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Liberland appoints Justin Sun the inaugural Prime Minister of Liberland, but accessing the country is a challenge of its own.

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 has become deflationary this year despite most of the cryptocurrencies being inflationary. It is a huge achievement for tron to become a crypto whose token supply is decreasing. This shows the increase in adoption and activity for TRX token. This has become possible due to multiple factors that we are going to discuss.

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.