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Messari: memcoins lifted Tron network revenue to a new high in the third quarter
Tron meme startup #SunPump raised quarterly blockchain revenue to a record high of $151.2 million in the third quarter, up nearly 30% from the previous quarter, Messari says.
The hype around memes led to more than 89,000 tokens being launched on SunPump between Aug. 12 and Sept. 30, driving Tron ($TRX
) decentralized financial transactions up 487% during the third quarter.
“SunPump activity began to grow on August 16 and continued its parabolic trend over the next two weeks,” Messari said in the report.
Between Aug. 16 and Aug. 31, more than 270 million tokens were burned, generating about $42 million - nearly 27% of Tron's third-quarter revenue, Messari noted.
A daily record of more than 7,500 SunPump tokens was launched on Aug. 20, with more TRX burned on Aug. 21 than on any other day in the network's history, the blockchain analytics company added.
However, the number of new tokens launched on SunPump dropped sharply in September from less than 1,000 per day to a few hundred.
SunDog (SUNDOG) is the largest meme coin from SunPump with a market capitalization of $217 million, while Tron Bull (TBULL) and Invest Zone (IVFUN) also saw high trading volumes.
TRX's circulating market capitalization also increased for the seventh consecutive quarter by 24% to $13.5 billion by the end of the third quarter.
It reached $14.5 billion at the peak of the hype surrounding SunPump, according to CoinGecko.
TRX also remained deflationary in the third quarter with a net burn of 587.6 million tokens.
The average daily number of Tron transactions increased 14.4% to 7.2 million for the quarter, while the average daily number of active addresses rose 6% to 2.1 million.
The total blocked value (TVL) in Tron's decentralized finance protocols was $8.1 billion at the end of the third quarter, but has since dropped to $6.98 billion, DeFiLlama data shows.
Tron's TVL is now 32.8% below its all-time high of $10.4 billion reached on March 12, 2024.
The market capitalization of Tether's (USDT) stablecoin on Tron rose 3% quarter-over-quarter to nearly $59 billion in the third quarter and still accounts for about half of USDT's market capitalization across multiple blockchains backed by Tether.
#USElections2024Countdown
The hype around memes led to more than 89,000 tokens being launched on SunPump between Aug. 12 and Sept. 30, driving Tron ($TRX
) decentralized financial transactions up 487% during the third quarter.
“SunPump activity began to grow on August 16 and continued its parabolic trend over the next two weeks,” Messari said in the report.
Between Aug. 16 and Aug. 31, more than 270 million tokens were burned, generating about $42 million - nearly 27% of Tron's third-quarter revenue, Messari noted.
A daily record of more than 7,500 SunPump tokens was launched on Aug. 20, with more TRX burned on Aug. 21 than on any other day in the network's history, the blockchain analytics company added.
However, the number of new tokens launched on SunPump dropped sharply in September from less than 1,000 per day to a few hundred.
SunDog (SUNDOG) is the largest meme coin from SunPump with a market capitalization of $217 million, while Tron Bull (TBULL) and Invest Zone (IVFUN) also saw high trading volumes.
TRX's circulating market capitalization also increased for the seventh consecutive quarter by 24% to $13.5 billion by the end of the third quarter.
It reached $14.5 billion at the peak of the hype surrounding SunPump, according to CoinGecko.
TRX also remained deflationary in the third quarter with a net burn of 587.6 million tokens.
The average daily number of Tron transactions increased 14.4% to 7.2 million for the quarter, while the average daily number of active addresses rose 6% to 2.1 million.
The total blocked value (TVL) in Tron's decentralized finance protocols was $8.1 billion at the end of the third quarter, but has since dropped to $6.98 billion, DeFiLlama data shows.
Tron's TVL is now 32.8% below its all-time high of $10.4 billion reached on March 12, 2024.
The market capitalization of Tether's (USDT) stablecoin on Tron rose 3% quarter-over-quarter to nearly $59 billion in the third quarter and still accounts for about half of USDT's market capitalization across multiple blockchains backed by Tether.
#USElections2024Countdown
🚨 $TRX ON THE EDGE – MAJOR MOVE LOADING! 🚨
Current Price: 0.1652
CRITICAL Levels to Watch NOW:
Resistance Level: 0.1657 – $TRX needs to break above this level for a bullish push. A clean breakout here could pave the way for an upward momentum, potentially driving prices higher with increased buying interest.
Support Level: 0.1632 – If the price fails to hold above this level, we may see a drop, with a possibility of testing lower regions. Holding above this support is essential to avoid triggering further selling pressure.
📉 Decision Time – What's Next?
---
⚠️ Bearish Scenario: If $TRX struggles to stay above 0.1652 and drops below 0.1632, expect further downside pressure. Traders should prepare for potential pullbacks if support fails to hold.
🚀 Bullish Breakout Potential: If TRX can maintain its support and break through 0.1657, there's a chance of a breakout rally. This could attract new buyers, pushing the price higher as traders aim for a bullish trend.
---
⚠️ Trading Tip: Watch closely for how TRX reacts around these critical levels. A strong reaction either way could indicate the next big move.
Traders, stay sharp – this is a high-stakes moment!
#USElections2024Countdown #TRX✅ #TetherAEDLaunch #Write2Earn! #29thBNBBurn
Current Price: 0.1652
CRITICAL Levels to Watch NOW:
Resistance Level: 0.1657 – $TRX needs to break above this level for a bullish push. A clean breakout here could pave the way for an upward momentum, potentially driving prices higher with increased buying interest.
Support Level: 0.1632 – If the price fails to hold above this level, we may see a drop, with a possibility of testing lower regions. Holding above this support is essential to avoid triggering further selling pressure.
📉 Decision Time – What's Next?
---
⚠️ Bearish Scenario: If $TRX struggles to stay above 0.1652 and drops below 0.1632, expect further downside pressure. Traders should prepare for potential pullbacks if support fails to hold.
🚀 Bullish Breakout Potential: If TRX can maintain its support and break through 0.1657, there's a chance of a breakout rally. This could attract new buyers, pushing the price higher as traders aim for a bullish trend.
---
⚠️ Trading Tip: Watch closely for how TRX reacts around these critical levels. A strong reaction either way could indicate the next big move.
Traders, stay sharp – this is a high-stakes moment!
#USElections2024Countdown #TRX✅ #TetherAEDLaunch #Write2Earn! #29thBNBBurn
$TRX is cooking up some heat here
If this support holds, we’re eyeing a rip toward $0.168 - $0.17
But we need that clean break above 0.1660 to unleash the next leg up
#TRX? #TRX/USDT❤️ #GrayscaleXRPTrust #Write2Earn!
If this support holds, we’re eyeing a rip toward $0.168 - $0.17
But we need that clean break above 0.1660 to unleash the next leg up
#TRX? #TRX/USDT❤️ #GrayscaleXRPTrust #Write2Earn!
TRON Trading Tips (TODAY)
$TRX TRON Trading Tips👇
1. Short-Term Trading Strategy (Day Trading)
Entry Point: Since TRX's 24-hour range is $0.1659 - $0.1676, look for entry around the lower end of this range, close to $0.166.
Exit Strategy: Sell at or near $0.1675 or higher. The small spread might be limited but could be worthwhile for high-volume trades.
Risk Management: Set a stop-loss close to $0.1655 to avoid significant downside, especially given the current slight decline in market cap.
2. Mid-Term Trading Strategy (Swing Trading)
Support Level: TRX’s monthly low ($0.1659) can act as a strong support level. Aiming to buy near this level could be beneficial for swing trading.
Target Prices: Aim for a price range of $0.170 - $0.172 in the next few weeks, given the recent 7.1% rise over the last 30 days. Consider locking in profits once TRX nears $0.17, unless momentum suggests otherwise.
3. Long-Term Positioning
Fundamentals and Growth Potential: TRX is up by 67.8% over the past year, showing strong resilience and growth. With a high circulating supply and no maximum cap, inflation might impact its price, so gradually accumulating when prices dip near historical support levels (e.g., around $0.16) could be ideal for holding.
Target: Hold for the next cycle aiming for historical resistance levels or the all-time high at $0.30 as a long-term goal if overall market conditions improve.
4. Volume Considerations
The drop in 24-hour trading volume (-35.06%) could indicate reduced interest, so be cautious of potential volatility or price drops. Watch for an increase in volume as a signal to strengthen positions.
#TRX✅
$TRX
1. Short-Term Trading Strategy (Day Trading)
Entry Point: Since TRX's 24-hour range is $0.1659 - $0.1676, look for entry around the lower end of this range, close to $0.166.
Exit Strategy: Sell at or near $0.1675 or higher. The small spread might be limited but could be worthwhile for high-volume trades.
Risk Management: Set a stop-loss close to $0.1655 to avoid significant downside, especially given the current slight decline in market cap.
2. Mid-Term Trading Strategy (Swing Trading)
Support Level: TRX’s monthly low ($0.1659) can act as a strong support level. Aiming to buy near this level could be beneficial for swing trading.
Target Prices: Aim for a price range of $0.170 - $0.172 in the next few weeks, given the recent 7.1% rise over the last 30 days. Consider locking in profits once TRX nears $0.17, unless momentum suggests otherwise.
3. Long-Term Positioning
Fundamentals and Growth Potential: TRX is up by 67.8% over the past year, showing strong resilience and growth. With a high circulating supply and no maximum cap, inflation might impact its price, so gradually accumulating when prices dip near historical support levels (e.g., around $0.16) could be ideal for holding.
Target: Hold for the next cycle aiming for historical resistance levels or the all-time high at $0.30 as a long-term goal if overall market conditions improve.
4. Volume Considerations
The drop in 24-hour trading volume (-35.06%) could indicate reduced interest, so be cautious of potential volatility or price drops. Watch for an increase in volume as a signal to strengthen positions.
#TRX✅
$TRX
$TRX **TRON (TRX) Analysis - November 2, 2024**
Today, TRON (TRX) appears bullish, continuing its upward momentum. Currently priced at $0.1672, TRX shows strong support levels, indicating potential for further gains. The cryptocurrency market's positive sentiment, fueled by increased institutional interest and upcoming partnerships, bolsters TRX's outlook. Analysts predict a target price of $0.1850, marking a potential upside of about 10.5%.
Investors should consider a buy entry around $0.1650 to maximize returns while keeping an eye on market trends. Overall, TRON's fundamentals and market conditions suggest a favorable environment for growth in the short term.
#TRXUpdate #TrxFreeMine #TRX. #trxshort $TRX
Today, TRON (TRX) appears bullish, continuing its upward momentum. Currently priced at $0.1672, TRX shows strong support levels, indicating potential for further gains. The cryptocurrency market's positive sentiment, fueled by increased institutional interest and upcoming partnerships, bolsters TRX's outlook. Analysts predict a target price of $0.1850, marking a potential upside of about 10.5%.
Investors should consider a buy entry around $0.1650 to maximize returns while keeping an eye on market trends. Overall, TRON's fundamentals and market conditions suggest a favorable environment for growth in the short term.
#TRXUpdate #TrxFreeMine #TRX. #trxshort $TRX
TRON INTEGRATES CHAINLINK TO ENHANCE DEFI SECURITY
TRON has partnered with Chainlink to integrate secure, tamper-
resistant data feeds into its DeFi ecosystem, enhancing the
reliability of platforms like JustLend and JustStable. Chainlink’s
oracles provide essential off-chain data for accurate smart
contract transactions, adding security across TRON’s $6.5
billion in total value locked (TVL).
Replacing WINkLink with Chainlink’s infrastructure, TRON joins
other blockchains in adopting Chainlink’s proven oracle solutions. Through the SCALE program, TRON will cover initial
transaction costs, helping developers build without high fees.
This partnership underscores TRON’s push to advance DeFi
while fostering a secure, developer-friendly environment.
#Chainlink #Trondao #TRON #TRX✅ #Write2Earn! $TRX $LINK
TRON has partnered with Chainlink to integrate secure, tamper-
resistant data feeds into its DeFi ecosystem, enhancing the
reliability of platforms like JustLend and JustStable. Chainlink’s
oracles provide essential off-chain data for accurate smart
contract transactions, adding security across TRON’s $6.5
billion in total value locked (TVL).
Replacing WINkLink with Chainlink’s infrastructure, TRON joins
other blockchains in adopting Chainlink’s proven oracle solutions. Through the SCALE program, TRON will cover initial
transaction costs, helping developers build without high fees.
This partnership underscores TRON’s push to advance DeFi
while fostering a secure, developer-friendly environment.
#Chainlink #Trondao #TRON #TRX✅ #Write2Earn! $TRX $LINK
TRON (TRX) Dominates Altcoin Transaction Volume
#AltcoinGains #TRON✅ #TRX✅ #Write2Earn! #BinanceSquareFamily
Overview :
The TRON network is making significant strides within the altcoin ecosystem, reclaiming its status as a leading blockchain in transaction volume. This post examines TRON's recent performance and its impact on the crypto market.
Key Insights :
- Transaction Dominance :
TRON has managed to handle approximately **43%** of transactions across major altcoin blockchains as of **October 30**.
- Recent Performance :
This substantial transaction volume has propelled TRON to the top position for transaction processing among altcoin networks in **October**.
- Analyst Insights :
Crypto-Quant analyst ‘Maartuun’ highlights TRON’s impressive performance, underscoring its growing relevance in the current cryptocurrency landscape.
- Market Implications :
TRON's resurgence in transaction volume signifies strong user engagement and trust in its network.
Conclusion :
TRON's notable transaction dominance reflects its strong performance and relevance among altcoin networks. With a significant share of transaction volume, TRON is positioning itself as a key player in the cryptocurrency market.
Advice :
- Keep an eye on TRON's transaction metrics as they may influence market sentiment and investor strategies.
- Consider exploring TRON's ecosystem for potential investment opportunities, given its robust transaction processing capabilities.
- Stay informed about any developments or partnerships that could further enhance TRON’s position in the altcoin space.
Stay updated and invest wisely! 🚀🔗
#AltcoinGains #TRON✅ #TRX✅ #Write2Earn! #BinanceSquareFamily
Overview :
The TRON network is making significant strides within the altcoin ecosystem, reclaiming its status as a leading blockchain in transaction volume. This post examines TRON's recent performance and its impact on the crypto market.
Key Insights :
- Transaction Dominance :
TRON has managed to handle approximately **43%** of transactions across major altcoin blockchains as of **October 30**.
- Recent Performance :
This substantial transaction volume has propelled TRON to the top position for transaction processing among altcoin networks in **October**.
- Analyst Insights :
Crypto-Quant analyst ‘Maartuun’ highlights TRON’s impressive performance, underscoring its growing relevance in the current cryptocurrency landscape.
- Market Implications :
TRON's resurgence in transaction volume signifies strong user engagement and trust in its network.
Conclusion :
TRON's notable transaction dominance reflects its strong performance and relevance among altcoin networks. With a significant share of transaction volume, TRON is positioning itself as a key player in the cryptocurrency market.
Advice :
- Keep an eye on TRON's transaction metrics as they may influence market sentiment and investor strategies.
- Consider exploring TRON's ecosystem for potential investment opportunities, given its robust transaction processing capabilities.
- Stay informed about any developments or partnerships that could further enhance TRON’s position in the altcoin space.
Stay updated and invest wisely! 🚀🔗
🚨 $TRX /USDT SHOWING WEAKNESS – SLIPPERY SLOPE AHEAD? 🚨.. $TRX may go down more here but then it must recover it's value ..
$TRX is trading at $0.1686, down slightly by -0.06%, yet displaying a clear downward momentum after peaking at $0.1705. This recent decline has pushed TRX near its 24-hour low of $0.1684, a critical support level. Should TRX fall below this mark, it may trigger a larger downward movement towards $0.1675, enticing more selling pressure. Conversely, a hold above this zone could offer a quick rebound opportunity, with an initial target back at $0.1695. Traders should monitor this closely – TRX is on a knife’s edge, and the next move could offer profitable entries or signal further caution.
#TRX✅ #USPCEExceeds #16thBTCWhitePaperAnniv #BinanceBlockchainWeek
$TRX is trading at $0.1686, down slightly by -0.06%, yet displaying a clear downward momentum after peaking at $0.1705. This recent decline has pushed TRX near its 24-hour low of $0.1684, a critical support level. Should TRX fall below this mark, it may trigger a larger downward movement towards $0.1675, enticing more selling pressure. Conversely, a hold above this zone could offer a quick rebound opportunity, with an initial target back at $0.1695. Traders should monitor this closely – TRX is on a knife’s edge, and the next move could offer profitable entries or signal further caution.
#TRX✅ #USPCEExceeds #16thBTCWhitePaperAnniv #BinanceBlockchainWeek
$TRX For TRX today, the sentiment leans bullish. The recent market trends and increased trading volume indicate potential upward momentum, especially with positive developments in its ecosystem.
**Article: TRX Market Outlook – October 29, 2024**
As of October 29, 2024, TRX is trading at $0.1658. With a bullish market sentiment and growing interest in its utility within decentralized applications, TRX appears poised for further gains. Analysts suggest a target price of $0.18, with a sell price set around $0.175 to capitalize on potential profits. The overall bullish outlook reflects optimism in the crypto market, driven by renewed investor confidence and strategic partnerships.
Stay updated for any shifts that could impact these predictions.
#TRXUpdate #trxshort #TRX/USDT❤️ #TRX $TRX
**Article: TRX Market Outlook – October 29, 2024**
As of October 29, 2024, TRX is trading at $0.1658. With a bullish market sentiment and growing interest in its utility within decentralized applications, TRX appears poised for further gains. Analysts suggest a target price of $0.18, with a sell price set around $0.175 to capitalize on potential profits. The overall bullish outlook reflects optimism in the crypto market, driven by renewed investor confidence and strategic partnerships.
Stay updated for any shifts that could impact these predictions.
#TRXUpdate #trxshort #TRX/USDT❤️ #TRX $TRX
Could Whale Activity Propel Solana to a $1,000 Surge? SOL Targets Top Trending Status
$SOL on the Moon... Really Top Gainer..
Following today’s market reshuffle and impressive metric flip against Ethereum and PayPal, Solana’s has SOL grabbed the spotlight with a remarkable surge in activity.
Earlier today, SOL dominated the market, boasting a trading volume nearing $3.8 billion in just 24 hours, landing it among the top three most actively traded cryptocurrencies. In a striking milestone, Solana—a coin already among the top five in market cap—surpassed Ethereum in daily transaction fees, igniting a fresh wave of market attention. As if that weren’t enough, Solana’s trading volume led to a reversal of PayPal’s market cap in terms of intraweek changes, highlighting the growing investor interest in SOL.
Over the last day, Solana's trading activity has been on overdrive, with countless transactions recorded, surpassing major competitors like Avalanche ($AVAX), Toncoin ($TON ), TRON ($TRX ), and Cardano ($ADA). Each of these rivals clocked in high nine-digit figures in trading volume, yet none came close to Solana's sheer scale, reinforcing SOL’s top position.
Despite this intense market movement, Solana's price dipped slightly by 0.9% over the past 24 hours, with the token now trading around $171, marking a solid 5.5% increase over the previous week. Meanwhile, Bitcoin ($BTC) rose by 1.4%, reaching $69,105, while Ethereum ($ETH) saw a modest gain of 0.5%, reaching $2,471—maintaining a close race with Solana in terms of growth and functionality.
Price Analysis: SOL Climbs to Three-Month High Amid Consolidation
The recent price action has driven Solana to a three-month peak, with SOL currently trading near its $171 mark. While the chart shows strength, a persistent resistance at the $175 level has tempered further gains since the close of last week.
Two scenarios seem likely for Solana in the coming days: it could consolidate its recent gains, establishing a new support foundation, or face renewed selling pressure if resistance remains unyielding. With a decreasing Relative Strength Index (RSI) now sitting around 41, signs indicate that the momentum might be cooling off, suggesting that profit-taking could be underway. Should unfavorable news arise—such as network downtimes or an overall bearish turn in the crypto market—a more significant retracement toward the $158 level may occur, establishing a new support area for SOL.
Solana’s journey toward trending supremacy is unfolding, and the outcome will depend on whether whales maintain support or let the consolidation deepen.
#solonapumping #SolanaUSTD #tonecoin #TRX✅ #BinanceBlockchainWeek
Following today’s market reshuffle and impressive metric flip against Ethereum and PayPal, Solana’s has SOL grabbed the spotlight with a remarkable surge in activity.
Earlier today, SOL dominated the market, boasting a trading volume nearing $3.8 billion in just 24 hours, landing it among the top three most actively traded cryptocurrencies. In a striking milestone, Solana—a coin already among the top five in market cap—surpassed Ethereum in daily transaction fees, igniting a fresh wave of market attention. As if that weren’t enough, Solana’s trading volume led to a reversal of PayPal’s market cap in terms of intraweek changes, highlighting the growing investor interest in SOL.
Over the last day, Solana's trading activity has been on overdrive, with countless transactions recorded, surpassing major competitors like Avalanche ($AVAX), Toncoin ($TON ), TRON ($TRX ), and Cardano ($ADA). Each of these rivals clocked in high nine-digit figures in trading volume, yet none came close to Solana's sheer scale, reinforcing SOL’s top position.
Despite this intense market movement, Solana's price dipped slightly by 0.9% over the past 24 hours, with the token now trading around $171, marking a solid 5.5% increase over the previous week. Meanwhile, Bitcoin ($BTC) rose by 1.4%, reaching $69,105, while Ethereum ($ETH) saw a modest gain of 0.5%, reaching $2,471—maintaining a close race with Solana in terms of growth and functionality.
Price Analysis: SOL Climbs to Three-Month High Amid Consolidation
The recent price action has driven Solana to a three-month peak, with SOL currently trading near its $171 mark. While the chart shows strength, a persistent resistance at the $175 level has tempered further gains since the close of last week.
Two scenarios seem likely for Solana in the coming days: it could consolidate its recent gains, establishing a new support foundation, or face renewed selling pressure if resistance remains unyielding. With a decreasing Relative Strength Index (RSI) now sitting around 41, signs indicate that the momentum might be cooling off, suggesting that profit-taking could be underway. Should unfavorable news arise—such as network downtimes or an overall bearish turn in the crypto market—a more significant retracement toward the $158 level may occur, establishing a new support area for SOL.
Solana’s journey toward trending supremacy is unfolding, and the outcome will depend on whether whales maintain support or let the consolidation deepen.
#solonapumping #SolanaUSTD #tonecoin #TRX✅ #BinanceBlockchainWeek
$TRX TRX (Tron) Analysis - October 28, 2024
**Current Price:** $0.1636
**Target Price:** $0.1700
**Sell Price:** $0.1580
**Analysis:**
Today, TRX appears bullish as it has shown resilience in recent trading sessions, bouncing off support levels. The positive sentiment surrounding Tron’s partnerships and network developments is contributing to its upward momentum. If TRX maintains this trajectory and surpasses the resistance at $0.1670, it could easily target $0.1700. However, traders should remain cautious of market volatility; a break below $0.1580 may indicate a bearish trend reversal. Overall, the outlook for TRX today leans bullish, supported by favorable technical indicators and market sentiment.
#trxshort #TRX/USDT❤️ #TrxFreeMine #TRX. $TRX
**Current Price:** $0.1636
**Target Price:** $0.1700
**Sell Price:** $0.1580
**Analysis:**
Today, TRX appears bullish as it has shown resilience in recent trading sessions, bouncing off support levels. The positive sentiment surrounding Tron’s partnerships and network developments is contributing to its upward momentum. If TRX maintains this trajectory and surpasses the resistance at $0.1670, it could easily target $0.1700. However, traders should remain cautious of market volatility; a break below $0.1580 may indicate a bearish trend reversal. Overall, the outlook for TRX today leans bullish, supported by favorable technical indicators and market sentiment.
#trxshort #TRX/USDT❤️ #TrxFreeMine #TRX. $TRX
$TRX
🚨 TRON COIN PRICE UPDATE 🚨
TRON’s price today is US$0.1635, with a 24-hour trading volume of $289.9 M. TRX is -1.18% in the last 24 hours. It is currently -1.92% from its 7-day all-time high of $0.1667, and 4.19% from its 7-day all-time low of $0.157.
#TRX✅ #TRON✅ #Write2Earn! #BinanceSquareFamily #CryptoPreUSElection
🚨 TRON COIN PRICE UPDATE 🚨
TRON’s price today is US$0.1635, with a 24-hour trading volume of $289.9 M. TRX is -1.18% in the last 24 hours. It is currently -1.92% from its 7-day all-time high of $0.1667, and 4.19% from its 7-day all-time low of $0.157.
#TRX✅ #TRON✅ #Write2Earn! #BinanceSquareFamily #CryptoPreUSElection
$TRX Today’s analysis for TRX (Tron) is *neutral to bullish*. TRX’s recent steady performance hints at gradual upward movement, despite minor corrections. The market sentiment around Tron is bolstered by developments in the Tron ecosystem and its DeFi presence. Trading at **$0.1656**, TRX may aim for a **target price of $0.18** if buying interest grows. For short-term investors, a **sell zone at around $0.17** could be wise to capture quick gains while minimizing risk. However, any broader crypto market weakness could see TRX consolidating around the **$0.16 support** level.
Maintaining a close watch on broader trends is essential, as they could either support TRX's potential rise or lead to further consolidation.
#TRX/USDT❤️ #TRX. #TRXUpdate #TrxFreeMine $TRX
Maintaining a close watch on broader trends is essential, as they could either support TRX's potential rise or lead to further consolidation.
#TRX/USDT❤️ #TRX. #TRXUpdate #TrxFreeMine $TRX
$TRX **Tron (TRX) Analysis – October 26, 2024**
Today, Tron (TRX) is showing bullish momentum, currently priced at $0.1649. The recent market sentiment around TRX remains positive, driven by its expanding ecosystem and increasing adoption. Notably, recent partnerships and developments in decentralized applications (dApps) have bolstered investor confidence.
The technical indicators are leaning bullish, with the Relative Strength Index (RSI) hovering around 65, suggesting potential for upward movement. A breakout above the resistance level of $0.1680 could pave the way for a target price of $0.1750 in the near term.
However, traders should remain cautious. If TRX dips below the support level of $0.1600, it could signal a bearish trend, with potential sell targets around $0.1550. Overall, the outlook for TRX appears optimistic, making it a compelling option for investors looking to capitalize on its growth potential.
#TRXUpdate #TrxFreeMine #TrxUstd #TRX. #TRX✅ $TRX
Today, Tron (TRX) is showing bullish momentum, currently priced at $0.1649. The recent market sentiment around TRX remains positive, driven by its expanding ecosystem and increasing adoption. Notably, recent partnerships and developments in decentralized applications (dApps) have bolstered investor confidence.
The technical indicators are leaning bullish, with the Relative Strength Index (RSI) hovering around 65, suggesting potential for upward movement. A breakout above the resistance level of $0.1680 could pave the way for a target price of $0.1750 in the near term.
However, traders should remain cautious. If TRX dips below the support level of $0.1600, it could signal a bearish trend, with potential sell targets around $0.1550. Overall, the outlook for TRX appears optimistic, making it a compelling option for investors looking to capitalize on its growth potential.
#TRXUpdate #TrxFreeMine #TrxUstd #TRX. #TRX✅ $TRX
$TRX
🚨 How TRON Works 🚨
The TRON network is based on the idea of decentralisation. The blockchain's data is fully free and not controlled by any central body. As a reward for uploading their material, content providers may earn the TRX token.
TRON's architecture is structured into three layers: storage, core, and application. The TRON protocol allocates computer resources evenly among TRX holders using internal pricing mechanisms such as bandwidth and energy.
TRON is developing a consensus method based on delegated proof of stake. Transactions in this system are validated by 27 super representatives who are responsible for keeping track of the transaction history. Every six hours, super representatives are chosen and get TRX currency created by the algorithm as a reward for their services. A new block is added to the TRON's blockchain every three seconds, and individuals who add the block are rewarded with 32 TRX coins.
#TRX✅ #Write2Earn! #BinanceSquareFamily #USJoblessClaimsDip #CryptoPreUSElection
🚨 How TRON Works 🚨
The TRON network is based on the idea of decentralisation. The blockchain's data is fully free and not controlled by any central body. As a reward for uploading their material, content providers may earn the TRX token.
TRON's architecture is structured into three layers: storage, core, and application. The TRON protocol allocates computer resources evenly among TRX holders using internal pricing mechanisms such as bandwidth and energy.
TRON is developing a consensus method based on delegated proof of stake. Transactions in this system are validated by 27 super representatives who are responsible for keeping track of the transaction history. Every six hours, super representatives are chosen and get TRX currency created by the algorithm as a reward for their services. A new block is added to the TRON's blockchain every three seconds, and individuals who add the block are rewarded with 32 TRX coins.
#TRX✅ #Write2Earn! #BinanceSquareFamily #USJoblessClaimsDip #CryptoPreUSElection
Tron Price Rally and Meme Coin Revival Signal Bullish Momentum
Tron (TRX) has surged for six days straight, reaching $0.166, its highest since August, driven by founder Justin Sun’s optimistic predictions. Sun hinted that continued TRX growth could revive Tron’s meme coin ecosystem, which currently holds a $344 million market cap, down from a $700 million peak. Sun believes that if TRX hits new highs, it may trigger FOMO and boost interest in Tron’s meme coins, echoing Shiba Inu’s 1,150% rally in 2021.
Despite TRX’s momentum, Tron’s DEX trading volume dropped 24% this week, and total DeFi assets fell 11%, signaling mixed ecosystem performance. On the technical front, TRX remains bullish, holding above key moving averages and aiming to break the $0.169 resistance. Analysts suggest a break could push TRX to $0.20, making it a top watch in the current market rally.
#AltcoinInvesting #JustinSun #TRON #TRX✅ #Write2Earn! $TRX
Tron (TRX) has surged for six days straight, reaching $0.166, its highest since August, driven by founder Justin Sun’s optimistic predictions. Sun hinted that continued TRX growth could revive Tron’s meme coin ecosystem, which currently holds a $344 million market cap, down from a $700 million peak. Sun believes that if TRX hits new highs, it may trigger FOMO and boost interest in Tron’s meme coins, echoing Shiba Inu’s 1,150% rally in 2021.
Despite TRX’s momentum, Tron’s DEX trading volume dropped 24% this week, and total DeFi assets fell 11%, signaling mixed ecosystem performance. On the technical front, TRX remains bullish, holding above key moving averages and aiming to break the $0.169 resistance. Analysts suggest a break could push TRX to $0.20, making it a top watch in the current market rally.
#AltcoinInvesting #JustinSun #TRON #TRX✅ #Write2Earn! $TRX
Quick signals for $TRX .. It's going to hit back $0.2 again ... Big Upward momentum here..
$TRX /USDT is showing a bullish move on the 15-minute chart, currently sitting at 0.1665 USDT, with a +1.83% increase in the last 24 hours. This level also matches the 24-hour high, indicating strong buying momentum.
Traders should pay close attention to whether $TRX /USDT can maintain this upward push or face resistance at this level. A breakout above 0.1665 could open the door for further gains, but failure to hold may result in a pullback to the 0.1647 support. With volume surging, the market seems poised for a decisive move—prepare for potential profit-taking opportunities, either through breakout trading or quick entries at support levels.
#TRX✅ #TRXUpdate #BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection
$TRX /USDT is showing a bullish move on the 15-minute chart, currently sitting at 0.1665 USDT, with a +1.83% increase in the last 24 hours. This level also matches the 24-hour high, indicating strong buying momentum.
Traders should pay close attention to whether $TRX /USDT can maintain this upward push or face resistance at this level. A breakout above 0.1665 could open the door for further gains, but failure to hold may result in a pullback to the 0.1647 support. With volume surging, the market seems poised for a decisive move—prepare for potential profit-taking opportunities, either through breakout trading or quick entries at support levels.
#TRX✅ #TRXUpdate #BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection
🔥 TRON Network Sees Growth in Energy Capacity & Active Users Amid $TRX Burn 🔥
TRON Network is experiencing a notable surge in both energy capacity and active users, driven in part by its ongoing TRX burn initiative. This increase highlights TRON’s expanding ecosystem and growing appeal to users, as the burn mechanism helps to reduce $TRX supply, potentially enhancing its value. With these developments, TRON continues to strengthen its position as a competitive blockchain network.
What impact do you think this $TRX burn will have on TRON's future?
#CryptoNewss #TRX✅ #TRONNetwork's #NewsAboutCrypto
Source: NullTX
TRON Network is experiencing a notable surge in both energy capacity and active users, driven in part by its ongoing TRX burn initiative. This increase highlights TRON’s expanding ecosystem and growing appeal to users, as the burn mechanism helps to reduce $TRX supply, potentially enhancing its value. With these developments, TRON continues to strengthen its position as a competitive blockchain network.
What impact do you think this $TRX burn will have on TRON's future?
#CryptoNewss #TRX✅ #TRONNetwork's #NewsAboutCrypto
Source: NullTX
$TRX
🚨 TRON INFORMATION 🚨
TRON (TRX) is a decentralized blockchain platform launched in 2017 by the Tron Foundation. Initially, TRX tokens were based on Ethereum’s ERC-20 protocol, but they moved to their own network in 2018. TRON was created to give full ownership rights to digital content creators. It aims to empower them by allowing direct rewards from consumers and eliminating intermediaries like YouTube or Facebook. This means creators can earn more from their work, and consumers can support them directly.
TRON supports smart contracts, various blockchain systems, and decentralized applications (dApps). It uses a transaction model similar to Bitcoin’s UTXO, where transactions are recorded on a public ledger. TRON provides a platform for developers to create dApps and for users to share content without worrying about transaction fees.
Compared to Ethereum, TRON offers an alternative with potentially lower fees and faster transactions. In the current market, with growing interest in decentralization and content ownership, TRON’s focus on empowering creators aligns with these trends. As the demand for decentralized platforms grows, TRON’s technology and vision position it as a significant player in the blockchain space.
#TRX✅ #Write2Earn! #BinanceSquareFamily
🚨 TRON INFORMATION 🚨
TRON (TRX) is a decentralized blockchain platform launched in 2017 by the Tron Foundation. Initially, TRX tokens were based on Ethereum’s ERC-20 protocol, but they moved to their own network in 2018. TRON was created to give full ownership rights to digital content creators. It aims to empower them by allowing direct rewards from consumers and eliminating intermediaries like YouTube or Facebook. This means creators can earn more from their work, and consumers can support them directly.
TRON supports smart contracts, various blockchain systems, and decentralized applications (dApps). It uses a transaction model similar to Bitcoin’s UTXO, where transactions are recorded on a public ledger. TRON provides a platform for developers to create dApps and for users to share content without worrying about transaction fees.
Compared to Ethereum, TRON offers an alternative with potentially lower fees and faster transactions. In the current market, with growing interest in decentralization and content ownership, TRON’s focus on empowering creators aligns with these trends. As the demand for decentralized platforms grows, TRON’s technology and vision position it as a significant player in the blockchain space.
#TRX✅ #Write2Earn! #BinanceSquareFamily
