Tron (TRX), the cryptocurrency that often plays a quieter role behind heavyweights like Bitcoin and Ethereum, is making waves. On October 10, 2024, TRX showed significant signs of decoupling from its larger counterparts, sparking speculation about its potential to hit a new all-time high (ATH).

TRON is turning into a deflationary network, after token burns accelerated in the past year. The chain surpassed Ethereum (ETH) in a bid to turn into a form of deflationary money.

Tron (TRX), the ninth largest cryptocurrency by market capitalization, has achieved deflationary status this year. This is evidence of growing network activity on a once-dominant blockchain network for DeFi.

On Thursday, Tron founder Justin Sun was declared the Prime Minister of micronation Liberland, after emerging as the winner following a congressional election that happened entirely using blockchain technology. In a detailed message on the X platform, Sun shares his vision for the sovereign state that resides between Croatia and Serbia, on the west bank

Justin Sun, the founder of the Tron (CRYPTO: TRX) network, has been elected as the Prime Minister of Liberland, a so-called micronation with an economy built around cryptocurrencies and blockchains. What Happened: Sun was nominated by President Vít Jedlička to serve as the acting PM after the cryptocurrency entrepreneur was declared the winner of a blockchain-based election process.

Justin Sun, founder of the Tron blockchain, has been elected as the new prime minister of Liberland, a European micronation that claims 99% of its reserves in Bitcoin. This small ‘micronation' situated on the Croatian side of the Danube River declared the news on its official website after conducting a vote through blockchain.

The blockchain-based Liberland Congress election results were announced, marking a new era for the micronation. Tron founder Justin Sun emerged as the winner and has been appointed as acting Prime Minister by Liberland President Vít Jedlička.

Tron founder Justin Sun is taking on his next role — as prime minister of Liberland, a small nation wedged between Croatia and Serbia.

Bitcoin failed to hold above $62,000 as the crypto prices continued to battle sell-off pressure in a month that has historically been bullish. Several altcoins are however likely to mirror BTC's holding of support near $60k, including Tron (TRX), Worldcoin (WLD) and Decentraland (MANA).

Tron (TRX) maintains stability above $0.1560 despite market declines, outperforming major cryptocurrencies and showing potential for further growth.

Tron price is holding gains above the $0.1560 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1600.

TRX's Long/Short Ratio currently stands at 2.22, the highest since late September 2024.

"The trading of token(s) on the aforementioned network will not be impacted," the exchange assured.

FTM, TRX, and APT show gains, while analysts project a long-term bullish outlook for BTC.

After recording an impeccable price action during August, the Tron (TRX) price has displayed a cool-off phase in its price action. Moreover, with its YTD return of +48.37%, it has claimed the spot of one of the best-performing Layer-1 projects of this year.

TRON (TRX) price is experiencing a notable upswing, ranking among the top market gainers despite ongoing market corrections. The bullish trend has sparked speculation about a potential climb to new all-time highs.

TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem.

TRX might continue trading within a range-bound market if there is no significant change in volumes.

Tron founder Justin Sun rescued American singer, songwriter, and record producer Ty Dolla Sign from losing his Sundog (SUNDOG) meme coin bag.

Rapper Ty Dolla $ign mistakenly burned $500,000 worth of SUNDOG tokens, only to be rescued by TRON founder Justin Sun. The incident began when Ty Dolla $ign expressed curiosity about meme coins on X.

The rapper's move followed light-hearted banter on Twitter American professional boxer Ryan Garcia, who encouraged him to “bet on Sundog.”

TRON (TRX) is now trading in a narrow range of $0.145 to $0.16. The price movement is limited to the current range as it has retraced above the moving average lines.

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.

Bollinger bands have constricted suggesting low volatility and price consolidation.