- TRX TVL has been trending upwards for a few weeks.
- The metrics and market indicators are in line with the interest of the bulls.
Tron (TRX) He recently posted a chart that revealed a steady increase in the total number of transactions over the past few months. According to the graph, the number of TRX transactions has been increasing since September 2022.
of the table @rfw_arcana Share some stats we love to see.
In terms of calculating total monthly transactions, this chart sets the record straight…#tron With overall growth each month showing a steady trend in the right direction. #tronstrong💎 pic.twitter.com/bWmRx2fDpm
—Tron Dao (@trondao) February 18, 2023
Well, TRX left behind all the other cryptocurrencies in the competition and ranked first in the list of projects based on the number of transactions.
Simply put, it managed to outperform ETH, XRP, BTC, and ADA, which was a commendable move. This was an optimistic development as it shows the high adoption and usage of TRON across the globe.
Of the top 5 blockchain networks by number of transactions, #tron is ahead of #XRP, #etherium, #bitcoinAND #Cardano 💪 pic.twitter.com/LXmxULpVoe
– Tron Community (@TronixTrx) February 18, 2023
Reading Tron (TRX) Price Prediction 2023-24
TRX keeping up with the market
On the other hand, thunder It is also partnering with other platforms that could help the network expand its offering. The latest was a partnership with the Princeton Blockchain.
With the help of Tron, Princeton will be able to further its goal of introducing blockchain technology to Princeton students.
we are proud to announce @trondao Our gold level donor for the year 2023 is Support Tron will further our mission to promote blockchain technology in Princeton. For more information on the association, visit our new website: pic.twitter.com/3xIz6d1nVn
– Princeton Blockchain Club (@pton_blockchain) February 17, 2023
Well, investors will be happy to know that TRX responded well to all these updates.
According coin market capThe coin is up more than 8.5% in the last seven days and, at the time of writing, was trading at $0.07001 with a market capitalization of more than $6.4 billion.
Additionally, TRX on-chain performance was also positive, signaling even brighter days ahead. In fact, Total Value Locked (TVL) There was a steady uptrend in the network, which looked promising.
besides, clean startDevelopment activities have increased in the last seven days. The price increase was accompanied by an increase in volume, which was a positive sign.
Furthermore, the alt was also in high demand on the derivatives market as its Binance funding rate was in the upper circuit.
LunarCrush Statistics It was further revealed that TRX also managed to remain popular in the market as its social mentions increased by 26%.
How much they cost 1,10,100TRX is it worth it today?
the bulls move
As metrics, at a glance clean startThe daily chart suggested the possibility of a continuation of the uptrend as most indicators were in favor of the bulls.
For example, the MACD showed a bullish crossover. Chaikin Money Flow (CMF) for TRX registered a bullish trend and moved above the neutral mark, which was again a bullish indicator.
According to the Bollinger Bands, the TRX price was entering a zone of high volatility, which increased the chances of a price spike in the coming days. However, TRX’s Money Flow Index (MFI) dipped slightly.
Source: TradingView
