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TRON Hits 10 Billion Transactions: What’s Fueling Its Explosive Growth?

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  • TRON’s daily transactions have reached 8.4 million, highlighting significant growth and continued adoption of the network.
  • DeFi volume on TRON reached $4.9 billion in April, signaling recovery after a dip earlier in 2023.
  • TRON’s stablecoin market surpassed $70 billion, boosted by the minting of $1 billion USDT in late April.

TRON has shown significant growth, with its daily transactions reaching 8.4 million. TRON reached its highest levels of activity during both the 2021 and 2023 market bull periods but has demonstrated continuous daily adoption growth. The consistent surge in on-chain network usage remains frequently ignored by analysts, yet suggests excellent potential for TRON’s upcoming technical development.

TRON’s DeFi Growth and Recovery

Multiple on-chain data metrics indicate that TRON expands adoption while its business activities surge. The DeFiLlama platform shows that the current value of funds locked in the blockchain stands at $5.03 billion. The recorded value of $7 billion from earlier in 2023 has now dipped to $5.03 billion after the initial peak. 

This downward trend demonstrates recovery patterns. The volume on decentralized exchanges utilizing TRON technology achieved its highest point ever in April because it surged from $3.4 billion during March to $4.9 billion.

The stablecoin market adoption on the platform continues its upward trajectory. The stablecoin market capitalization of the network expanded from $58 billion during January to surpass $70 billion. Platform experienced a major surge in late April as it added $2.17 billion during that single week. The stablecoin market stronghold of the platform received additional support when USDT worth a billion dollars was minted on April 21.

Price Movement and Indicators

TRX appears positioned slightly below its essential resistance mark of $0.25 at its current trading price of $0.245. The market exhibits positive signs because the TRX price maintains its position above both the 50-day and 100-day moving averages. The relative strength index (RSI) is at 51, suggesting a neutral market, while the moving average convergence divergence (MACD) points to a slightly negative trend. The market participants need additional bullish signals before considering making new investments.

TRX can rise toward $0.26 to $0.265 if it manages to overcome $0.25 resistance while staying within dollar range of the upper Bollinger Band. A bullish setup will become invalid for TRX if prices decline below $0.243, triggering a potential price revisit of the $0.239 to $0.240 support zone.

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Source: TradingView

Read More: Ripple Eyes $400B Trade Hub as Dubai Grants Blockchain Payment License

Tron (TRX) breaks out as momentum builds in uncertain market

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  • Tron has held steady around $0.20 despite broader market corrections, showing strong community support and buyer interest.
  • A breakout from a descending triangle pattern has pushed TRX to $0.26, with analysts eyeing $0.27–$0.28 as a key resistance zone.
  • Holding above $0.2480 support could open the path to $0.30, while volume remains a crucial factor for confirming a sustained rally.

Tron ($TRX), in a turbulent market where many altcoins are suffering steep corrections, is standing out as a beacon of resilience. While several cryptocurrencies have plummeted to multi-month lows, Tron has managed to sustain price stability around the $0.20 level, showcasing strong buyer interest and long-term support from the community.

This steady performance doesn’t yet guarantee a sustained bullish trend, especially with Bitcoin’s price action still influencing the broader market. However, TRX has been displaying signs of strength that technical analysts are closely watching for a potential breakout.

Over the past few weeks, TRX has formed a descending triangle pattern, often regarded as a signal of accumulation before a major price move. Despite bearish market conditions, the altcoin maintained higher lows while facing downward resistance, indicating growing buying pressure.

Recently, TRX broke out above this descending triangle, pushing the price up to $0.26, which many analysts see as a key resistance zone. This breakout suggests that bullish momentum may be gaining traction, provided the price can hold above immediate support levels.

Tron shows strong bullish structure with key support

TRX’s current market structure is supported by several bullish technical indicators. The MACD (Moving Average Convergence Divergence) shows a positive crossover, with the MACD line rising above the signal line, indicating continued upward momentum. The histogram is also expanding, signaling an increase in bullish strength.

Adding to the optimism, TRX continues to trade above both its 50-day and 200-day simple moving averages (SMAs). These dynamic support levels reflect a strong uptrend, especially as the 50-day SMA has helped prevent deeper price retracements during recent corrections.

At the time of writing, TRX is hovering near $0.2516, holding above the key support zone around $0.2480. If this level continues to hold, analysts believe the next price targets lie between $0.27 and $0.30, with potential upside extending to $0.35 if volume increases and market sentiment improves.

TRX 1D graph coinmarketcap

The $0.27–$0.28 resistance range remains a crucial area to watch. A clean breakout above this zone could confirm the start of a more significant rally. Conversely, a failure to hold above the $0.22–$0.23 support range could invalidate the breakout and open the door for bearish pressure to return.

Analysts also point to a key bullish order block (OB) and fair value gap (FVG) near current price levels, marking this zone as a prime buying opportunity. The presence of strong support and a demand zone could further reinforce upward momentum if buyers step in.

Tron Targets $0.30 After Key Breakout

Despite the short-term gains, overall market sentiment toward TRX remains neutral, largely due to moderate trading volumes. For a breakout to be fully validated, a surge in volume will be essential, confirming wider investor participation and sustained buying interest.

image 149 1

That said, Tron has shown a notable ability to withstand pressure where other altcoins have faltered. Its price behavior, combined with positive technical signals and strong support zones, positions it as one of the more promising altcoins amid ongoing market uncertainty.

With a successful breakout above the descending triangle, firm support levels, and key indicators pointing upward, TRX appears to be setting the stage for a potential rally toward $0.30 and beyond. As long as it holds above its support range and Bitcoin remains relatively stable, Tron could emerge as a surprise outperformer in the coming weeks.

Investors and traders should closely monitor the $0.27–$0.28 resistance level for a possible breakout confirmation and keep an eye on volume for signs of broader market participation.

Related | Solana Price Prediction: $170 Target Looms as Key Resistance Breaks

Tron’s USDD 2.0 Stablecoin Launch Promises Bold 20% APY

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  • USDD 2.0 promises 20% APY fully subsidized by Tron DAO reserves.
  • The stablecoin relies on over-collateralization with TRX and other assets.
  • Transparency assured as yield is distributed in advance to public address.

Tron’s latest attempt at a stablecoin, USDD 2.0, offers a 20% APY, subsidized by the Tron DAO. However, the reliance on a volatile TRX token raises concerns about the coin’s long-term stability and sustainability.

Tron’s Justin Sun Announces USDD 2.0

Tron is set to launch an updated version of its stablecoin, USDD 2.0, promising a 20% annual percentage yield (APY) fully backed by Tron DAO reserves. The updated stablecoin aims to offer users a high yield and address prior community concerns after the failure of the first version of USDD. 

Tron intends to distribute the 20% yield in advance to a publicly visible address to ensure transparency. Justin Sun, the founder of Tron, emphasized that the yield will be subsidized by the Tron DAO’s substantial reserves.

“It’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.”-Sun

However, the crypto community remains cautious because of the previous instability and concerns over USDD 1.0, which faced challenges to maintain its dollar peg. 

USDD 2.0 Backing and Collateralization

USDD 2.0 will use the ecosystem’s native token, TRX and other digital assets as collateral and maintain a collateralization ratio of 120%. The excess collateralization is meant to ensure the stability of the stablecoin. The new version of USDD promises greater transparency and stability but still faces skepticism due to its reliance on a volatile asset.

The announcement of USDD 2.0 follows the failure of the first version, which was removed from major exchanges after its backing was shifted to TRX. The initial USDD 1.0 had initially offered a 30% APY, which was later reduced after market turbulence and a major withdrawal of Bitcoin from its reserves.

However, Sun has expressed confidence in the success of USDD 2.0. The launch is part of a broader strategy to increase the adoption of the Tron ecosystem. Recently, the price of TRX surged which illustrated increased optimism from dedicated investors about the potential of the project.

How USDD 2.0 Compares with Other Stablecoins

The stablecoin market, dominated by USDT and USDC, continues to grow. The addition of USDD 2.0 introduces another competitor with a high-yield offering. Although USDD controls a relatively smaller market cap, the increased interest in stablecoins could boost its growth.

Tron’s promise of a high APY is one of the most attractive offers in the current market. However, similar promises by projects such as DAI and USDC, have faced scrutiny due to sustainability concerns. These stablecoins highlight the increased demand and risks associated with such products.

TRON (TRX) Hits New High with Double-Top Pattern, Bearish Signals Emerge

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  • TRON’s double-top pattern and high selling volume suggest a potential reversal as it trades near all-time highs.
  • Spike in bearish volume on August 21 indicates mounting selling pressure, hinting at a possible price pullback.
  • Lack of strong buying volume dampens bullish momentum, signaling caution for near-term Tron (TRX) traders.

TRON (TRX) made a new price high and has formed a technical formation known as a double-top. This pattern familiar in technical analysis is usually used to predict a trend reversal when an asset reaches its top. The double-top has drawn the focus of the traders since Tron is currently trading near the all-time high level.

In the recent X post, Alan Santana revealed that on August 21, TRON had a significant spike in the selling volume, which is one of the most important signs of market pressure. Such an increase in trading volume with the prevailing bearish pressure suggests that TRX may be on its way to a retracement. 

Lack of Buyer Interest in Tron

Normally, a high price volume bearish indicates that the upward momentum may be losing steam and therefore a downward trend may be in the offing. While its timing is still unknown, experts believe this decline might be experienced in the coming weeks or months, and current trends appear to be trending downwards.

Compounding this fear is the absence of strong buying volume, which usually is a sign of buyer’s comfort and price rise. In a bullish market, a spike in green (buying) volume is usually seen before a long lasting increase which is not something that is reflected in TRX’s trading activity at the moment. 

Cautious Tron Market Outlook

The lack of significant buying interest add to this cautionary note and indicates that near term upside may be moderate. At the time of writing, TRX is trading at  $0.1641, which is a 2.02% drop in the last 24 hours.

Some of the traders have also chosen the short position given the recent situations around TRX and the current price movements. The experts warn that such trades, especially those with leverage, are extremely risky and should be approached only by professionals. As with most things, leveraging could magnify losses, so this type of trading is not suitable for beginners.

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Source: Chart by Alan Santana

In the last couple of days, TRX’s price action and technical chart have suggested that the market is at the moment cautious. Given the current formation of the double-top and high selling volume to reverse the trend, those who are in the TRX trading should be cautious and watch for a change in trends. While waiting for further improvements in the situation the following factors suggest a pull back.

BeFaster.fit’s BFHT Trading Event Kicks Off On LATOKEN As Ecosystem Gushes In Joy

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The current cryptocurrency bull run has brought fresh blood into the ecosystem with developments going on in full swing. In the midst of the price surges, established cryptocurrency organizations like BeFaster.fit was taking full advantage of the momentum.

As 2021 dawned across the world, BeFaster.fit announced details of the native Holder Token trading competition. The BFHT Token contest is set to bring in more customers into the BeFaster.fit roster while being conducted on the trading platform, LATOKEN. 

Reports from BeFaster.fit revealed that the BFHT trading competition will go on from its start date of December 31, 2020, to January 21st, 2021. BeFaster.fit had garnered a lot of attention during last year’s lockdown period when the internet was flush with news about its focus on fitness.

Upon launch, the BFHT token had stirred the cryptocurrency pot as several major players took notice. The special investor token determines the number of tokens ” held in relation to the total token supply”. One of the best parts of the token is that it can be recorded in the blockchain and tracked in the wallet. 

Participants will be required to trade a minimum amount of 5 BFHT tokens during the contest on LATOKEN’s account to become eligible for the contest. Once the competition commences, the Top 10 winners will get a share of a whopping 1000 BFHT token. According to BeFaster.fit and LATOKEN, the token trading volume is calculated as the sum of the number of buys and the number of sells. 

United States citizens would need to wait a bit longer to take part in the contest with plans to launch still being in the discussion stage. Winners of the contest are set to be ranked according to each eligible user’s trading volume. To claim their rewards, winners will have to pass LATOKEN’s native Know-Your-Customer process. This step was taken to ensure total safety and security during the contest.

The Twitterverse has been abuzz about the competition over the past couple of days and officials expect the positive sentiment to only rise. BeFaster.fit executives had earlier stated that the native application will be ready to launch soon, with the latest competition acting as a springboard. Once the BeFaster.fit application is out for public access, customers will be able to take their workout on the decentralized network to the next level.  

Tron Europe Back With a Bang as Company Launches Native Website, More Developments to Follow Soon

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The cryptocurrency market has been flooded with new organizations claiming to provide the best service that caters to user needs. This influx of developments can, in part, be owed to the latest bull run that catapulted cryptocurrency prices to new levels.

Tron Europe, one of the earliest members of the TRX ecosystem made news with updates to an already fledging network. Building on their reputation of routine growth, Tron Europe has decided to launch its native website to give users a better idea of their vision.

The new website of Tron Europe lists all the achievements of the company with a complete breakdown of what is to come. Starting with the company’s Roadmap, Tron Europe assured its users that multiple updates were in the pipeline. Early 2021 is expected to bring a plethora of changes with the first project set to go live in the first quarter.

While Tron Europe has its hands full with the network updates, its native token was doing some heavy lifting too. The analysis shows that the TERC token price tangs from 0.42 TRX to 1.34 TRX with a 100 percent return on investments. According to the roadmap, Tron Europe will start the second cycle of developments by the end of 2021. This new phase will include revamped products coupled with the total expansion of the trading system.

Tron Europe first became popular for being one of the few over-performing Super Representatives with their own limited coin. Users in the Tron ecosystem popularized the platform and the token because of its gripping distribution and rewards systems. The community went further and enabled the rise of conversation around decentralized assets. The Tron Europe community leans towards a couple of cryptocurrencies on their roster which includes: Tercium Force, Lord, Magister, Noble, and Knight.

The TE website further talked about applications such as BeFaster, the organization’s soon-to-arrive fitness application. Initial reports revealed details on the earn while you exercise concept as the organization focussed on the needs of the growing user base. Features such as the TE website makes it easier for new entrants to get into the decentralized market. As time passes, the company has promised a more feature-laden trading environment for all members alike.

CryptoLocally’s Finance Wallet V2 Way to Earn Staking Rewards

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The leading P2P cryptocurrency trading platform, CryptoLocally, announced the launch of version 2 (V2) of its Finance Wallet. The latest upgraded version of their wallet came in addition to the strategic partnership with Idle.

Both platforms have reportedly joined forces with the common vision of a product aimed at paving the way for financial inclusion, by enabling its users to earn more passive income on their crypto holdings than ever before. This major development came after the release of their first decentralized finance [DeFi] feature and Finance wallet V1 back in September of this year.

Finance Wallet V2 Brings Higher Rewards

Taking the first leap to the world of DeFi, CryptoLocally initially released its Finance Wallet in the month of September. Finance Wallet’s first version, powered by Compound, was essentially designed to enable the users on the platform to earn stake rewards on digital assets such as ETH, DAI, USDT, USDC, and its native utility token GIV.

Shortly after which, CryptoLocally added Uniswap’s native UNI token to the Finance Wallet.

The second version of the Finance Wallet was not only powered by Compound but also included names of well-known DeFi protocols such as Aave, Maker, and dY/dX through Idle. With the integration of these DeFi platforms, Finance Wallet V2 makes the popular yield farming easier than ever. Its pros further include not only simplicity but also a higher yield than the first version. The current APY rates can be seen in the pictures attached below:

Finance Wallet Version 1 APY
Finance Wallet V1 interest rates (only powered by Compound )

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Finance Wallet V2 interest rates (powered by Compound, Aave, Maker, and dY/dX)

CryptoLocally being a non-custodial and uses a smart contract escrow aims to offer additional security for its users. With regards to security and transparency on V2, no specific changes have been executed and the users will be able to maintain full control of their crypto assets just like in the previous version.

So what opportunity does the V2 wallet brings to the users?

Finance Wallet V2 is heralded as the best way to earn staking rewards. This is primarily due to the fact that it automatically switches to the best APY of the selected cryptocurrency without any cost. The users just need to register which takes less than two minutes.

While Version 1 of the Finance Wallet gave the users the opportunity to earn staking rewards on those tokens at respectable rates, it was Version 2 that aims to provide better rates than its contemporaries along with additional capabilities.

Another new feature to the Finance Wallet V2 is that users will now be able to see the total value [TVL], in USD, of all assets that are staked on the wallet. It is important to note that if an individual is an existing user of V1 and has staked their crypto on this version, the user will need to unstake on V1 and then retake on V2 in order to use the newer version.

CryptoLocally in Brief:

The main focus of CryptoLocally is to create the easiest and most accessible fiat gateway to DeFi and its tools for the community members. The primary goal is to “empower all people” in a bid to aid them to take control of their financial future.

CryptoLocally also renders the need for a third party useless thus helping the market participants circumvent restriction posed by traditional financial institutions with respect to fees, interest rates among other things.

Bankroll [BNKR/TRX] Price Analysis: Token hits a reef as prices stumble in increasingly bearish climate

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The cryptocurrency market has not just seen the rise and fall of major cryptocurrencies but also that of other nascent tokens. One of the upcoming tokens caught in a lurch right now was Bankroll token, with prices taking a slight tumble during the current bear season.

At the moment, Bankroll was stabilizing to a level that was still leaps above its September marks. The Bankroll community claimed that the number of updates and developments from the organization played a pivotal role in the token scaling price heights.

 

The Bankroll and TRX pairing has been much talked about in the world of virtual assets with the potential to become the face of Web 4.0. Despite the lacklustre performance over the past couple of months, the pairing was now coming into the market strong and confident. Over the past 24-hours, the BNKR/TRX pairing rose by 3.72 percent holding a price of 11.1 TRX. The 24-hour peak for the token was 12.25 TRX while the daily low held at 10.3 TRX.

bnkr

At a time when the 24-hour volume had risen to 7587 BNKR, it makes sense to go through the token’s technical analysis and guage its upcoming patches, if any. The Chaikin Money Flow indicator BNKR displayed a sombre tone for the cryptocurrency as the graph fell below the zero line. This meant that the capital leaving the Bankroll market had overtaken the amount of capital coming in.

The Relative Strength Index for Bankroll had also fallen to the bottom of its respective graph, pointing to an upcoming bearish atmosphere. RSI’s fall to the extremities of the oversold zone further indicated that more people were selling Bankroll tokens than HODLing them.  Supporters of the cryptocurrency were weary but hopeful of the coming market changes. One of the main characteristics that give them hope is the fact that immediate support and resistance had remained unchanged for the past 12 days.

TERC Price Analaysis: Double Digit Growth Enables Cryptocurrency To Leapfrog Its Rivals

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The cryptocurrency market has seen a roller-coaster price movement over the past week and no token has been immune to the phenomenon. Also, cryptocurrencies in the lower rungs have seen changes that are typically unheard of in the virtual asset world.

One of the smaller cryptocurrencies that made a name for itself was the Tron based TERC, which has been on the bullish ramp for the past 24 hours. This performance has reinvigorated the ecosystem while, at the same time, bringing in new investors.

terc trading

At press time, TERC was trading for $0.0175 with a total market cap of $3.58 million. A 16 percent price hike over the previous week had also elevated the daily trading volume to $6469. While the circulating supply maintained above 200 million, fans of the cryptocurrency were expecting another massive surge soon. This positive attitude could also be linked to the number of updates and developments coming out from the TERC holdings.

Technical analysis of the cryptocurrency showed varying degrees of movements over the past week. Looking at the chart, it was pretty evident that the latest climb was making a massive impact on the overall performance of the cryptocurrency, The Bollinger bands had diverged away from each other with the current route expected to generate a large Bollinger cloud. This was the first time since the start of October that the Bollinger cloud had expanded to such a large magnitude.

The Relative Strength Index displayed a really strong performance that lifted the chart closer to the overbought zone. This was a sign that the buying pressure had increased because of more people holding onto their TERC assets. The other indicator that sided with the bull was the Chaikin Money Flow.

According to the CMF, the capital coming into the TERC market had reduced a bit over the past week. Although the graph was still above the zero line, the cryptocurrency would find it good if investors channeled in more towards TERC. Fans of the cryptocurrency need not worry as TERC was on its way to make October its best performing month yet.

Sesamessed [SEED/TRX] Price Analysis: Cryptocurrency Bets on Future Bull Movements as Bear Takes Hold

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The cryptocurrency market has been on a rollercoaster ride over the last few weeks, with price fluctuations having an effect on token rankings as well. During the fluctuations, Tether overtook XRP to become the third-largest cryptocurrency on the charts.

Although larger tokens were struggling to climb, some smaller cryptocurrencies were struggling to make their name in the industry. One of these tokens was Sesameseed, a cryptocurrency that had shot to fame after its tie-up with Tron.

Ever since Sesamesed’s inception, the cryptocurrency has been making waves with its sheer number of updates and developments. According to CoinMarketCap, Sesameseed was one of the few cryptocurrencies maintaining a good price standing. At press time, SEED was trading for $0.03 with a market cap that is known to fluctuate on a weekly basis. A 0.45 percent price drop in the 24-hour spectrum had reduced the daily trading volume to $2057.

Technical analysis of Sesameseed showed that the cryptocurrency was not completely immune to the bear attack. The three indicators chosen to assess the situation were Bollinger bands, the Chaikin Money Flow, and the Relative Strength Index. According to the TA, the price had stagnated over the past couple of days with the bear crunch squeezing the immediate support and resistance.

seed scaled

The Bollinger bands had begun to diverge from each other after converging on Tuesday. The divergence that SEED has been enjoying could be a sign that the cryptocurrency had a chance to escape the bear rut soon. According to the RSI, SEED still had some way to go before it could gun for greener pastures.

The RSI was closer to the oversold zone after suffering a fall in the previous 24-hour timeframe. SEED was near the bottom of the graph because more people were selling the tokens due to a change in investor sentiment. Next, we had the Chaikin Money Flow indicator, which described the capital movement in a particular cryptocurrency ecosystem.

Sesameseed’s CMF had fallen below the zero line after a steady hold above it last week. The drop was a result of the capital leaving the SEED market being more than the capital coming into the market. Some experts in the field claimed that the cryptocurrency might see some positive fluctuations as the week comes to a close.