When Will Tron (TRX) Investors Notice What the Alt Misses?
Tron (TRX) still falters as the overall crypto market follows Ethereum’s (ETH) pump. Moreover, Coinmarketcap data shows TRX is one of the leading altcoins to record losses during the week. Most assets have risen to prominence, while TRX lost a slight 0.25% within the past week.
This consolidation confirms TRX’s status recently, especially after the altcoin printed recovery moves in July. While publishing this post, Tron traded at $0.07 following a late propel by August 13 bull activity.
Rise & Shine
Tron’s blockchain continued to emerge in the limelight despite TRX’s performance. Furthermore, the crypto community appears to start to notice that. Lunar Crush data shows TRX was one of the top-ten trending searches on its platform.
Nevertheless, the Social Dominance index didn’t reflect this development. Moreover, the metric could not witness spikes since the July 26 mega-hit, with the index continuing to hover at 0.325%.
Also, Tron recently compiled its weekly updates, including the network’s development updates. The report revealed that Tron’s ecosystem partnered with Wintermute and Travala to expand the blockchain.
These collaborations want to propel Tron’s growth to further highs in the upcoming months. Furthermore, CoinMarketLeague ranked TRX first in a top ten list for popular and most voted blockchains.
Also, Tron Scan updates about the surging stablecoin activity on Tron’s network. The tweet indicated that average stablecoins transfer volume on Tron hit $7.15B per day between August 5 and 11. Furthermore, the amount in DeFi total value locked on Tron noted a more than 1% increase within the past day to $11.6 billion.
However, Tron’s daily transactions aren’t printing significant uptrends (despite this progress). Daily transactions stood at about 5.1 million as August started, revealing gradual growth. Tron Scan indicates that transactions touched the 5.2 million level, indicating a minor increase amidst wild fluctuations by the same within the past two weeks.
What next for Tron? While ecosystem developments reflect Justin Sun’s goal, TRX should capitalize on the current revival rally. Nevertheless, the narrative has been different so far. It might not take long until market players notice it.
Feel free to share your thoughts in the section below.
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