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After its success in the meme coin ventures, TRON founder Justin Sun is now setting its sights on another frontier in the crypto space: Non-Fungible Tokens [NFTs]. As per Sun, it is the right time to launch a high-quality NFT project that can truly gauge the interest of both collectors and enthusiasts. The founder tagged […]
As several altcoins rolled back to their yearly low in this bearish phase, TRX’s price remained strong monthly and continued to maintain bullish. However, it went through a short retracement but is now set for an increase. Tron’s performance has been remarkable over the past year and a half as […]
The increase in TRXs long-term holder addresses shows strong investor confidence in the networks future.
The TRON Super Representative Council has put forward a new proposal(Proposal 94) to raise the network’s energy cap…
TRON has reported a strong performance for August 2024, with positive growth recorded across multiple metrics, including fees, revenue, and total earnings. The platform’s Total Value Locked (TVL) remained stable above the $8 billion mark, while USDT continues to dominate TRONs stablecoin market cap, accounting for approximately 99% at $58.5 […]
As crypto scams increase in 2024, TRON, the decentralized blockchain platform, Tether, the issuer of the USDT stablecoin, and TRM Labs, a leading blockchain intelligence firm, have teamed up to launch the T3 Financial Crime Unit (T3 FCU). This new partnership is all about cracking down on illegal activities related
In the second quarter of 2024, TRON’s network saw significant growth and notable achievements, underscoring its expanding role in the cryptocurrency space. The standout figure was the market capitalization of USDT on TRON, which reached an all-time high of $57.1 billion. This milestone highlights the increasing trust and usage of TRON’s network for stablecoin transactions. […]
Tron (TRX), despite its historical resilience, has not emerged unscathed from the recent cryptocurrency market correction. The digital asset has recorded a 10.51% decrease in value over the past seven days, coinciding with Bitcoin’s descent below the $50,000 threshold. However, recent hours have shown signs of a modest recovery, prompting
Here are the top 5 crypto social narratives in the last seven days.
The memecoin ecosystem seems to be getting crowded and it is not too often that a new project…
A cryptic address, potentially linked to Justin Sun or the TRON Foundation, has been making waves in the $SUN market. This “smart money” player built a significant position in $SUN three years ago, sparking curiosity among analysts. After digging through transactions, researchers at Arkham identified over 20 addresses connected to […]
A new TRX ATH depends on "strong project-specific developments, favorable market conditions, and positive investor sentiment."
The memecoin frenzy has reached the Tron Network after the launch of Pump.funs rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platforms remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, [...]
The post Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues appeared first on Crypto Breaking News.
Justin Sun-led TRON is making waves in the blockchain space, as indicated by its booming profits. The recent Messari report highlighted that the platform’s quarterly revenue in Q2 of 2024 reached a substantial $117.5 million, ranking third among all smart contract platforms. The report has caught the attention of TRON’s founder, Justin Sun. In a […]
Tron (TRX) investors continue to feel bullish even as the market dips after certain on-chain developments help investor sentiment remain high. According to CoinGecko, the token has increased more than 24% since last week, a sign that investors on the platform have held TRX and accumulated to capture more gains. Related Reading: Cardano (ADA) Nears Key Level As Analyst Eyes Over 100% Upside Details Trons developments will help TRX hold against the downward trajectory the market has taken today. However, questions remain about whether the token will continue to go against the broader market or follow the dip. Tron On-chain Developments Drive TRX Sky High With Trons focus on stablecoin development made apparent by Tron founder Justin Sun last month, yesterday saw a big win for the platform as Tether minted over $1 billion USDT without paying any gas fees on the platform. This placed Tron in the crosshairs of critics as they questioned the no gas fee transaction with an individual pointing out that they are charged a dollar for a simple swap approval. Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves. H.E. Justin Sun (hiring) (@justinsuntron) July 6, 2024 Despite this, Tron handled a third of Visas annual settlement volume while gaining over half a billion dollars in fees in as little as 3 months. This, according to Tron, makes it clear that blockchain is more than just a buzzword. TODAY: $1B USDT minted on TRON They paid $0.00 in fees. Wow pic.twitter.com/NuNYRuj1Yc Arkham (@ArkhamIntel) August 20, 2024 TRX To Face Possible Downturn Soon? The tokens current position is an awkward balance between the bulls attempting to break through the $0.1665 ceiling and the bears also attempting the reverse by eyeing the $0.1583 floor. As it currently stands, TRX is on an untenable position as it forces the bulls to continue buying without regard to the tokens overall momentum. The relative strength index (RSI) supports this as it nears to push the limits of the bullish momentum, with a possible cool-down period in the next couple of days. Accounting the markets general momentum, we might see TRX stabilize on its current trading range between $0.1583 and $0.1665 in the short term. The RSIs near maxed-out value indicates a possible retracement to the $0.1532 floor before opening the floodgates to the $0.1665. Related Reading: End Of The Slump? Floki Eyes A 46% Price Surge Analyst This scenario is possible as TRX will eventually lose its current momentum to follow the consensus dip within the broader market. The dip, although bearish in some regards, will allow the bulls to rest before building up the momentum for bigger gains. With improving macroeconomic conditions also supporting this bullish thesis, we might more gains as capital from private equity flows to more risky investment products like crypto. For now, monitoring the broader market will benefit investors as TRX moves to more sustainable levels. Featured image from Zipmex, chart from TradingView
Here are the most imminent price targets for TRX, XRP, and SHIB that may be put to the test this week.
In a fresh surge, Trons price broke out to a multi-year high following a significant increase in demand this week. The price has increased by over 27% in the last 24 hours, and it looks bullish on the weekly chart. TRX bounced off the $0.116 level three weeks ago after […]
TRON (TRX) continues to demonstrate its strong position in the cryptocurrency market, with a market capitalization of approximately $12.50 billion and a 24-hour trading volume [...]
In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market. Cardanos Fall From Grace According to reports from CoinMarketCap, Cardano has dropped out of the top 10 [...]
The post Cardano Kicked Out Of Top 10 Crypto By Market Cap, Whats Going On? appeared first on Crypto Breaking News.
TRON network has registered a surge in network activity as the daily active addresses count is up 52% year-to-date. Per data from IntoTheBlock, the current daily average stands at over 2.42 million addresses, compared to 1.59 million on January 1st. This significant growth highlights the increasing adoption and utilization of the TRX blockchain. It also […]
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