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| TRON 
| #TRX
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| TRX Price: | $0.11 | | Volume: | $0.2 B | | All Time High: | $0.29 | | Market Cap: | $9 B |
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| Circulating Supply: | 88,528,901,493 |
| Exchanges: | 88
| | Total Supply: | 88,528,901,493 |
| Markets: | 247
| | Max Supply: | — |
| Pairs: | 119
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The price of #TRX today is $0.11 USD.
The lowest TRX price for this period was $0, the highest was $0.105, and the current live price for one TRX coin is $0.10503.
The all-time high TRX coin price was $0.29.
Use our custom price calculator to see the hypothetical price of TRX with market cap of ETH and how the supply affects the price of TRX at different market capitalizations. |
The code for TRON is #TRX.
TRON is 6.2 years old. |
The current market capitalization for TRON is $9,298,117,996.
TRON is ranked #12 out of all coins, by market cap (and other factors). |
There is a very large volume of trading today on #TRX.
Today's 24-hour trading volume across all exchanges for TRON is $186,643,353. |
The circulating supply of TRX is 88,528,901,493 coins, which is 100% of the total coin supply.
TRON has a relatively large supply of coins, 728 times larger than Ethereum's supply, as an example. |
TRX is the native coin for the Tron blockchain.
View the full list of Tron blockchain tokens. |
TRX is well integrated with many pairings with other cryptocurrencies and is listed on at least 88 crypto exchanges.
View #TRX trading pairs and crypto exchanges that currently support #TRX purchase. |
A Step-by-Step Guide to Migrating Binance-peg TRX to BTTC-bridged Version TRX
Binance-peg TRX (old BEP20 TRX) is now migrating to the BTTC-bridged Version TRX (new BEP20 TRX). In this guide, we will provide step-by-step instructions to help you migrate your tokens to the new version. — Step 1: Deposit Your Binance-peg TRX to a Centralized Exchange. — 1. Log in to your Binance account or any other centralized exchange that supports Binance-peg TRX. 2. Go to the deposit section and select Binance-peg TRX from the list of available assets. 3. Copy the deposit address and use it to send your Binance-peg TRX from your wallet to the centralized exchange. 4. Wait for the deposit to be confirmed on the exchange. The time it takes for the deposit to be confirmed may vary, but it usually takes a few minutes. — Step 2: Withdraw Your TRX to the Tron Network. — 1. Once your Binance-peg TRX is deposited on the centralized exchange, go to the withdrawal section and select TRX as the asset to withdraw. 2. Enter your Tron wallet address where you want to receive the TRX and the amount of TRX you want to withdraw. 3. Confirm the withdrawal and wait for the transaction to be processed. The time it takes for the transaction to be processed may vary, but it usually takes a few minutes to an hour. — Step 3: Bridge Your TRX Using BTTC Bridge. — 1. Open app.bt.io in your browser. 2. Click on “CONNECT WALLET” and connect both your TronLink Wallet and Metamask Wallet with the BSC ne... 
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TRON Weekly Report 11.28–12.04 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Korean. — — Japanese. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON has become a DAO since Dec 2021
TRON has officially become a decentralized autonomous organization (DAO) since Dec 2021. The TRON network is a decentralized blockchain protocol that does not collect user data nor does it maintain any private information about user demographics. There is no way for the TRON DAO to exert control over its user composition nor does any other decentralized blockchain network. Tron Network Ltd. does not represent the entire DAO. The BVI entity is merely one of the many companies working in the TRON ecosystem to support its developer, use case and community growth. The matter of fact is, Tron Network Ltd. does not hold any TRX to our knowledge nor does it operate any TRON validator nodes. The TRON DAO team would be more than happy to respond to any media or industry queries should they contact mailto:support@trondao.org. The TRON founder Justin Sun has stepped down as CEO from the dissolved entity Tron Foundation since Dec 2021 and has since embarked on a new journey in his diplomatic career, along with other new endeavors. Mr. Sun does not represent the TRON DAO nor does he actively work for the DAO on a daily basis. All queries or request to the DAO should go to the TRON DAO team at the support email above. TRON is by construction a permission-less blockchain protocol, in the same way as Bitcoin, Ethereum, XRP, Litecoin, etc. The inherent nature of any decentralized blockchain protocol is open source – anybody on the planet ea...
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TRON Weekly Report 9.19–9.25 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Korean. — — Japanese. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON Weekly Report 8.29–9.04 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Korean. — — Japanese. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON Weekly Report 8.22–8.28 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Korean. — — Japanese. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON Weekly Report 8.15–8.21 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Japanese. — — Korean. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON Weekly Report 8.08–8.14 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Japanese. — — Korean. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON Weekly Report 8.01–8.07 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Japanese. — — Korean. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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TRON Weekly Report 7.25–7.31 International Version
14 languages supported: Arabic, Dutch, English, French,German, Hindi, Japanese, Korean, Russian, Spanish, Simplified Chinese, Traditional Chinese, Turkish, Vietnamese. — Arabic. — — Dutch. — — English. — — French. — — German. — — Hindi. — — Japanese. — — Korean. — — Russian. — — Spanish. — — Simplified Chinese. — — Traditional Chinese. — — Turkish. — — Vietnamese.
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 | Tron Blockchain Founder Justin Sun Rejects Reports Linking His Protocol ...
Tron blockchain founder Justin Sun has rejected suggestions that his protocol is increasingly being used by terrorist organizations. Sun said Tron's top priority remains maintaining decentralization as well as making sure users' assets remain safe. A new report suggests that between July 2021 and October 2023, Israel's National Bureau for Counter-Terror Financing (NBCTF) seized 143 Tron wallets. Tron Wallets Linked to Designated Terrorist Organizations
Justin Sun, the founder of Tron blockchain, has pushed back against reports suggesting that terror organizations are increasingly moving funds via his network. In a post on X (formerly Twitter), Sun, who did not directly address claims in a Reuters report, argued that the responsibility of running Tron is entrusted to 'global super representatives.' He implied that neither he nor his team determine who uses the protocol.
According to a group of experts interviewed by Reuters, many terror organizations now prefer moving funds via the Tron protocol because it is faster and cheaper than the Bitcoin network. To back this claim, the Reuters report cites the seizure of 143 Tron wallets between July 2021 and October 2023 by Israel's National Bureau for Counter-Terror Financing (NBCTF).
The wallets were either linked to 'designated terrorist organizations' or had been used for 'severe terror crime.' As stated in the Reuters report, 87 Tron wallets seized by Israeli authorities so far this year belonged to Hezbollah while another 56 be...
|  | Hamas And Hezbollah Pick Tron Instead Of Bitcoin In Crypto Shift, Report
TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as Hamas and Hezbollah, which are designated terrorist organizations by the US, UK, and other countries.
According to a Reuters report, this development has opened a new front in Israel's battle against the funding of alleged Iranian-backed militant groups.
Tron Wallets Targeted In Israeli Seizures
According to the report, a comprehensive analysis of crypto seizures announced by Israeli security services since 2021 highlights a significant increase in targeting TRON wallets and a decrease in seizures related to Bitcoin wallets.
The National Bureau for Counter Terror Financing (NBCTF) of Israel, responsible for seizure operations, froze a total of 143 TRON wallets between July 2021 and October 2023, believing them to be associated with 'designated terrorist organizations' or involved in 'severe terror crimes.'
Notably, 87 of these seizures occurred this year, including 39 wallets linked to Lebanon's Hezbollah and 26 wallets associated with Palestinian Islamic Jihad, a Hamas ally.
In response to heightened scrutiny of Hamas' financing, Israel intensified its investigation efforts. It discovered that 56 TRON wallets were connected to Hamas, with 46 traced back to a Gaza-based money exchange company called Dubai Co. For Exchange.
Following the recent Hamas attacks on Israel, the largest crypto account seizure to date was annou...
|  | Tron Founder Justin Sun Confirms Exploit on HTX and HECO Cross-Chain Bri...
PeckShield revealed that over $86.6 million in digital assets were moved from the HECO Chain bridge to addresses raising suspicion. The blockchain security firm said the bridge was compromised, and the transaction was initiated by the operator, indicating a potentially compromised operator.
The latest breach is the second recent incident tied to Justin Sun's projects.
HTX, HECO Bridge Compromised
Tron Founder Justin Sun confirmed the attack on the HTX and HECO cross-chain bridge and assured the community that the crypto exchange would fully reimburse users for any losses resulting from the breach.
As a response to the investigation, the exchange has temporarily halted deposits and withdrawals. Sun added that the services would resume once the investigation is concluded.
The exec also said the funds in HTX are secure, and the crypto exchange plans to reimburse the losses from its hot wallet.
'HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX's hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured. We are investigating the specific reasons for the hacker attack. Once we complete the investigation and identify the cause, we will resume services.'
The suspicious transactions were first flagged by PeckShield, which issued an alert highlighting the transfer of 10,145 Ether, valued at approximately $19 million, was moved from the bridge. Subsequent transactions ensued,...
|  | Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpa...
This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with the remainder circulating across various other blockchain platforms.Tether Supply Jumps 3.6% in 30 Days
The market capitalization of tether (USDT) continues its upward trajectory, now standing at an all-time high. From September 3 to November 9, 2023, the digital asset's market value increased by 4.36%, with 3.6% of this growth materializing in the last month.
Over a 67-day period, since September 3, the supply has expanded by 3.61 billion tethers. The current market capitalization, at $86.51 billion, is roughly $3.23 billion above the stablecoin's previous market cap peak, which occurred in April 2022.
In the last 24 hours, amid an upswing in various crypto assets, global trade volume jumped to $139.21 billion. Slightly more than 37% of this volume, equating to $51.57 billion, originated from tether (USDT) trades. The most traded USDT pairs involve USDC, BTC, and ETH, with Binance leading as the top exchange for USDT activity.
The majority of Tether's supply is on the Tron network, which holds 45.82 billion USDT. The Tron-based USDT makes up 52.96% of all tethers in circulation today. While Ethereum hosts 40.02 billion USDT, Tron's iteration of the stablecoin has surpassed its Ethereum count...
|  | Tron Price Prediction: TRX May Have Another Chance For A Bullish Streak
Tron price is gaining pace above $0.0865 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.091.
Tron is moving higher above the $0.0865 resistance level against the US dollar. The price is trading above $0.0870 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.0885 or even $0.091. Tron Price Aims Higher
After facing a rejection near $0.0910, Tron price started a downside correction. TRX declined below the $0.088 and $0.0865 support levels. Finally, it found support near the $0.0850 zone.
A low was formed near $0.0847 and the price is now rising. It broke a couple of hurdles near the $0.0850 level. There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX/USD pair.
The pair is up over 2% and outperforming Bitcoin and Ethereum. It also cleared the 23.6% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low.
TRX price is now trading above $0.0870 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0875 level and the 100 simple moving average (4 hours). The first major resistance is near $0.0880 or the 50% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low, above which the price could accel...
|  | Zero-Transfer Phishing Losses Surge to 451M USDT on Tron Network: Data
Zero-transfer phishing scams have continued to plague the crypto space, with bad actors siphoning millions of digital assets from unsuspecting victims.
Blockchain analytics platform Bitrace revealed that the damage scale for zero-transfer phishing scams has increased significantly, with market participants losing more than 451 million Tether (USDT) on the Tron network.
Investors Lose $451M USDT to Phishing on Tron
Zero-transfer phishing is a new scamming technique that allows attackers to target a victim’s transaction history by confirming zero-value transactions from the user’s wallet. They do not need the user’s private key; the attackers have to send transactions of zero value, and their addresses would appear in the user’s transaction history.
Scammers often use addresses similar to the ones the victim has sent tokens to, beginning and ending with the same set of characters. Crypto users who fall for the scam mistakenly copy and paste the attacker’s address from their transaction history, set them as the transfer recipient, and send their assets to them.
Besides the 451 million USDT lost on the Tron network, there have been several reports of large losses to phishing scams on other blockchains. Last month, an unsuspecting crypto exchange Kraken wallet user suffered a 4.46 million USDT loss as they transferred the assets to a phishing address. The incident took place on the Ethereum blockchain.
More Losses to Phishing Scams
A day before the 4....
|  | Biggest Movers: BCH, TRX Snap Losing Streak to Start the Weekend
Bitcoin cash was one of the big gainers to start the weekend, as the cryptocurrency ended a two-day losing streak. Overall, the momentum in the market was marginally higher, as traders continued to consume the latest U.S. nonfarm payrolls report. TRON also returned to the green on Saturday.Bitcoin Cash (BCH)
Bitcoin cash (BCH) was a notable mover on Saturday, as the cryptocurrency returned to the green after a recent losing streak.
After falling to a low of $227.13 on Friday, BCH/USD rose by as much as 2%, hitting a high of $234.82 to start the weekend.
The rise in price comes as bulls continued to push the token away from a recent support point, which was at the $225.00 mark.
From the chart, it appears that bulls opted to buy the recent dip, after the relative strength index (RSI) collided with a support point at 56.00
At the time of writing, price strength now resides at 58.60, with a ceiling at 60.00 the next point of resistance.
Bulls will need to surpass this point in order to push bitcoin cash over the $240.00 level, which appears to be the next target for traders.
Tron (TRX)
Tron (TRX) ended a three-day winless run to start the weekend, moving away from a one-week low in the process.
TRX/USD jumped to a peak of $0.08818 earlier in the day, which comes less than 24 hours after trading at a low of $0.08558.
Similar to BCH, today's rally came after a brief breakout of a key support level, in this instance at $0.08550.
Price strength also edged higher on Saturday, climb...
|  | OFAC's Sanction Bucket Grows: BTC, TRX, and ETH Addresses Flagged Over F...
The Office of Foreign Asset Control (OFAC) under the Treasury has released an updated version of the specially designated nationals (SDN) list, featuring multiple alleged fentanyl traffickers from China along with their associated cryptocurrency addresses. These highlighted crypto addresses are connected to decentralized networks such as Bitcoin, Ethereum, and Tron.OFAC Targets Chinese Fentanyl Traffickers; Sanctions 17 Crypto Addresses
Continually broadening its database of crypto addresses linked to potential wrongdoers, OFAC identified 17 new addresses on October 3, 2023. Associated with blockchains like Bitcoin, Ethereum, and Tron, as well as digital assets like tether (USDT), these addresses were linked to a network of fentanyl suppliers primarily located in China but also connected to entities in Canada.
Chainalysis published a report on the topic, revealing that the addresses collectively received '$3.8 million worth of cryptocurrency.' Several individuals, including Bahman Djebelibak, Shen Xianbiao, Wang Jiantong, Zhang Wei, Xia Fengbing, and Wang Mingming along with the Canada-based company Valerian Labs, were sanctioned by OFAC.
According to Chainalysis' study, Fengbing managed the crypto addresses for an organization called Jiangsu Bangdeya New Material Technology. The firm's Reactor software found that the sanctioned addresses also had ties to numerous 'mainstream exchanges.' Furthermore, a considerable portion of funds originated from darknet markets. This update...
|  | Tron TVL Balloons To Over $15 Billion: DeFi Growth Evident?
The Tron (TRX) DeFi ecosystem has experienced a notable surge in activity, signaling a substantial period of growth and development. This expansion isn't limited to the realm of decentralized finance alone; recent data underscores a correlated upward trajectory within Tron's TRX token staking ecosystem.
This trend suggests that both DeFi and staking on the Tron blockchain are witnessing increased interest and participation from users and investors, thereby fostering a more robust and dynamic Tron ecosystem.
But, there's more interesting side of the narrative that has provided Tron a major lift. In recent days, Tron has observed a notable uptick in its Total Value Locked (TVL) metric, signifying an increase in the value of assets participating in various activities within the Tron ecosystem.
Tron TVL Swells To Over $15 Billion
At press time, the TVL associated with TRX has surged to an impressive $15.8 billion, reflecting a substantial growth rate of more than 2% within the span of just 24 hours.
Hey #TRONICS! Have you checked out @trondao's #DeFi?
TVL on the #TRONNetwork is $15.3b!
Let's dive in and #BUIDL together!
Source https://t.co/YW3opVO3ZO pic.twitter.com/sr2uL66zB6
— TRON DAO (@trondao) September 28, 2023
This noteworthy upswing in TVL underscores a heightened level of engagement and confidence among users and investors in Tron's blockchain and associated DeFi protocols.
Total Value Locked is a crucial metric in DeFi, representing the total value of assets l...
|  | Tron Price Prediction: TRX Bulls Keeps Pushing, Why Rally Isn't Over Yet
Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092.
Tron is moving higher above the $0.0850 resistance level against the US dollar. The price is trading above $0.0862 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.092 or even $0.095. Tron Price Regains Strength
In the last Tron price analysis, we discussed the chances of more gains in TRX against the US Dollar. TRX remained stable, outperformed Bitcoin, and traded above the $0.082 resistance level.
The bulls were able to pump the price above the $0.0825 and $0.0850 resistance levels. A high was formed near $0.0879 and the price is currently consolidating gains. The current price action suggests that the price could climb further higher above $0.088.
It is now trading well above the 23.6% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high. TRX is also trading above $0.0865 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX/USD pair.
On the upside, an initial resistance is near the $0.088 level. The first major resistance is near $0.0920, above which the price could accelerate higher. The next resistance is near $0.095.
Source: TRXU...
|  | Tron Founder Justin Sun Says HTX Exchange Hacked, Loses 5,000 ETH
According to several posts on the social media platform X written by Tron founder Justin Sun, the crypto exchange HTX (formally Huobi) was hacked for 5,000 ether. Despite the loss, Sun contends that user funds on the exchange are safe and the 'platform is operating completely normally.'HTX Exchange's Security Breach Results in 5,000 ETH Loss, Says Tron's Justin Sun
Justin Sun, the founder of Tron and an advisor of the exchange HTX, took to the social media platform X on Monday to disclose that HTX had been breached. 'HTX has suffered a loss of 5,000 [ethereum] ($8 million USD) due to a hacker attack,' Sun wrote. 'HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are SAFU and the platform is operating completely normally.'
Sun further shared the ethereum addresses associated with the hacker which include '0xdb1' and '0x799.' Approximately $6.3 million is located in the '0xdb1' wallet. '$8 million represents a relatively small sum in comparison to the $3 billion worth of assets held by our users,' Sun explained on X. 'It also amounts to just two weeks' revenue for the HTX platform.'
The Tron founder added:
We detected the hack immediately after the incident yesterday (6pm SGT 9/24/2023) and took swift action to prevent any losses. As a result, all funds are secure, and trading operations have continued as usual. We promptly addressed and resolved all issues, restoring the platform to its normal state with...
|  | Tron Price Prediction: TRX Could Rally To $0.095 and Outperform Bitcoin
Tron price is holding gains above $0.0825 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.095.
Tron is moving higher above the $0.0825 resistance level against the US dollar. The price is trading above $0.0830 and the 100 simple moving average (4 hours). There is a short-term contracting triangle forming with resistance near $0.0844 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.095. Tron Price Eyes Upside Break
In the last Tron price prediction, we discussed how TRX outperformed Bitcoin against the US Dollar. TRX remained stable and was able to settle above the $0.080 pivot level.
There was a decent increase above the $0.0825 and $0.0832 resistance levels. A high was formed near $0.0849 and the price recently corrected lower. There was a minor decline below the $0.0835 level. However, the bulls were active near the $0.0830 support.
The price found support near the 23.6% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0849 high. TRX is now trading above $0.0825 and the 100 simple moving average (4 hours). There is also a short-term contracting triangle forming with resistance near $0.0844 on the 4-hour chart of the TRX/USD pair.
On the upside, an initial resistance is near the $0.0844 level. The first major resistance is near $0.0850, above which the price could accelerate higher. The next resistance is near $0.088.
Source: ...
|  | Biggest Movers: TRX Rises to Strongest Point Since July, SOL Extends Gai...
Tron was a big mover on Thursday, as recent reports suggest that the blockchain platform has been processing an average of 4.8 million daily transactions. The token has now surged higher for three consecutive sessions, and looks set to collide with a key resistance level. Solana was also in the green today.Tron (TRX)
Tron (TRX) rose to a multi-week high on Thursday, on the back of reports claiming that the blockchain sees nearly 5 million daily transactions.
TRX/USD peaked at $0.08322 earlier in the day, which comes following a low of $0.08043 the day before.
As a result of today's gains, tron has now risen to its highest point since July 30, when price traded at a high of $0.08395.
From the chart, it appears that bulls are attempting to reach a ceiling at $0.08600, however a hurdle on the relative strength index (RSI) seems to be preventing this.
Price strength is currently tracking at 67.89, which is marginally below a ceiling at the 68.00 level.
In order for bulls to capture their price target, this aforementioned resistance point will need to be broken.
Solana (SOL)
Solana (SOL) rose for a third consecutive day on Thursday, as price moved closer to the coveted $20.00 mark.
SOL/USD surged by as much as 5% in today's session, hitting an intraday peak of $19.27 in the process.
This move comes a day after the world's ninth largest cryptocurrency traded at a bottom of $17.96.
Earlier gains in price have started to ease in the last few hours, after the RSI closed in on a cei...
|  | Tron Shows Might With 4.8-M Daily Transactions – Will This Boost T...
Tron (TRX), the blockchain platform founded by Justin Sun, has been showing a good performance for the most part of 2023. The project, which was launched just six years ago, recently registered an impressive surge in transaction activity, underscoring the increasing organic demand for the TRX cryptocurrency.
Recent data from a Nansen report reveals that Tron has been processing a remarkable average of over 4.8 million daily transactions, a testament to its rapid expansion within a relatively short period.
Driving Forces Behind Tron's Surge
Tron's growth can be attributed primarily to its steadfast pursuit of utility and, notably, the burgeoning demand for cost-effective and reliable stablecoin transactions. The stablecoin marketcap has exhibited aggressive growth in 2023, reaching a pinnacle of over $45 billion between May and June, with daily transactions peaking at an impressive 13 million transactions around the same period.
According to recent data from @nansen_ai, TRON is processing around 4.8M daily transactions!
We're glad to see so many people using this network and we're looking forward to increasing that number.
Take a look at more data here: https://t.co/weWHfWXz2k pic.twitter.com/z47TpyIRpQ
— TRON DAO (@trondao) September 12, 2023
What's particularly noteworthy is that these daily transaction volumes have been achieved during a relatively subdued phase in the cryptocurrency market, suggesting the potential for even higher transaction co...
|  | Tron vs. Bitcoin Spark: The Future of Cryptocurrency Decentralization
Decentralization in the ledger technology refers to transferring decision-making and control from a centralized entity, be it a firm or individual, towards the distributed networks. Blockchain has computers that all verify transactions, hence improving security.
Multiple users can view the transactions. Blockchain networks such as Bitcoin, Ethereum, and Tron have promoted Decentralization within the DeFi environment. However, Bitcoin lags in Decentralization as half of the mining sphere is controlled by leading firms such as Antpool and Foundry USA.
The new platform, Bitcoin Spark, has a unique mechanism that will lead to the development of the technological sphere. The platform’s proof-of-process enables miners and validators to generate income. This article will discuss the future of Decentralization with Bitcoin Spark.
What is Tron?
Tron is a digital network built on a distributed ledger mainly supporting games and entertainment apps. Tronix, or TRX, is its proprietary cryptocurrency. TRX is the tenth most valuable cryptocurrency by market capitalization.
Bitcoin Spark will Improve Decentralization
Decentralization will improve with a new entrant that will factor in features such as interoperability, scalability, and efficiency. Bitcoin Spark is a cutting-edge platform with mechanisms to make investors flock to the blockchain ecosystem. The project utilizes a consensus mechanism that amalgamates proof-of-stake and proof-of-work (proof-of-process).
Proof-of-process is...
|  | Tron Price Prediction: TRX Again Outperforms Bitcoin and ETH, $0.10 Poss...
Tron price is showing positive signs above $0.080 against the US Dollar. TRX is outperforming Bitcoin and could start another increase toward $0.10.
Tron is moving higher above the $0.0800 pivot level against the US dollar. The price is trading above $0.080 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.085 or even $0.095. Tron Price Surges Further
In the last Tron price analysis, we discussed the chances of more gains in TRX against the US Dollar. TRX formed a base above the $0.0770 level and started another increase.
There was a clear move above the $0.080 resistance zone, outperforming Bitcoin. The price even cleared the $0.082 level. A high is formed near $0.0828 and the price is now correcting gains below the 23.6% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0828 high.
TRX is now trading above $0.080 and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX/USD pair.
Source: TRXUSD on TradingView.com
On the upside, an initial resistance is near the $0.0815 level. The first major resistance is near $0.0828, above which the price could accelerate higher. The next resistance is near $0.085. A close above the $0.085 resistance might send TRX further higher....
|  | Crypto Price Analysis Sep-08: ETH, XRP, ADA, SHIB, and TRX
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Tron.
Ethereum (ETH)
Ethereum's price has been in a low volatility period, booking a modest loss of 1.7% this week. With the price under the key resistance at $1,660, the bulls appear unable to take ETH higher at this time.
The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Looking ahead, Ethereum remains in a downtrend with momentum favoring the sell side. A test of the key support at $1,440 appears likely in the next few weeks if nothing changes especially if Bitcoin breaks below $25k.
Chart by TradingView.
Ripple (XRP)
XRP has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. If sellers return, then this level could be tested again, similar to mid-August.
The resistance is at 56 cents, and so far, buyers have not been able to test this level. This lack of strength on the buy side could continue for some time as the overall price action remains bearish.
Looking ahead, XRP appears to want to hold around 50 cents, which is a key psychological level. The current flat trend seems likely to persist, and so long the price does not lose its support at 47 cents, a recovery could follow once the consolidation ends.
Chart by TradingView.
Cardano (ADA...
|  | Tron Price Prediction: TRX Regains Strength As The Bulls Aim $0.10
Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance.
Tron is moving higher above the $0.0750 pivot level against the US dollar. The price is trading above $0.078 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.10. Tron Price Breaks Higher
In the last Tron price prediction, we discussed the chances of an upside break against the US Dollar. TRX remained well-bid and stable above the $0.0750 level.
It started a decent increase and broke a few key hurdles near $0.0775, outperforming Bitcoin. There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX/USD pair. The pair even cleared the $0.0785 level.
A high is formed near $0.0793 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high.
TRX is trading above $0.078 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0795 level. The first major resistance is near $0.080, above which the price could accelerate higher. The next resistance is near $0.088.
Source: TRXUSD on TradingView.com
A close above the $0.0880 resistance might send TRX further hig...
| | Tron Price Prediction: TRX Eyes Bullish Break While Bitcoin and ETH Stru...
Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance.
Tron is moving higher from the $0.0738 support zone against the US dollar. The price is trading above $0.0750 and the 100 simple moving average (4 hours). There is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher if it breaks $0.0775 and $0.0780. Tron Price Remains Supported
This past week, Tron’s price saw a rejection pattern near the $0.0780 resistance against the US Dollar. TRX made a couple of attempts to clear $0.0775 and $0.0780 but failed.
There was a downside correction below the $0.0765 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. However, the bulls were active near the $0.0750 support.
TRX stayed above the 50% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. The price is now trading above $0.0750 and the 100 simple moving average (4 hours).
It is showing positive signs and outperforming both Bitcoin and Ethereum. On the upside, an initial resistance is near the $0.0775 level. Besides, there is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX/USD pair.
Source: TRXUSD on TradingView.com
The first major resistance ...
|  | Tron Reverses August Slump As TRX Open Interest Climbs
Tron (TRX) has orchestrated an impressive recovery, bouncing back from last week's dip of $0.07000 and regaining losses it incurred this month.
As of the latest data from CoinGecko, the TRX price currently stands at $0.076, despite a minor 1.2% decline over the past 24 hours. This resurgence follows a decent seven-day rally that has seen TRX gain 5.4%.
Delving into the technical analysis on a weekly timeframe, it becomes evident that TRON has been tracing an ascending support line since November 2022. This trajectory has been consistently validated through multiple instances, underscoring its significance.
Resistance Targets On Tron Radar
Market analysts and enthusiasts are now setting their sights on potential price trajectories for TRX. Based on a comprehensive price analysis, bullish sentiment is prevailing as TRX bulls seem poised to take on the next resistance level at $0.080.
Meanwhile, a noteworthy development has emerged within the derivatives market, adding a new dimension to TRX's ongoing journey. This development revolves around the concept of Open Interest rates, a critical metric that measures the cumulative value of outstanding derivative contracts.
Over a recent period, from August 18 to the present moment, Open Interest rates have experienced a remarkable surge, escalating from approximately $45 million to a robust figure exceeding $51 million.
This surge in Open Interest rates carries profound implications, casting a spotligh...
|  | Tron Price Prediction: TRX Outperforms Bitcoin and Could Rally To $0.082
Tron price is rising and trading above $0.0760 against the US Dollar. TRX is outperforming Bitcoin and could rally further toward the $0.0820 resistance.
Tron is moving higher from the $0.0720 support zone against the US dollar. The price is trading above $0.0760 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.080 and $0.0820. Tron Price Starts Fresh Increase
This past week, Tron’s price saw a sharp decline below the $0.0760 support against the US Dollar, similar to Bitcoin and Ethereum. TRX tested the $0.0715 zone where the bulls took a stand.
A low was formed near $0.0713 and the price started a fresh increase. There was a decent increase above the $0.0740 and $0.0750 resistance levels. It even outperformed Bitcoin in the past couple of sessions and broke the $0.0760 resistance.
There was a move above the 76.4% Fib retracement level of the downward move from the $0.0775 swing high to the $0.0713 low. TRX is now trading above $0.0760 and the 100 simple moving average (4 hours).
There is also a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0790 zone. The first major resistance is near $0.080, above which the price could rise toward the $0.0820 resistance or the 1.618 Fib extension level o...
|  | Post-Hack Shenanigans: Curve (CRV) To Launch On TRON Following $2 Millio...
Curve Finance, a decentralized liquidity pool for stableswap and stablecoin trading, has disclosed a strategic partnership that will see the decentralized exchange (DEX) launch on the TRON network.
Curve Set To Launch On Tron And BTTC Networks
Decentralized Exchange, Curve Finance has solidified its position as the second largest DEX, following the announcement of its integration into the TRON network.
Curve Finance's recent alliance with the TRON network has prompted a substantial investment from TRON DAO Ventures, a venture capital firm established by the TRON network. On Thursday, August 17, TRON Founder, Justin Sun purchased $2 million worth of CRV, the native token of the DeFi protocol.
Similarly, Curve Finance has stated that it will be launching on the BitTorrent Chain (BTTC) network, a peer-to-peer network blockchain scaling solution for file and data sharing. The Integration of the protocol into TRON DAO and BTTC networks aims to fuel the development of innovative DeFi projects and the growth of DeFi ecosystems.
Curve Finance is widely known for its role in stable coin trading by providing low slippage exchanges through automated market maker (AMM) algorithms. By aligning with the protocol, TRON and BTTC will benefit from lower financial costs and indirect backing from prominent blockchains Curve DAO supports including Avalanche, Ethereum, and Arbitrum.
Justin Sun welcomed the newly formed alliance with enthusiasm. He commented that Curve Fin...
|  | TRON DAO Ventures Invests $2 Million in CRV and Curve to Launch on TRON ...
[PRESS RELEASE - Geneva, Switzerland, August 17th, 2023]
TRON DAO Ventures, the investment arm of TRON DAO, has recently bought $2 million worth of CRV tokens. As part of this strategic partnership, Curve will launch on both the TRON and the BTTC networks.
Curve is a decentralized exchange acclaimed for its automated market makers (AMMs) tailored for stablecoin trading. Having experienced an exponential surge in the latter half of 2020, it once established itself as the epitome of DeFi platforms. Currently, Curve ranks as the world's second-largest decentralized exchange (DEX) and the largest DEX for stablecoin trading.
The recent hack targeting the platform has led to a chain reaction in the DeFi space. TRON founder Justin Sun promptly expressed his support for Curve after the incident, stating, 'Curve is an essential DeFi infrastructure for the blockchain industry. Our thoughts are with the team and the users affected. As a community, let's support and strengthen the security measures to protect our decentralized ecosystem.'
Amidst the volatile market on August 1, TRON forged a partnership with Curve, introducing a stUSDT pool on the platform. stUSDT, the world's first rebase real-world asset (RWA) protocol on the TRON blockchain, is hailed as the Web3 world's version of Yu'E Bao (once China’s largest money market fund). According to Defillama, the TVL on stUSDT has already exceeded $700 million.
Following that, TRON DAO Ventures announced its investment in Curve, und...
|  | TRON Joins Japan Cryptoasset Business Association (JCBA)
[PRESS RELEASE - Geneva, Switzerland, August 16th, 2023]
TRON DAO (“TRON”) is pleased to announce that it has joined the Japan Cryptoasset Business Association (“JCBA”) as an associate member starting from August 1st, 2023. As a leading global blockchain, TRON is committed to building cooperation and collaboration with other JCBA members to promote the growth of the crypto industry in Japan and all across Asia.
Established in 2016, JCBA is a Japanese-based association for stakeholders within the Web3 ecosystem. It aims to foster a promising environment for the development of digital assets, including cryptocurrencies, NFTs, and stablecoins. Currently, JCBA has 134 members from both Web3 and traditional industries based in Japan and internationally.
By joining as an associate member of JCBA, TRON strives to closely collaborate with the Japanese market and contribute to JCBA's vision by leveraging TRON's efficient network and robust userbase.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of ...
|  | TRON and USDD Resilience Unveiled: Insights from Messari, Reflexivity, a...
[Press Release - Geneva, Switzerland, August 8th, 2023, Chainwire]
In-depth reports on the performance of TRON and USDD in 2023, published by renowned blockchain analytics firms Messari and Reflexivity have recently been published.
Messari's Analysis: TRON's Q2 2023 Performance
Messari's report highlights TRON's substantial growth across various performance metrics.
Growth in Network Activity: The report observes TRON's daily average active accounts, new accounts, and transactions surging by 14%, 13.4%, and 28.9% respectively, paralleling the rollout of BitTorrent Bridge and Stake 2.0 integrations.
Outshining Other L1’s: The report additionally underscores TRON's exceptional performance in Q2, highlighting a 14.7% QoQ market cap increase, in stark contrast to a 23% average decline for other major Layer 1 blockchains.
Expanding the DeFi Sphere: The report applauds TRON's efforts to continue to expand DeFi, with several applications and infrastructure providers integrating TRX liquid staking and the decentralized resource marketplace.
Enhancing Network Functionality: Finally, Messari notes TRON's dedication to improving network functionality through the introduction of Stake 2.0 (TIP-467), GreatVoyage-V4.7.1.1 (Pittacus), and initiation of Great Voyage - V4.7.2 (Periander).
TRON employs a Delegated-Proof-of-Stake (DPoS) mechanism, with block validation being performed by a group of validators known as Super Representatives (SRs). Interestingly, the pool of SR candidates h...
|  | TRON Receives Support from Huawei Web 3.0 Node Engine Service
[Press Release - Geneva, Switzerland, August 8th, 2023]
On July 30, Huawei Web 3.0 Node Engine Service (NES) went live, with its earliest support extended to two blockchains, Ethereum and TRON. A spokesperson at TRON revealed that this support is a landmark moment for its ecosystem. To be enlisted among the first networks supported by Huawei Web 3.0 Node Engine Service (NES) will not only enhance TRON's global clout and technical prowess but also catalyze its global expansion. Meanwhile, the NES will further energize the development of Web3 and inspire innovations in blockchain applications.
According to Huawei, Web 3.0 NES is a node engine platform developed by Huawei Cloud, which connects developers to mainstream blockchains, including TRON and Ethereum. It helps users streamline the management of blockchain networks, resources, and verification, whilst offering Web3 services featuring higher stability, efficiency, and security.
As one of the first blockchains supported by NES, TRON boasts higher transactions per second (TPS) than Ethereum, which is made possible by its unique consensus mechanism, providing a faster experience for developers.
NES spares its users the hassle of node operation and maintenance, allowing for rapid node configuration on TRON. By hosting a node, users can interact with the blockchain seamlessly while being able to develop DApps.
As one of the earliest receivers of NES's support, TRON has already assumed an essential role in the global payme...
|  | Biggest Movers: SHIB Surges to 2-Week High on Friday, Whilst TRX Extends...
Shiba inu was a notable gainer on Friday, climbing to a two-week high during today's session in the process. The move came as the meme coin rose by as much as 6%, despite the global crypto market cap mostly consolidating. Tron rose for a fourth straight session today. Shiba Inu (SHIB)
Shiba inu (SHIB) rallied to a two-week high on Friday, after breaking out of a key resistance level.
SHIB/USD surged to a peak of $0.000008217 earlier in today's session, following Thursday's low at $0.000007754.
Friday's move came as shiba inu broke out of a key resistance level at the $0.000008000 mark, hitting its highest point since June 15 in the process.
Another reason for today's action appears to be the relative strength index (RSI) moving above a ceiling at 55.00.
Currently, price strength is tracking at the 60.09 level, which is marginally below a ceiling at 61.00.
Should bulls manage to race past this point, there is a good chance the next target price will be $0.000008500.
Tron (TRX)
Tron (TRX) extended a recent bull run for a fourth day, with today's move taking the token to its highest point since last Sunday.
Following a low of $0.08221 on Thursday, TRX/USD climbed to an intraday high of $0.08417 earlier in today's session.
Tron bulls appear to be targeting a resistance level at $0.0860, which was last hit during last Saturday's peak of $0.0943.
Since hitting that 20-month high TRX has mostly consolidated, however bullish momentum seems to be gradually returning.
This comes aft...
|  | Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?
Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080.
Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price Holds Key Support
In the past few days, Tron’s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin and Ethereum. TRX traded below the $0.0850 support to enter a short-term bearish zone.
The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours).
There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low.
Source: TRXUSD on TradingView.com
A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the d...
|  | Biggest Movers: TRX Surges to 20-Month High on Saturday
Tron was one of the notable movers on Saturday, as the token broke out of a key resistance level to start the weekend. The move came as the global crypto market cap mostly consolidated during Saturday's session. Stellar was another exception, as the token rebounded from yesterday's loss.Tron (TRX)
Tron (TRX) was a notable gainer to start the weekend, with the price surging to a 20-month high.
After dropping to a low of $0.08035 on Friday, TRX/USD rallied to an intraday peak of $0.09317 earlier in the day.
This was the highest point tron has hit since December 2021, and comes following a breakout of a ceiling at $0.08600.
This coincides with the relative strength index (RSI) moving past its own ceiling at 70.00. It is now tracking at 71.35.
Earlier gains have since faded, with the token now back below the aforementioned resistance level of $0.08600.
This appears to be a result of traders capturing profits.
Stellar (XLM)
In addition to TRX, stellar was also largely in the green on Saturday, as the token rebounded from Friday's losses.
XLM/USD rose to a high of $0.1674 to start the weekend, which comes a day after trading at a low of $0.1561.
This rally resulted in stellar breaking out of a recent resistance level of $0.1620, and edging closer to a 15-month high of $0.1959.
One of the reasons for today's climb was the RSI racing past its own ceiling at the 70.00 mark.
Price strength is now overbought, which could prompt bears to reenter the market in anticipation of a sell-of...
|  | Tron (TRX) Soars 8% Daily While Bitcoin Flatlines at $30K (Market Watch)
The past 24 hours in the cryptocurrency markets saw the total capitalization increase by some $6 billion. In other words, not much happened. Some of the major coins are charting ever-so-slight gains, but in general, the trend remains largely rangebound.
Bitcoin remains indecisive at $30K and unable to escape that range, but let's see how it all fared.
BTC Price Flat at $30K
As you can clearly see in the chart below, the past 24 hours didn't provide anything of substance when it comes to Bitcoin's price in particular.
The cryptocurrency continues to flirt with $30K, but neither side can manage to take control. The bulls have failed to recapture the level decisively, while the sellers are also unable to push the price toward another support zone.
Source: TradingView
To this, the altcoins have also failed to capitalize on BTC's stagnation. This is clearly reflected in Bitcoin's dominance - the metric that tracks its share relative to that of the rest of the market. It's also remained flat at 46.6% in the past 24 hours.
TRON (TRX) Soars 8%, But That's It
The heatmap below paints a green picture for the past day, but most of the gains are rather inconsiderable. For instance, BNB, ADA, ETH, UNI, XMR, LINK, and many other cryptocurrencies failed to increase by even 1%.
The most obvious exception to this is TRON's TRX. The altcoin pumped 8% on the day, and it's one of the best performers from the top 100 coins by means of total market capitalization.
Source: Quantify Crypto
XDC Netwo...
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