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Memecoins have been one of the largest narratives of this bull run, with Solana-based ones leading the frenzy. The massive popularity led to the creation of platforms that facilitated the creation of these tokens.
The world of cryptocurrency is a melting pot of innovation, where each project brings something unique to the table. This week, NEAR Protocol and TRON are leading the charge, each pushing the boundaries of what's possible in the blockchain space.
With Bitcoin inching closer to the $60K mark, the broader altcoin market shows a bullish recovery. Amid the top performers, Tron is making waves with its new upcycle in motion. As the TRX price surge makes it one of the top gainers, will the bull run surpass $0.14 to extend the uptrend? Let's find out.
Tron's share of the stablecoin market continues to grow as the network's adjusted transfer volume in USDT hit $384 billion in July.
Tron's revenue growth contrasts with a drop in TVL, hitting a six-month low of $7.4B after a brief recovery in July 2024.
Data from Token Terminal revealed that the Tron network revenue had exceeded Ethereum's revenue in the last 24 hours, 30 days, and 90 days. According to Tron founder Justin Sun, Tron's revenue surged past Ethereum's revenue by 50% in the last 30 days, and bullish projections showed that Tron could hit over $2 billion in annual revenue.
Justin Sun, the founder of Tron, has introduced a new platform called SunPump, designed to facilitate the creation of meme cryptocurrencies within the Tron blockchain. This initiative comes as these tokens continue to capture attention in the cryptocurrency market, blending humor with speculative investment opportunities.
The Tron network surpasses Ethereum, reaching $435 million in revenue, with the latter reaching $364 million.
Memecoins have become a key part of the recent crypto bull market. In a recent development, Sun.io, the DeFi protocol associated with Tron founder Justin Sun, has released a token generator dubbed SunPump, a platform that will allow users to create meme coins on the Tron blockchain. The new platform will rival Solana's Pump.
Tron Network has made an important pivot into the meme coin scene, and thus far, its performance has been good. According to data insights from crypto analytics firm Lookonchain, some traders are already making a lot of money trading Tron-based meme coins.
Story Highlights The live price of the Tron coin is Tron crypto could reach a maximum of $0.20 by 2024. TRX coin price could go as high as $0.73 by 2030. As the 11th biggest altcoin per market cap, TRX price shows a persistent upward journey amidst the highly volatile crypto market.
With the increase in Bitcoin's dominance, the much-awaited altcoin season will face extended delays. To officially begin the alt season, at least 70% of the coins must outperform BTC, but it's only 6. At the time of writing, Bitcoin dominance is at 56.8%, peaking at 57.7% in last week.
As crypto markets trade in subdued fashion amid a lack of notable catalysts, traders are scouring altcoin markets for top crypto performers today that might be able to generate quick gains.
In the second quarter of 2024, Tron achieved a staggering $1.25 trillion in USDT settlement volumes. This figure highlights Tron's growing influence in the digital payments arena, placing it on par with traditional financial institutions like Visa.
Tron (TRX) is showing strong bullish momentum after a significant rebound at a key support level. This recent shift in momentum suggests that the $0.1443 target is now within reach.
According to data from DeFi Llama, the Tron network accrued $1.31 million in network revenue during the past 24 hours alone.
Tron's strength during recent market upheaval could propel it past Cardano on CoinMarketCap, driven by solid fundamentals.
Recent market developments indicate a significant strategic shift, with the Tron Network (TRX) emerging as a key player in the blockchain space. Blockchain analytics platform Lookonchain has reported large-scale USDT transfers from the Tether Treasury to Kraken, facilitated through the Tron blockchain.
Recently, DTX Exchange (DTX) has become a favorite among big crypto market players. The token's growth potential has attracted much attention, as whales from projects like Tron (TRX) and Notcoin (NOT) have placed bets on it. Many analysts view it as the next 90x crypto in 2024.
Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
Tron price is rising from the $0.1250 zone against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1320.
USDT transactions on Tron have increased five-fold from around $25 billion in 2020.
TRON's shiny new token issuance platform strives to maintain equilibrium in supply and demand via the Bonding Curve.
TL;DR Tron launches SunPump, a platform for launching memecoins with reduced fees and strict security measures. SunPump, currently in beta, offers up to a 99% discount on gas fees and integrates with the decentralized exchange SUN.io.
