Tron has risen strongly, can TRX prices achieve greater success?
In the past ten months, Tron has made a big splash in the cryptocurrency space, attracting the attention of many investors with its amazing growth rate. Among them, SunPump, a new meme coin launch platform, has helped Tron issue more than 90,823 tokens, causing a 487% surge in platform activity.
This series of growth not only pushed Tron blockchain's quarterly revenue to a record $151.2 million, but also increased by nearly 30% from the previous quarter. This achievement undoubtedly makes people full of expectations for Tron's future.
On the SunPump platform, SunDog, a meme coin, has risen rapidly, with a market value of up to $217 million. Its success has not only brought a 24% increase in Tron's overall market value, but also made Tron's market value reach $13.5 billion at the end of the third quarter.
In addition, the daily transaction volume of the Tron blockchain has also shown a sharp increase, recording an average of 7.2 million transactions per day. Although the total locked value of DeFi has slightly decreased to $6.98 billion, Tron still attracts a lot of attention from investors and developers.
Many investors are full of expectations for the price trend of Tron's native token TRX. At present, the price of TRX has broken through the rising wedge pattern and faces direct resistance at $0.172. If Tron can successfully break through this level, it is expected to attack higher targets around $0.21 and $0.30. However, if the price of TRX falls below $0.172, the market may appear weak and investors need to pay close attention to the support at lower levels.
Friends who are on the sidelines can find me, I will take you to ambush the spot
