they move into the next year.
As for setting the tone for the fourth quarter of 2023, Justin Sun said in a post on X, formerly Twitter, that revenue is projected to register $190 million, and profits could come up to $104 million. Numbers in the same categories for Q3 stand at $202 million and $98 million in the same order.
That is based on the assumption that TRON DAO has survived the worst conditions since 2021’s point when the crypto winter began. Moreover, the crypto community as a whole is on the rise, with BTC and ETH leading the stats. TRON DAO’s performance came in the middle of times when interest rates were constantly surging and the overall revenue of the industry was plummeting.
Another factor that could help TRON get the required pace is the speculation that the SEC could soon approve the application for Spot Bitcoin ETF.
While that is fresh on the table, the community is rising, leaving crypto winter behind. TRON is up by 0.54% in the last 24 hours, at a trading valuation of $0.09387. The TRON prediction estimates that the number could be $0.14 by the end of this year. Assuming that the token sustains optimism till 2030, the token could touch $0.52 or surpass the same mark safely with no hesitation whatsoever.
Comments by Justin Sun have come at a time when Morgan Stanley has said that the crypto winter could finally be over.
BTC is trading at $34,118.46, and ETH is exchanging hands at $1,784.10. Bitcoin is way above $30k, and Ethereum has surpassed the much-awaited valuation of $1,700, setting $2k as the next target.
These developments have come at a time when Justin Sun, TRON DAO, and HTX Global have been recognized for their achievements at Blockchain Life 2023 Dubai. Justin Sun has been awarded Crypto Entrepreneur of the Year, TRON DAO has been awarded Layer 1 Solution of the Year, and HTX Global has secured the Crypto Exchange of the Year category.
The community has responded positively to both announcements, calling them impressive and expressing positivity for what is about to come. TRON is now projected to end 2023 on a high note and begin the next year on a higher note.