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Following the unmatched success of the Solana (SOL) ecosystem catalyzed by its meme coin sector, Justin Sun's Tron (TRX) has increased its focus on the same industry. According to an X post from Sun earlier today, the Tron network will welcome a new meme coin season through the SunPump.
The price of TRON (TRX) has fallen below the moving average lines, indicating further rejection at the moving average lines. In other words, upside moves are being rejected at the $0.130 high.
Three different cryptos with three distinctly different market trends.
A recent report by Messari revealed that in the second quarter of 2024, TRON saw a significant 29% rise in daily transactions, reflecting its growing adoption in the blockchain ecosystem.
A notable increase in TRON's on-chain activity over the last six quarters, showcasing the blockchain's robust performance and scalability. This surge underscores TRON's growing influence and its evolving role in the global crypto market.
Map Protocol announced its integration with the Tron blockchain on Thursday, aiming to launch pioneering chain-to-chain communication capabilities on the TRX network. Also, the alliance aims to broaden MAP Protocol's reach while offering Tron builders and enthusiasts a chance to interact with different blockchains.
Tron (TRX) faced huge losses after the market swung downward in a strong overreaction amidst macroeconomic fears. According to CoinGecko, the token is down nearly 6% since last week but has since turned a full 180 gaining almost a percent today, August 7th.
The TRON blockchain is used widely for transfers of Tether (USDT) in trading and retail purposes.
Tron (TRX) and Celestia (TIA) cryptos face notable value depreciation amid stemming fears about a US recession, triggering a historic drop in the price of Bitcoin (BTC) after 2021. Investors move their capital to safer investment options like Gold, bonds, or top crypto presales rather than Bitcoin (BTC) or under volatile currencies.
After a period of bearish control, the TRON price has shown signs of a promising rebound. In recent days, the global cryptocurrency market has experienced a significant downtrend, affecting various major digital assets.
Tron (TRX) may have displayed incredible strength during past drawdowns. However, the altcoin was not exempted during the recent one that saw Bitcoin (BTC) drop below $50,000.
The cryptocurrency markets have recovered over the past 24 hours, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies rebounding after a bloodbath that saw their prices hit lows not seen in months. The crash in the Japanese stock market triggered panic across the traditional and cryptocurrency markets.
Ethereum price recovery, as well as that of other cryptocurrencies, suggests that the broader financial market is taking a breather.
Crypto industry veterans are extending full support in this crypto market crash by buying the dips. Tron founder Justin Sun, who's been on an Ethereum accumulation spree since February 2024, purchased an additional 14,884 ETH on Monday.
TRON's stable demand and high transaction speeds position it as a key player in enhancing blockchain liquidity and practical digital asset use. The post Cointelegraph and CryptoQuant research reveal TRON's inelastic activity, maintaining stability appeared first on Crypto Briefing.
Launched in 2017, TRON was originally positioned as an Ethereum killer. Here's another report from cryptorank.
Tron (CRYPTO: TRON) founder Justin Sun on Monday refuted claims that his positions were liquidated following a major drop in cryptocurrency prices. What Happened: The rumors began circulating on microblogging website X early Monday morning in Asia.
Justin Sun, the founder of the Tron blockchain, owner of the Poloniex and Huobi crypto exchanges, has taken to his X account (formerly known as Twitter) to address the rumors about his liquidations allegedly provoking the ETH price plunge. On-chain data confirms his statement, showing he has not sold the big Ethereum bag accumulated this year since February.
As the crypto market crash continues and warns of an intense correction ahead, the altcoins are losing the bullish grip over multiple support levels. This increases the market liquidation numbers and the overall FUD in the market.
The 18% drop in the broader crypto market over the past 24 hours has sent major shockwaves leading to huge liquidations in the leveraged positions. With the Ethereum price tanking over 20%, several rumors started floating that Tron founder Justin Sun got rekt with more than $152 million in liquidations of the leveraged positions.
Discover top altcoins like Avalanche, Solana, TRON, Polkadot, and Polygon, poised for 20x growth as ETH and BTC rebound. Learn why these altcoins are set for significant gains.
Persistent bearish forces from two weeks ago continue to impact the cryptocurrency sector, which saw its global market cap suffer a substantial loss of $350 billion, decreasing by 10.4% to $2.15 trillion by the end of the week.
The price of TRON (TRX) has risen twice to the resistance level of $0.14, but was unable to break through. Price analysis by Coinidol.com.
Dogecoin has entered a downtrend, as it has recently fallen below the pivotal 50 EMA. This barrier is important for DOGE because it usually denotes bullish momentum when it is maintained above.
