Here's why TRON holders are ‘237% confident' in TRX's price action
Tron (TRX) has gained a lot of momentum this year, with its market cap surging and long-term holders growing too.
Keep up with what's happening in the crypto world in real-time.
Tron (TRX) has gained a lot of momentum this year, with its market cap surging and long-term holders growing too.
Despite the bullish market outlook, the Tron price plunged 2.17% to $0.148 during the Friday trading session. While the bearish momentum signals prolonged correction, the TRX price holds a healthy retracement level at $0.145 amid whale accumulation to signal a potential upswing.
On-chain data shows that Tron long-term holders have increased by 237% in the past year, suggesting a rise in HODLing convictions on the network.
The T3 Financial Crime Unit has been established to address the increasing number of financial crimes associated with USDT transactions on the Tron blockchain. As one of the largest stablecoins in the market, USDT has become a prime target for various forms of illegal activity, including scams and fraudulent schemes.
It was another dull week in the cryptocurrency market as the crypto fear and greed index slipped to the fear zone of 37 while Bitcoin remained in a consolidation phase. Bitcoin was trading below $60,000 while Ethereum fell below $2,500. This article looks at Tron (TRX), VeChain (VET), and Helium (HNT).
The increase in TRX's long-term holder addresses shows strong investor confidence in the network's future.
The Cardano (ADA) blockchain has seen a notable rise in transactions since the early September Chang hard fork. The network growth has contributed to a gain in ADA price as the coin has emerged among the top performers in the last 24 hours.
CoinStats, a top cryptocurrency portfolio management platform, has announced the launch of full support for TRON
TRX, the native currency of decentralized blockchain platform TRON, has seen a major bullish development today. While its price has remained steady recently, a trend not seen across the market, TRX is hinting toward another upward trend in the near future.
The broader digital currency ecosystem is recovering as the combined crypto market cap jumped by more than 2.35% to $2.04 trillion. Besides Bitcoin (BTC) and Ethereum, among the major altcoin beneficiaries of this rally are XRP, Dogecoin (DOGE) and Tron (TRX).
Projects like DTX Exchange are gaining attention as potential disruptors of the traditional finance ecosystem. With traditional platforms facing high fees and complicated processes, investors and traders are shifting their focus to innovative solutions that offer higher leverage, lower fees, and no KYC requirements.
SunPump, a memecoin launchpad powered by the Tron blockchain, has seen a steep drop in memecoin activity following its initial success.
The T3 FCU will collaborate with law enforcement to uncover and block criminal uses of USDT.
Tether, Tron, and TRM Labs unit to form T3 Financial Crime Unit to curb illicit crypto activities.
Unlock September's top cryptocurrencies projected for substantial gains in our latest investment guide. Explore new opportunities to grow your portfolio while bears are dormant.
Amid a crypto market downturn, TRX, THETA, and XTZ face price challenges, despite positive developments.
Tron, Tether and the blockchain intelligence firm, TRM Labs, appears in the T3 Financial Crime Unit (T3 FCU) that aims to address an increased rate of criminal activities associated with the USDT in the TRON ecosystem.
Ethereum competitors, such as Solana (SOL), Tonoin (TON), Tron (TRX), Cardano (ADA), and SUI, are likely to draw investors' attention as ETH price correction over the past six months. The bearish momentum accelerated as the Ethereum network was attacked by crypto hackers and growing speculation behind CEO Vitalik Buterin selling his holdings.
Amid increased uncertainty in the crypto market, the Tron project has outperformed all the top 20 cryptocurrencies including Bitcoin with a surge of over 20% in the past month. Following this, Tron-based altcoins gained significant attention from the investors resulting in many tokens recording three-digit gains within a short period.
The T3 Financial Crime Unit will work to reduce criminal activity associated with USDT on Tron, collaborating with law enforcement agencies to hold criminals accountable and make victims whole.
The Indonesian crypto exchange Indodax recently suffered a crypto hack, with the exploiter stealing $20 million. Onchain data shows that the hacker has swapped the stolen funds to major crypto assets, including Bitcoin and Ethereum.
TRX's Open Interest has dropped by nearly 50% within two weeks.
NO BYLINE, THANKS Three major players in the crypto space are teaming up to prevent the improper use of USDT, the largest stablecoin by market cap.
Tether, the largest stablecoin issuer, has partnered with Tron, one of the top blockchains, and blockchain intelligence firm TRM Labs to tackle criminal activity involving USDT.