{"id":507723,"date":"2022-10-25T10:45:28","date_gmt":"2022-10-25T10:45:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=507723"},"modified":"2022-10-25T09:10:59","modified_gmt":"2022-10-25T09:10:59","slug":"tron-hits-record-117-million-users","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/tron-hits-record-117-million-users\/","title":{"rendered":"Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 16<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> largest cryptocurrency in terms of market capitalization successfully replicated Bitcoin&#8217;s feat when it became a <\/span><a href=\"https:\/\/cryptotvplus.com\/2022\/10\/commonwealth-of-dominica-adopts-tron-as-legal-tender\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">legally<\/span><\/a><span style=\"font-weight: 400\"> accepted tender within the territories of El Salvador.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/litecoin-registers-over-1-million-in-whale-transactions\/\" target=\"_blank\" rel=\"noopener \">Litecoin Registers Over $1 Million In Whale Transactions For 2022 \u2013 Good News For LTC?<\/a><\/div>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">TRX price slightly corrects after surging following announcement of becoming legal tender in the Commonwealth of Dominica<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Coin currently trades at $0.0616<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Tron Protocol\u2019s TVL drops to $1.25 billion<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Shortly after such momentous development, Tron witnessed a mini price rally as it traded at $0.0646 on October 15.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The asset, however, is once again experiencing price correction as it failed to capitalize on its gains, going back to its downward trend that\u2019s been going on for the past few weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At press time, according to data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/tron\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, TRX is trading at $0.0616. While the asset is on a decline, it managed to keep its losses at minimal levels.<\/span><\/p>\n<h2><b>Tron Network Reaches Milestone<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Data shared by TRONSCAN showed TRX\u2019s <\/span><a href=\"https:\/\/ambcrypto.com\/why-you-should-read-this-before-going-all-in-on-tron-trx\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">network<\/span><\/a><span style=\"font-weight: 400\"> users reached 117 million. The figure is the highest yet for the project but was of no help to push trading prices to higher levels.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Stakers continue to show their support and stand behind Tron. Over the last 30 days, there was an increase of 1.17% on the number of present stakers for the protocol which stood at 305,458.<\/span><\/p>\n<p><span style=\"font-weight: 400\">That\u2019s where the good news ends for the digital asset, as it also tackles with negative developments that will make it harder to make price rally anytime soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Active users for dApps running on the crypto\u2019s network declined over the last seven days. This impacted the total value locked (TVL) of the protocol which has declined and now stands at $1.25 billion.<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-507724 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-41.png?resize=772%2C193\" alt=\"\" width=\"772\" height=\"193\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-41.png?w=772 772w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-41.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-41.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/c1-41.png?w=750 750w\" sizes=\"(max-width: 772px) 100vw, 772px\"><span style=\"font-weight: 400\">Source: DeFiLlama<\/span><\/pre>\n<p><span style=\"font-weight: 400\">Moreover, social mentions for Tron fell sharply for the past week, going down by 18.5%. This highlighted the fact that sentiment towards the protocol and its native cryptocurrency remain negative.<\/span><\/p>\n<h2><b>Price Forecast For Remainder Of 2022<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Next month will be a bit better for Tron as it is <\/span><a href=\"https:\/\/changelly.com\/blog\/tron-trx-price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">forecasted<\/span><\/a><span style=\"font-weight: 400\"> to have an average trading price of $0.0679. There is a chance the asset will settle for a month-low of $0.0659 but it is still higher than its current spot price.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Not much change can be expected from the crypto in December this year except for the possibility that it may trade at $0.0729.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, TRX is expected to perform slightly better in 2023 as its average price by then is seen to be at $0.10998. The highest the crypto asset can climb next year is $0.11998, based on estimates.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/shiba-inu-burn-rate-spikes-by-1860-why-investors-should-keep-an-eye-on-this\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Burn Rate Spikes By 1,860% \u2013 Why Investors Should Take Note Of This<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/xZpPDwOI\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">TRX total market cap at $5.6 billion on the daily chart | Featured image from Inside the Magic, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">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":"<p>Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica. The 16th largest cryptocurrency in terms of market capitalization successfully replicated Bitcoin&#8217;s feat when it became a legally accepted tender within the territories of El Salvador. Related Reading: Litecoin Registers Over $1 Million In Whale Transactions For 2022 \u2013 Good News For LTC? TRX price slightly corrects after surging following announcement of becoming legal tender in the Commonwealth of Dominica Coin currently trades at $0.0616 Tron Protocol\u2019s TVL drops to $1.25 billion Shortly after such momentous development, Tron witnessed a mini price rally as it traded at $0.0646 on October 15.\u00a0 The asset, however, is once again experiencing price correction as it failed to capitalize on its gains, going back to its downward trend that\u2019s been going on for the past few weeks. At press time, according to data from Coingecko, TRX is trading at $0.0616. While the asset is on a decline, it managed to keep its losses at minimal levels. Tron Network Reaches Milestone Data shared by TRONSCAN showed TRX\u2019s network users reached 117 million. The figure is the highest yet for the project but was of no help to push trading prices to higher levels. Stakers continue to show their support and stand behind Tron. Over the last 30 days, there was an increase of 1.17% on the number of present stakers for the protocol which stood at 305,458. That\u2019s where the good news ends for the digital asset, as it also tackles with negative developments that will make it harder to make price rally anytime soon. Active users for dApps running on the crypto\u2019s network declined over the last seven days. This impacted the total value locked (TVL) of the protocol which has declined and now stands at $1.25 billion. Source: DeFiLlama Moreover, social mentions for Tron fell sharply for the past week, going down by 18.5%. This highlighted the fact that sentiment towards the protocol and its native cryptocurrency remain negative. Price Forecast For Remainder Of 2022 Next month will be a bit better for Tron as it is forecasted to have an average trading price of $0.0679. There is a chance the asset will settle for a month-low of $0.0659 but it is still higher than its current spot price. Not much change can be expected from the crypto in December this year except for the possibility that it may trade at $0.0729. Meanwhile, TRX is expected to perform slightly better in 2023 as its average price by then is seen to be at $0.10998. The highest the crypto asset can climb next year is $0.11998, based on estimates. Related Reading: Shiba Inu Burn Rate Spikes By 1,860% \u2013 Why Investors Should Take Note Of This TRX total market cap at $5.6 billion on the daily chart | Featured image from Inside the Magic, Chart: TradingView.com Disclaimer: The analysis represents the author&#8217;s personal views and should not be construed as investment advice.<\/p>\n","protected":false},"author":557,"featured_media":507725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,1119,1144,6664,8323,1946,8686,11808,11993],"class_list":["post-507723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-eth","tag-ethereum","tag-ethusd","tag-tron","tag-trx"],"acf":[],"yoast_head":"\n<title>Tron Reaches Record 117 Million Users, But 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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. 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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. 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