Crypto markets saw a mixed week with altcoins rallying and major tokens facing slight declines. Market volatility highlights investor interest.
Justin Sun shares Tron's ambitious plan for decentralized stablecoin USDD in Q4.
TL;DR The TRON (TRX) network reports that 100% of its addresses are profitable, with 153.24 million addresses generating gains, indicating strong optimism in the network. The network's capacity has significantly improved, with a 100% increase in its “energy” over the last quarter. The TRX token is trading at $0.
Blockchain analytics firm IntoTheBlock has revealed that 99.8% of TRON (TRX) addresses are currently profitable. Their latest data shows that 153.24 million addresses are in green.
Justin Sun believes that Tron memecoins are ready for a new cycle of growth, supported by continuous development and a high degree of community involvement in the Tron network. He feels that if TRX can break above its previous peak, a wave of FOMO might be created to propel attention and investment toward meme coins
Tron token rallied for six consecutive days, reaching its highest level since August as Justin Sun made a bold prediction about its ecosystem. Tron (TRX), the tenth-largest cryptocurrency, rose to $0.166 as it approached the important resistance point at $0.
Tron price has stayed on the uptrend this week, unlike Bitcoin which has not registered successive daily gains the entire week.
With an 8.40% dominance, Tron is the second-largest blockchain after Ethereum, which enjoys a massive dominance of 55.99%. In the last seven days, Tron has seen a positive change of 2.7%. It has also experienced a rise in energy consumption. These developments have brought significant attention from the cryptocurrency community to the blockchain.
Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart contracts platform has surpassed expectations.
The world of cryptocurrency is dynamic and ever-evolving, and one of the most significant developments in recent months has been the meteoric rise of Tether (USDT). As of late October 2024, USDT's market capitalization has surpassed a staggering $120 billion, solidifying its position as the leading stable coin in the crypto market.
Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), and Polkadot (DOT), have registered substantial declines. The crypto market cap has also dropped by 0.82% and currently stands at $2.31 trillion.
Latest updates on TRX, BNB, and ADA coins.
USDT market cap has surged past $120 billion, driven by its trading volume on Ethereum and Tron.
Tron holders reap profits as whale activity surges, boosting the altcoin bullish momentum.
Amid the ongoing price correction across the cryptocurrency market, Tron (TRX) has formed a bullish price action pattern on its daily chart.
Today TRON has fallen between the moving average lines. If the bears break the 50-day SMA to the downside, TRON will fall back to the lower $0.15 price area.
TRON, with its native token TRX, has been on a tear in the last few months, with its impressive market cap growth. Based on Messari's tracking for Q3 2024, TRX's market capitalization increased by 24%, from nearly $11 billion to $13.5 billion.
Following SunPump's launch, average daily DEX volume increased by 150%, representing the highest trading activity since 2022.
TRON (TRX) is making headlines as it experiences a remarkable surge in monthly transaction fees, now reaching an impressive $200 million. This spike signals a strong bullish sentiment in the market, raising questions about the potential for a major price rally.
The use of cryptocurrencies is at an all-time high, driven in particular by some blockchains like Ethereum or by layer-2 solutions like Base.
Data from Dune highlights that since early August, SunPump has been instrumental in launching over 90,800 meme coins on the Tron network, significantly contributing to Tron's revenue and market presence.
TL;DR Record Revenue: TRON achieved an all-time high revenue of $151.2 million in Q3 2024, driven by the success of its SunPump memecoin launchpad and a 487% increase in DeFi transactions.
Tether (USDT) has been gaining major traction on the TRON network, according to recent data from CryptoQuant. In September 2024 alone, the TRON network facilitated $424 billion in USDT transfers.
Tron's SunPump memecoin launchpad boosted the blockchain's Q3 revenue to a record $151.2 million, driven by a surge in token launches and increased DeFi activity.
Tron's memecoin launchpad, SunPump, has driven the blockchain's quarterly revenue to an all-time high of $151.2 million in the third quarter of 2024, according to a report by Messari.
TRON network sees substantial revenue growth and increased activity, primarily driven by meme coin popularity and stablecoin transfers
The Tron network has made headlines with an extraordinary 170% surge in its revenue, highlighting its growing influence within the blockchain and decentralized finance (DeFi) sectors. According to Look on chain, a well-regarded on-chain analytics platform, Tron's revenue climbed from $2.69 million last year to an impressive $7.28 million this year.
Tron is making waves in the crypto world with incredible growth over the past ten months. Its new memecoin launchpad, SunPump, has helped launch over 90,823 tokens, sparking a massive 487% increase in activity. This surge pushed Tron's blockchain quarterly revenue to a record-breaking $151.2 million, a 30% jump from the previous quarter.
Nearly a third of Tron's record $151 million quarterly revenue came from its new memecoin launchpad SunPump over a two week period.
Tron is already one of the top performers in the top 10, looking at its impressive growth over the last ten months. The smart contracts platform dominates USDT transfers while also making inroads into meme coins and snapping market share from Solana.
TRON's $200 million fee surge signals bullish activity and potential for a significant rally.
TRON's meme ecosystem did not grow as expected, fizzling out after a brief peak in August. New meme creation is almost at a standstill and few memes are trending on TRON, except for the heavily promoted SunDog.
The cryptocurrency market has seen volatility in recent weeks, and TRON (TRX) is no exception. After a period of consolidation, TRON's price currently hovers around $0.1599, making it one of the altcoins to watch.
After experiencing a strong pullback during the final week of August, the Tron price has regained momentum and is currently trading at a discount of ~5%. This hints at a high possibility of this altcoin achieving a new yearly high during the upcoming time.
TRON price has undoubtedly been one of the best performers in the past couple of months owing to its very vocal and dedicated founder, Justin Sun. However, this analysis reveals that TRX's reaching $0.5 may not be what everyone expects.
While the crypto market continues to grow, more experienced analysts are looking at a titan that may enter the market soon — DTX Exchange. As Tron (TRX) and Dogecoin (DOGE) are facing resistance, DTX Exchange is steadily entering the scene as a crypto to buy for gains.
The Tron network has grown to over 153 million holders mostly holding its stablecoins and speculating on its meme coins led by Sundog (SUNDOG).
Tron (TRX) price has gradually been grinding up since early 2023, despite the short-term crypto correction experienced since early March this year. The large-cap altcoin, with a fully diluted valuation of about $13.
The cryptocurrency market is experiencing renewed bullish momentum, with Bitcoin recently surpassing the $65,000 mark. Despite minor corrections, many crypto coins are witnessing a surge in demand.
Tron (TRX) price is currently exhibiting signs of bullish momentum; however, its price is down, while all the other biggest coins in the market are positive today.
Payments protocol Aeon will integrate the Tron network as its underlying cryptocurrency payment infrastructure. The partnership “opens new opportunities for seamless crypto payment across the TRON ecosystem,” Aeon said in a news release Monday (Oct. 14).
TRON has been moving sideways since the uptrend was halted at the $0.17 barrier zone on August 26. The altcoin is rising, reaching a high of $0.163.
TRON (TRX) recently garnered attention by incinerating over 10 million tokens, demonstrating its dedication to a deflationary approach intended to enhance its value. Currently, TRX is trading at roughly $0.1605, indicating a small increase.
TRON burns over 10 million tokens as part of its deflationary strategy, with TRX showing positive price movement and technical indicators, while traders maintain a cautiously optimistic stance.
TRON's strategic moves highlight a promising future, yet traders remain cautious amid market fluctuations.
TRON (TRX) price has seen a recent price rebound, signaling a possible shift in market dynamics. For weeks, the cryptocurrency's trading pattern showed limited movement as both bulls and bears battled for dominance.
Have you heard of TRON blockchain's recent meme coin, the SUNDOG token? No matter your answer here is all you need to know about the SUNDOG token and the SUNDOG price surge potential for 2025.