{"id":506771,"date":"2022-10-18T06:48:18","date_gmt":"2022-10-18T06:48:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=506771"},"modified":"2022-10-18T06:48:18","modified_gmt":"2022-10-18T06:48:18","slug":"tron-makes-record-for-period-spent-in-deflationary-state","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/tron-makes-record-for-period-spent-in-deflationary-state\/","title":{"rendered":"TRON Makes Record For Period Spent In Deflationary State – Good For TRX?"},"content":{"rendered":"

TRON (TRX), a lesser known cryptocurrency when compared to Bitcoin, Ethereum, Cardano and Dogecoin, made a loud noise in April 2021 when Tron Foundation announced the asset successfully leaped into the deflation era.<\/span><\/p>\n

In doing so, TRON<\/a> managed to be the first ever deflationary virtual currency in the world, reducing its total supply then by over 5.7 million, from 101.678 billion to 101.673 billion.<\/span><\/p>\n

The crypto\u2019s parent company shared that the asset\u2019s move from inflation to deflation was carried out after its community reached the consensus to turn TRX into a deflationary altcoin.<\/span><\/p>\n

Since then, from October 28, 2021 to October 12, 2022, the cryptocurrency has maintained its state of deflation for 50 weeks and was closed to reaching one full year.<\/span><\/p>\n

\"\"<\/p>\n

Source:TRONSCAN<\/a><\/pre>\n
The milestone was disclosed in a tweet by TRONSCAN, the official TRON blockchain explorer, on October 17th.<\/p>\n
But as that era ends for TRON, analysts and experts are keen on seeing how it will help the crypto especially during this bearish time for the space.<\/span><\/p>\n
Related Reading: Ethereum In Tight Range \u2013 Will Selling Pressure Push ETH Below $1,250?<\/a><\/div>\n
TRON Makes History – But What’s ‘Deflationary’ Crypto?<\/b><\/h2>\n
Deflationary cryptocurrencies are those that decrease in terms of supply over time, providing a window for the value of every coin to increase even in cases where there is consistent demand.<\/span><\/p>\n
\n
\u2692\ufe0f $TRX<\/a> has been in a state of #deflation<\/a> with the total amount of deflation reaching 9.6 billion #TRX<\/a>, for 50 weeks (2021.10.28-2022.10.12)!! pic.twitter.com\/zc2xiGNc2W<\/a><\/p>\n
\u2014 TRONSCAN (@TRONSCAN_ORG) October 17, 2022<\/a><\/p><\/blockquote>\n
TRON completed its transition from inflationary to deflationary asset when its network\u2019s community agreed to the introduction of a burning mechanism that was meant to reduce its supply as time went by.<\/span><\/p>\n
On August 14, 2021, the total of TRX tokens minted reached 5,273,312 but that figure failed in comparison to the total number of burned coins which peaked at 1,106,056,407 on May 22, 2022.<\/span><\/p>\n
Fast forward to the present, tracking from <\/span>Coingecko<\/span><\/a> shows the current total supply of TRX is 101.9 billion, 92.3 billion of which are in circulation.<\/span><\/p>\n
The asset is currently experiencing a high supply inflation rate of 38.51%.<\/span><\/p>\n
A Glance At Current TRX Price And Forecast<\/b><\/h2>\n
At press time, according to data from <\/span>Coincodex<\/span><\/a>, TRON is trading at $0.0625, painting its monitoring charts in green. It is up by 1.41% over the last seven days and by 1.15% over the past month.<\/span><\/p>\n
The next few days will be full of struggle for the asset, as it is predicted to undergo a slight price correction and fall all the way to $0.0620.<\/span><\/p>\n
However, TRX is seen to bounce back from this as its 30-day price forecast shows it will climb up to $0.0695.<\/span><\/p>\n
Sentiment towards the first deflationary cryptocurrency is neutral, as 15 of its technical analysis indicators are sending bullish signals. On the other hand, 14 of its indicators point towards bearish momentum.<\/span><\/p>\n
It remains to be seen how TRON will be affected by the end of its deflationary status considering a crypto\u2019s supply plays a vital role in its price movement.<\/span><\/p>\n
Related Reading:  NEAR Platform Active Users Soar \u2013 \u2018Sweat Economy\u2019 Boosting Token\u2019s Price?<\/a><\/div>\n
<\/p>\n
TRX market cap at $5.8 billion on the daily chart | Featured image from Zipmex, Chart: TradingView.com<\/a>\r\n\r\nDisclaimer: The analysis represents the author's personal views and should not be construed as investment advice.<\/pre>\n","protected":false},"excerpt":{"rendered":"
TRON (TRX), a lesser known cryptocurrency when compared to Bitcoin, Ethereum, Cardano and Dogecoin, made a loud noise in April 2021 when Tron Foundation announced the asset successfully leaped into the deflation era. In doing so, TRON managed to be the first ever deflationary virtual currency in the world, reducing its total supply then by over 5.7 million, from 101.678 billion to 101.673 billion. The crypto\u2019s parent company shared that the asset\u2019s move from inflation to deflation was carried out after its community reached the consensus to turn TRX into a deflationary altcoin. Since then, from October 28, 2021 to October 12, 2022, the cryptocurrency has maintained its state of deflation for 50 weeks and was closed to reaching one full year. Source:TRONSCAN The milestone was disclosed in a tweet by TRONSCAN, the official TRON blockchain explorer, on October 17th. But as that era ends for TRON, analysts and experts are keen on seeing how it will help the crypto especially during this bearish time for the space. Related Reading: Ethereum In Tight Range \u2013 Will Selling Pressure Push ETH Below $1,250? TRON Makes History – But What’s ‘Deflationary’ Crypto? Deflationary cryptocurrencies are those that decrease in terms of supply over time, providing a window for the value of every coin to increase even in cases where there is consistent demand. \u2692\ufe0f $TRX has been in a state of #deflation with the total amount of deflation reaching 9.6 billion #TRX, for 50 weeks (2021.10.28-2022.10.12)!! pic.twitter.com\/zc2xiGNc2W \u2014 TRONSCAN (@TRONSCAN_ORG) October 17, 2022 TRON completed its transition from inflationary to deflationary asset when its network\u2019s community agreed to the introduction of a burning mechanism that was meant to reduce its supply as time went by. On August 14, 2021, the total of TRX tokens minted reached 5,273,312 but that figure failed in comparison to the total number of burned coins which peaked at 1,106,056,407 on May 22, 2022. Fast forward to the present, tracking from Coingecko shows the current total supply of TRX is 101.9 billion, 92.3 billion of which are in circulation. The asset is currently experiencing a high supply inflation rate of 38.51%. A Glance At Current TRX Price And Forecast At press time, according to data from Coincodex, TRON is trading at $0.0625, painting its monitoring charts in green. It is up by 1.41% over the last seven days and by 1.15% over the past month. The next few days will be full of struggle for the asset, as it is predicted to undergo a slight price correction and fall all the way to $0.0620. However, TRX is seen to bounce back from this as its 30-day price forecast shows it will climb up to $0.0695. Sentiment towards the first deflationary cryptocurrency is neutral, as 15 of its technical analysis indicators are sending bullish signals. On the other hand, 14 of its indicators point towards bearish momentum. It remains to be seen how TRON will be affected by the end of its deflationary status considering a crypto\u2019s supply plays a vital role in its price movement. Related Reading: NEAR Platform Active Users Soar \u2013 \u2018Sweat Economy\u2019 Boosting Token\u2019s Price? TRX market cap at $5.8 billion on the daily chart | Featured image from Zipmex, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.<\/p>\n","protected":false},"author":557,"featured_media":506774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83383],"tags":[428,1119,1144,6664,1704,8323,1946,8686,11808,11993],"class_list":["post-506771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-tron-trx","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-deflation","tag-eth","tag-ethereum","tag-ethusd","tag-tron","tag-trx"],"acf":[],"yoast_head":"\nTRON (TRX) Makes Record For Period Spent In Deflationary State<\/title>\n<meta name=\"description\" content=\"As the time of writing, according 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TRON Makes Record For Period Spent In Deflationary State – Good For TRX?","url":"http:\/\/ktsl888.com\/news\/tron-makes-record-for-period-spent-in-deflationary-state\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/tron-makes-record-for-period-spent-in-deflationary-state\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/TRON.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/TRON.png?fit=1032%2C614"},"articleSection":"Tron","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","deflation","eth","ethereum","ethusd","tron","trx"],"dateCreated":"2022-10-18T06:48:18Z","datePublished":"2022-10-18T06:48:18Z","dateModified":"2022-10-18T06:48:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TRON Makes Record For Period Spent In Deflationary State – Good For TRX?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/tron-makes-record-for-period-spent-in-deflationary-state\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/tron-makes-record-for-period-spent-in-deflationary-state\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/TRON.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/TRON.png?fit=1032%2C614\"},\"articleSection\":\"Tron\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"deflation\",\"eth\",\"ethereum\",\"ethusd\",\"tron\",\"trx\"],\"dateCreated\":\"2022-10-18T06:48:18Z\",\"datePublished\":\"2022-10-18T06:48:18Z\",\"dateModified\":\"2022-10-18T06:48:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/TRON.png?fit=1032%2C614","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/506771"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=506771"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/506771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/506774"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=506771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=506771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=506771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}