{"id":636634,"date":"2024-08-20T12:30:27","date_gmt":"2024-08-20T12:30:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=636634"},"modified":"2024-08-20T09:20:09","modified_gmt":"2024-08-20T09:20:09","slug":"tron-steady-momentum-carries-token-14-up-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/tron-steady-momentum-carries-token-14-up-details\/","title":{"rendered":"Tron: Steady Momentum Carries TRX 14% Up – Details"},"content":{"rendered":"

Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market.<\/span> According to <\/span>CoinGecko<\/span><\/a>, the token is up 14% since last week. <\/span>This trend may continue as major cryptocurrencies like Bitcoin and Ethereum pull altcoins upward as well.<\/span><\/p>\n

Related Reading: Cardano (ADA) Nears Key Level As Analyst Eyes Over 100% Upside \u2013 Details<\/a><\/div>\n

With favorable market conditions, TRX has a chance to pull off something great this week. Supporting this probability is Mobilum\u2019s recent tweet that placed the spotlight on Tron\u2019s robust network as it supported transactions worldwide.\u00a0<\/span><\/p>\n

Tron Users Contribute Massively On Mobilum\u00a0<\/span><\/h2>\n

Crypto banking platform Mobilum released some statistics featuring Tron users using the platform for real world transactions. According to the X post, Tron users <\/span>contributed massively<\/span><\/a> to Mobilum\u2019s operations worldwide.\u00a0<\/span><\/p>\n

\n

Global reach, local ease with @trondao<\/a> \ud83c\udf0d<\/p>\n

In August 2024, #TRON<\/a> users made transactions in the Mobilum ecosystem worldwide:
\n\u2022 Asia: 39%
\n\u2022 North America: 25.5%
\n\u2022 Europe: 20.5%
\n\u2022 South America: 5%
\n\u2022 Africa: 5%
\n\u2022 Australia: 5%<\/p>\n

Proud to power seamless crypto payments across\u2026 pic.twitter.com\/IpyiScqmks<\/a><\/p>\n

\u2014 Mobilum (@mobilumofficial) August 19, 2024<\/a><\/p><\/blockquote>\n

The biggest figure came from Asia with over 39% of transactions attributed to Tron users followed by the United States and Europe. This signals a huge turning point for Tron as it continues to find itself in real-world use cases.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Tron Hits New Annual Transactions High\u00a0<\/span><\/h2>\n

Tron\u2019s network has also continued to flex its muscles as Into The Block <\/span>recently posted<\/span><\/a> how it hit almost 8 million transactions per day, with an average of 7 million transactions per day. This high throughput on the platform helped TRX\u2019s growth in the long term.\u00a0<\/span><\/p>\n

\"\"
TRX market cap currently at $12.6 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\n
\n

With over 7 million daily transactions, the #TRON<\/a> network is becoming a vital part of everyday life for millions around the world. \ud83c\udf0e https:\/\/t.co\/Br1DLllzae<\/a><\/p>\n

\u2014 TRON DAO (@trondao) August 19, 2024<\/a><\/p><\/blockquote>\n

\"\"<\/p>\n

The platform\u2019s focus on stablecoins is one of the factors that contribute to its growth. As of writing, there are four stablecoins used on Tron namely USDT, USDJ, TUSD, and USDC.\u00a0<\/span><\/p>\n

Ceiling Hit But Not Broken By TRX<\/span><\/h2>\n

The token\u2019s current trajectory might be upward, but it seems the next couple of days might be tough for investors and traders. At its best, TRX might retract to more sustainable levels with a possible rebound right after.\u00a0<\/span><\/p>\n

As of writing, breaking through the current ceiling of $0.1472 is too big of a hurdle for TRX bulls in the short term. Given some time, however, we might see the token gain enough momentum to have a breakthrough on this level. TRX is overpriced after nearly a couple of days’ worth of bullish momentum pushing gains to investor portfolios.<\/span><\/p>\n

Related Reading: Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?<\/a><\/div>\n

With the relative strength index (RSI) being at its peak, this signals a possible loss in momentum will occur in the coming days, pushing the token back to $0.14. If this happens, $0.14 will give way to the bears, pushing the token to $0.13.\u00a0<\/span><\/p>\n

However, $0.13 is the lowest the token will go. TRX\u2019s low correlation with Bitcoin will gradually pick up as the days go by, helping TRX retake lost ground once the friction of the bullrun wears out. For now, holding the token might be the best decision for investors and traders as they continue to monitor the broader market for swings in price.\u00a0<\/span><\/p>\n

Featured image from Mudrex, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market. According to CoinGecko, the token is up 14% since last week. This trend may continue as major cryptocurrencies like Bitcoin and Ethereum pull altcoins upward as well. Related Reading: Cardano (ADA) Nears Key Level As Analyst Eyes Over 100% Upside \u2013 Details With favorable market conditions, TRX has a chance to pull off something great this week. Supporting this probability is Mobilum\u2019s recent tweet that placed the spotlight on Tron\u2019s robust network as it supported transactions worldwide.\u00a0 Tron Users Contribute Massively On Mobilum\u00a0 Crypto banking platform Mobilum released some statistics featuring Tron users using the platform for real world transactions. According to the X post, Tron users contributed massively to Mobilum\u2019s operations worldwide.\u00a0 Global reach, local ease with @trondao \ud83c\udf0d In August 2024, #TRON users made transactions in the Mobilum ecosystem worldwide: \u2022 Asia: 39% \u2022 North America: 25.5% \u2022 Europe: 20.5% \u2022 South America: 5% \u2022 Africa: 5% \u2022 Australia: 5% Proud to power seamless crypto payments across\u2026 pic.twitter.com\/IpyiScqmks \u2014 Mobilum (@mobilumofficial) August 19, 2024 The biggest figure came from Asia with over 39% of transactions attributed to Tron users followed by the United States and Europe. This signals a huge turning point for Tron as it continues to find itself in real-world use cases.\u00a0 Tron Hits New Annual Transactions High\u00a0 Tron\u2019s network has also continued to flex its muscles as Into The Block recently posted how it hit almost 8 million transactions per day, with an average of 7 million transactions per day. This high throughput on the platform helped TRX\u2019s growth in the long term.\u00a0 With over 7 million daily transactions, the #TRON network is becoming a vital part of everyday life for millions around the world. \ud83c\udf0e https:\/\/t.co\/Br1DLllzae \u2014 TRON DAO (@trondao) August 19, 2024 The platform\u2019s focus on stablecoins is one of the factors that contribute to its growth. As of writing, there are four stablecoins used on Tron namely USDT, USDJ, TUSD, and USDC.\u00a0 Ceiling Hit But Not Broken By TRX The token\u2019s current trajectory might be upward, but it seems the next couple of days might be tough for investors and traders. At its best, TRX might retract to more sustainable levels with a possible rebound right after.\u00a0 As of writing, breaking through the current ceiling of $0.1472 is too big of a hurdle for TRX bulls in the short term. Given some time, however, we might see the token gain enough momentum to have a breakthrough on this level. TRX is overpriced after nearly a couple of days’ worth of bullish momentum pushing gains to investor portfolios. Related Reading: Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%? With the relative strength index (RSI) being at its peak, this signals a possible loss in momentum will occur in the coming days, pushing the token back to $0.14. If this happens, $0.14 will give way to the bears, pushing the token to $0.13.\u00a0 However, $0.13 is the lowest the token will go. TRX\u2019s low correlation with Bitcoin will gradually pick up as the days go by, helping TRX retake lost ground once the friction of the bullrun wears out. For now, holding the token might be the best decision for investors and traders as they continue to monitor the broader market for swings in price.\u00a0 Featured image from Mudrex, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":636647,"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":[142,428,6664,1742,11808,11993],"class_list":["post-636634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-digital-currency","tag-tron","tag-trx"],"acf":[],"yoast_head":"\nTron: Steady Momentum Carries Token 14% Up - Details<\/title>\n<meta name=\"description\" content=\"Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market. 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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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