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TRON (TRX) stands out as a significant player with its robust decentralized platform. Currently priced at approximately $0.157, TRX has captured the attention of both investors and enthusiasts, especially as it ranks as the 9th largest altcoin by market capitalization, boasting a value of around $13.61 billion.
Tron (TRX) is making waves with its unexpected bullish performance. While major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are struggling to maintain their positions, TRX has emerged as a beacon of optimism.
The Tron network (TRX) has just made a significant impact in the crypto ecosystem. In the third quarter of 2024, the blockchain founded by Justin Sun generated record revenues, even surpassing the giants Bitcoin and Ether.
The Tron Network reported an impressive revenue of $577 million for the third quarter, outperforming major blockchains such as Bitcoin and Ethereum.
Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.
In this current bearish market sentiment, Tron (TRX) appears bullish and is poised for a significant rally in the coming days. On October 4, 2024, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were struggling to gain momentum, TRX successfully confirmed its bullish breakout.
The Fibonacci extension level at $0.2 and the 100% extension at $0.223 would be the next long-term bullish targets.
JustLend received several deposits in the span of an hour, boosting the lending protocol's TRX holdings. The whale wallets remain anonymous, but follow recent deposits and withdrawals by Justin Sun, founder of TRON.
Tron price is one of the few crypto assets that are up during the current market turmoil. The coin has gained 0.2% in the last 24 hours and is trading at $0.1539.
Justin Sun's Tron token is in a tight range as the ongoing crypto sell-off continues, with Bitcoin falling below $60,000. Tron (TRX) was trading at $0.1542, just a few points below its highest level this week.
TL;DR Tron's Q3 Revenue Soars: Tron reported $566 million in revenue for Q3 2024, a 43% increase from the previous quarter, surpassing Ethereum and Bitcoin. Key Growth Drivers: Strategic upgrades, token-agnostic gas payments, and deflationary tokenomics have significantly boosted Tron's appeal and revenue.
TRON achieved peak fees in Q3, ending up with positive earnings for the past six months. The chain benefitted from growing meme token traffic and USDT usage.
Tron Network achieved record Q3 2023 revenue of $577 million, outperforming Bitcoin and Ethereum, driven by its strong presence in the stablecoin market and recent expansion into memecoins.
The Tron blockchain set a new record in Q3 of 2024, recording record revenues of $577.2 million, according to the latest news.
The Tron network has posted record quarterly revenue largely driven by increasing stablecoin activity and an effort to capture a slice of the growing memecoin market.
Tron generated total revenue of $566 million in the third quarter, placing it ahead of giants like Ethereum, Solana, and Bitcoin. The figure reflects a 43% increase compared to the network's second-quarter earnings.
The stablecoin market continues to be dominated by Ethereum and TRON, with both blockchain networks holding a combined market share of nearly 84%, according to estimates from crypto price aggregator CoinGecko. As of September, the total value of stablecoins on these networks reached $144.4 billion. Ethereum leads with $84.6 billion, or 49.
Data gathered by CoinGecko reveals that Ethereum and TRON dominate the stablecoin market, holding a combined $144.4 billion, or 83.9%, of all stablecoins.
Tron (TRX) price is showing mixed signals, leaving traders uncertain about its next move. Recent indicators suggest a balance between bullish and bearish forces, with no clear direction emerging yet.
The cryptocurrency market has shown renewed strength as Bitcoin recently crossed the critical $64K resistance level, spurring excitement among investors. With the broader market gaining momentum, many focus on potential Shiba competitor outperforming SHIB itself.
Blockchain platform TRON DAO has boosted its ecosystem integrity following a comprehensive security evaluation by security firm ChainSecurity. The details assessment aimed to identify and solve any issues that could impact TRON network performance, including block generation, consensus operations, and transaction execution.
Latest updates on TON, TRX, and FTT coins.
TRX has been taking a breather after its recent rally, fueled by the excitement around the SunPump hype. Now that the hype has settled, the price has been moving sideways
The price of TRON (TRX) is in an uptrend but is currently moving sideways below the $0.17 resistance level.
