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As the fear of further crypto capitulation gradually dissipates, as shown by the spike of Bitcoin's (BTC) fear and greed index to 39 percent, more crypto traders have flocked into the altcoin industry led by the Tron (TRX) network.
The digital asset space is becoming more interesting to watch as the battle to stay among the top 10 cryptocurrencies in the industry becomes increasingly competitive. Cardano (ADA), previously the 10th largest coin, was edged out by TRON (TRX) following the success of its meme coin launchpad, SunPump, which boosted investors' interest in the asset.
The crypto market is growing fast, and people need to stay alert when it comes to finding the next best thing. As 2024 advances, three projects show signs of growth: Ripple (XRP), DTX Exchange (DTX) and Tron (TRX). Each crypto has something special about it.
Tron (TRX) has become a top crypto asset, with a notable rise in network activity driven by a surge of new memecoins. The wave of new memecoins on Tron's platform has led to increased network activity and TRX burns, which have reduced the circulating supply and heightened demand.
The anonymous trader's SunWukong holdings surged to $750,000 at its peak, but he hasn't sold a single token yet.
News of the crypto projects Cardano, Tron and Aave
As Cardano gears up for its Chang hard fork scheduled for August 27, the crypto community is filled with excitement and anticipation. The update pushes Cardano into the “Voltaire era,” marking a major step toward fully decentralized community governance.
As Ethereum grapples with slow transaction speeds and high fees, Tron is emerging as a potential rival that could shake up the blockchain landscape. With its focus on speed and cost-effectiveness, Tron is drawing attention as a possible successor to Ethereum.
TRON blockchain achieves record-breaking daily revenue of $5.33 million, propelled by SunPump memecoin generator
TRON leads public chain platforms with $3.84 million in revenue, surpassing Ethereum and Solana in the past 24 hours.
Tron's new meme coin platform SunPump has rapidly overtaken Solana's Pump.fun in daily token launches and revenue, driving record activity on the Tron network
SunPump, a new memecoin creator on the Tron blockchain, has quickly generated over $1.1 million in revenue within just 11 days of its launch.
SunPump's success has led to a notable increase in activity across the Tron Network.
Justin Sun is considering reducing fees on the TRON blockchain amid the ongoing SunPump craze, which involves meme coins built on the network.
In the fast-changing world of digital currency trading, where fortunes can quickly rise and fall, one trade stands out. An anonymous trader saw their investment in Sun Wukong, a new memecoin on the Tron blockchain, soar to a peak value of $750,000, showcasing patience and potential foresight.
TRON's daily revenue reached a new all-time high while its price witnessed a quick correction after touching its 40-month-high. On Aug. 21, TRON (TRX) reached $0.165, a level not seen since April 2021.
SunPump crossed $1 million in revenue in 11 days since launch. The Tron blockchain is also recording massive revenues due to SunPump's popularity.
Tron's new meme coin launchpad SunPump has captured the attention of degen traders, overshadowing the once-dominant Solana-based platform, Pump.fun.
SunPump, a memecoin platform on the Tron blockchain, has generated over $1.1 million in revenue just 11 days after its launch.
Tron's new memecoin deployer SunPump has just overtaken its rival, generating 59% more revenue than pump.fun in the last 24 hours.
The anonymous trader's Sun Wukong holdings surged to $750,000 at its peak, but he hasn't sold a single token yet.
Justin Sun predicts TRON will achieve over $4 billion in revenue within the next year, driven by a strategic focus on meme tokens and expanding market activity. TRONs $4B Revenue Goal Linked to Meme Strategy In the next year, TRON will earn more than $4 billion, according to Justin Sun, the networks creator.
Tron reached a yearly high days after the launch of the memecoin project SunPump.
TRX, the native coin of the decentralized blockchain Tron, now trades at its highest price since May 2021. The coin's value has risen by 27% in the past seven days.
