By Alicia Maher
Cool Cats Tron consists of a collection of Tron-minted NFTs. The Cool Cats team would be launching a series of events to create more awareness about the product.
Launching The Biggest Giveaway In NFT History
Per the official announcement from the Cool Cats Tron team, any crypto advocate is allowed to participate in this NFT giveaway. The plan is to distribute 765 NFT collections and $10K at this event tagged The Big Giveaway.
The #BigNFTGiveaway is officially open! Hundreds of #NFTs, WL spots, merch & cash worth an estimated $100 000 are waiting for you 😻https://t.co/NlfXnxmpT7
Sign up now and collect your 100+ meows before 00:00 UTC Nov 25th! pic.twitter.com/erCOiltYu6
— Cool Cats Tron (@CoolCatsTron) November 8, 2021
Eligibility for the giveaway requires registration on the project’s official website. Then, a tasks list (known as missions) must be completed. Each completed mission would be rewarded with “meow” rating points, and anyone with at least 100 meow points is automatically a winner. Several leading NFT artists worldwide, the Tron foundation, and ApeNFT are supporting this unique event.
Other Community Events Will Also Be Available
The project’s team further revealed that other community events would be available, but details about them will be disclosed on the project’s Discord server. Since the beginning of this quarter, Cool Cats Tron have issued 10,000 NFTs, with Cats being the theme of its maiden NFT drops on the Tron blockchain.
Each minted Cat consists of various combinations of appearances and accessories. Users with at least 31 ‘minted Cats’ will be eligible to share in a 3% minting pool. Furthermore, users with at least 151 ‘minted Cats’ will be eligible to share in a 7% minting pool.
Tron Price Is Bearish Today
TRX price analytics shows that the bears are in control of the TRX price action today. Despite a persistent bullish trend over the last few days, TRX price dipped today, showing that the bears have retaken control. TRX has been bullish between November 19 and 21, with prices rising as high as $0.109.
But before that bullish momentum, the steep price correction between November 16 and 18 caused TRX to make some losses like most other coins in the crypto market. Today, the bears have retaken control.
TRX 24-Hour Chart Analysis
As of this writing, the 1-day chart analysis indicates that TRX is still losing. As of this writing, it trades at $0.101, representing a loss of about 2%. Its week-on-week data shows that TRX has lost 16%, which is no surprise given that various analytics identified two steep declines earlier in the week.
1-day TRX/USD price chart. Source: tradingview
The $0.098 price of the lower Bollinger band indicates that the bears remain in control. The RSI is at 48, which indicates a decline and a selling activity in the market. However, the index’s mid-range indicates that the market can swing either to the bullish side or the bearish side.
But it’s swinging towards the bearish side right now because of the strong selling pressure. Hence, the TRX might dip further. The analytics indicate that the TRX might become bullish once the selling pressure cools down. But, the volatility is low, which will make a recovery to be low as well.