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TRON Price Analysis: Defying the broader market dynamic, the Tron coin price witnessed a notable recovery in June. While the leading assets like Bitcoin and Ethereum hit a low of $60000 and $3233 registering, the TRX price recently hit a five-week high of $0.125.
As TRX overtakes SHIB by market cap, Justin Sun comes up with another strategic move ahead of Ether ETF launch.
Tron (TRX) currently trades at $0.12, its highest level in the past 30 days. The altcoin's value has risen by almost 10% in the last month.
In the course of what happened on the crypto market in the last few days, and especially in the last 24 hours, another dramatic micro-event occurred, in addition to liquidations worth hundreds of millions of dollars. It is related to the popular meme cryptocurrency Shiba Inu (SHIB), which has been displaced from 11th place among the largest cryptocurrencies by CoinMarketCap.
The Tron network's native TRX token recently leapfrogged canine-themed meme coin Shiba Inu (SHIB) in terms of market capitalization, landing it into position as the 11th largest cryptocurrency by total value, according to data from CoinGecko. TRX's explosive move has raised the possibility that it could soon flip Cardano (ADA), which currently occupies the tenth spot.
Justin Sun has been actively purchasing Ethereum, signaling his optimism about the upcoming approval of spot ETH ETFs.
TRON is on a path to recovery as USDT daily trading volume on the network has surpassed VISA.
Tron (TRX) has surpassed Shiba Inu (SHIB) in market capitalization in a notable shift within the cryptocurrency market rankings.
The price of TRON (TRX) has risen above the support level of $0.11 and has broken through the moving average lines. Price analysis by Coinidol.com.
However, it is an overtaking that should be taken with a grain of salt, because the comparison is not direct.
Tether (USDT) has recently achieved a remarkable milestone on the TRON blockchain by surpassing Visa's average daily trading volume. This achievement, with USDT reaching $53 billion in daily transactions, not only underscores the growing influence of stable coins but also highlights the transformative potential of blockchain technology in global financial markets.
New data reveals the daily average volume of the stablecoin Tether (USDT) over the Tron (TRX) blockchain has surpassed that of credit card giant Visa.
According to on-chain data on the Tron network released by Lookonchain, Tether has exceeded Visa in daily trading volume. The data showed that USDT stood at $53 billion, compared to Visa's average daily trading volume of $42 billion.
USDT, Tether's digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa's average daily transaction volume on the Tron blockchain, underscoring its position as the undisputed leader in the stablecoin space.
TRON-based USDT surpassed Visa's daily average of $42 billion in Q1, 2024.
Tether's USDT on TRON outpaces VISA's daily volume, highlighting stablecoins' growing impact on international finance and payments.
According to data from the X account Lookonchain, the 24-hour trading volume of tether on the Tron network has surpassed Visa's average daily transaction volume. Additionally, despite a general downturn in the crypto economy, tron (TRX) has achieved a 2% gain against the U.S. dollar over the past week.
TL;DR Tether on Tron reaches $53 billion in daily volume Exceeds Visa's daily average of $42 billion Indicates growing adoption of cryptocurrencies in transactions Tether (USDT) on the Tron network has surpassed Visa, the global payments giant, in daily trading volume.
In a significant milestone for the cryptocurrency market, Tether (USDT) on the Tron Network has surpassed Visa in 24-hour trading volume.
Tron price has risen for three straight days after on-chain data pointed to robust performance of its ecosystem. TRX jumped to a high of $0.1185 on Friday, its highest point in a month.
The spike in the volume can be partly attributed to the increase in demand for stablecoin in a period when the crypto market is experiencing a downturn.
Bitcoin price appears to be in ‘Dire-Straits' while some of the altcoins like Fantom & Tron are gaining strength. Ever since the Ethereum price displayed strength, the altcoins have turned out to be poised to achieve fresh highs in the later part of the year.
Tron, the cryptocurrency started by Justin Sun, has crossed an important metric as it continues to gain market share. On-chain data shows that the volume of Tether (USDT) traded on the network soared by almost 10% in the past 24 hours, reaching a high of $53 billion.
TRX's popularity in the community isn't doing anything for its price
