TL;DR

The TRON (TRX) network reports that 100% of its addresses are profitable, with 153.24 million addresses generating gains, indicating strong optimism in the network.
The network’s capacity has significantly improved, with a 100% increase in its “energy” over the last quarter.
The TRX token is trading at $0.1662 and has shown a growth of 10% in the last month, currently sitting just 27.9% below its all-time high.

The TRON (TRX) network has reached an impressive milestone, with 100% of its addresses in profit. This positive indicator shows that there has been a significant increase in network activity and strong optimism from its founder, Justin Sun. In total, 153.24 million addresses report gains, undoubtedly creating a very favorable climate for investors and users of the network.

The growth of the network is not limited to profitability metrics. In recent months, TRON has experienced considerable infrastructure development. The network’s “energy,” which measures the capacity to execute smart contract transactions, has doubled over the last quarter. This increase in energy capacity is vital for operational efficiency. Additionally, it helps prevent cost spikes during periods of high demand, making it a more attractive platform for developers and users.

I believe Tron memecoins are about to experience a second wave of growth. With continuous building and community development, Tron has been steadily progressing. Once TRX breaks its previous high, the FOMO for Tron memecoins won’t be far behind. https://t.co/ksa5GsznMv

— H.E. Justin Sun(hiring) (@justinsuntron) October 25, 2024

The performance of the TRX token has also been positive. According to CoinMarketCap data, in the last 24 hours, the value of TRX has grown by 1%, 4.3% in the last week, and more than 10% in the last 30 days. Currently, the token trades at $0.1662 and is only 27.9% away from its all-time high of $0.2317, reached in January 2018.

TRON Could Surpass Its All-Time High

Justin Sun has shared his optimistic vision for the future of TRX, suggesting that the token could surpass its previous high in the near future. He highlighted that the current price rally is different from previous ones, which were often driven by speculative trends related to meme coins and stablecoin adoption. This time, the growth appears more organic and sustainable, indicating a more genuine interest from users in the ecosystem.

Additionally, Sun anticipates a new wave of growth for TRON-associated meme coins, relying on the network’s development and community growth. Currently, the market capitalization of meme coins on the network is approximately $319 million, with UNDOG being the most significant at $205 million, followed by Tron Bull with a market cap of $82 million,

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Filed under: News - @ October 25, 2024 5:22 pm