CryptoQuant CEO’su Ki Young Ju, TRON$TRX
stated that its network plays a critical role in USDT stablecoin transactions. According to the analysis, the TRON network processes 92% of all USDT transactions and holds a total of $60 billion USDT. With this performance, TRON has managed to leave its competitors such as Ethereum behind.
It is emphasized that the TRON network provides a successful product-market fit in the use of USDT. Transactions on TRON stand out with advantages such as low cost and high speed. Founded by Justin Sun in 2017, the TRON network is today the leader in the global stablecoin market. Although TRON's total market value is $ 17 billion, the amount of USDT it holds triples this value.
CEO Ki Young Ju stated that under Justin Sun’s leadership, TRON has achieved its goal of becoming “the world’s largest stablecoin remittance system,” and that this achievement demonstrates how efficiently blockchain technology can be used for financial transactions.
Commenting on Bitcoin, Ki Young Ju stated that it is too early to say whether Bitcoin is currently in "bubble territory." When comparing the realized market value of Bitcoin with the total market value, it is stated that there has not been a major increase yet. This shows that the potential price increases of Bitcoin have not yet emerged.
Experts predict that Bitcoin could rise to $141,000 in the future based on its realized market value. Its current price is trading at $98,223. These expectations are a positive sign for investors.
While TRON has gained a strong place in the blockchain world with its USDT transactions, Bitcoin’s high future price expectations continue to attract the attention of economic actors. These developments once again reveal the importance of blockchain technology and the dynamics of crypto markets.