๐๐ซ๐จ๐ง (๐๐๐) ๐๐ข๐ญ๐ฌ ๐๐๐ฐ ๐๐๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฆ๐ข๐ ๐๐ง๐ฉ๐ซ๐๐๐๐๐๐ง๐ญ๐๐ ๐๐๐จ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Tronโs native token, TRX, has surged to remarkable new heights, breaking a seven-year stagnation and setting an all-time high (ATH) of $0.4407, according to Coinpedia. This recent performance highlights significant growth within the Tron ecosystem, driven by increased adoption, robust network activity, and solidifying its position among the top 10 cryptocurrencies. With TRXโs market capitalization crossing an astounding $36 billion, its meteoric riseโup 90% in just 24 hours and 120% over the past weekโdemonstrates a shift beyond mere speculative trading.
The network's exceptional metrics underscore the rally's fundamentals. Over the past month, Tron recorded an 18% increase in total revenue, reaching $237 million. The number of TRX holders rose by 3%, totaling 159 million, while cumulative transactions surpassed 9.08 billion. Active accounts grew to 276 million, reflecting the ecosystemโs dynamic expansion. Concurrently, a minor 0.18% decrease in token supply further fueled the upward price momentum.
Technical indicators paint a bullish picture. TRX trading volume spiked to over $15.9 billion in a single day, according to CoinGecko. Analysts from Coinpedia report that the tokenโs Relative Strength Index (RSI) has reached an overbought level of 92, with the Ultimate Oscillator signaling sustained buying pressure. Price projections suggest potential upward movement to $0.5528, with the possibility of touching $0.7523 in the coming weeks.
Meanwhile, Tron's Total Value Locked (TVL) has doubled to $13.68 billion, marking a 101% increase, while daily active users surged by 38%, reaching 2.58 million. Stablecoin market capitalization within the ecosystem hit $61 billion, contributing to a $20 billion growth in Tronโs overall market cap in just a month. This robust network performance, backed by consistent ecosystem expansion, highlights the tokenโs rally as fundamentally driven, signaling further potential for long-term growth.
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