TRX Surpasses 206M Accounts, Nears 7B Transactions Amid Market Volatility

Share on Facebook Share on Twitter

Tron Detaches from the Market – What’s Next for TRX?

Tron (TRX) has recently detached from the general market activity. The daily chart analysis shows a positive development for TRX, as the cryptocurrency has reached a new milestone reflecting its increasing acceptance and use.

TRX Reaches New Highs

The total number of TRX accounts has surpassed the 206 million mark and the total number of transactions is approaching the 7 billion limit. Tron recorded a 2.7% increase in the last 24 hours, and some indicators looked bullish.

Market Volatility and Tron

Only a few weeks have passed since the start of 2024 and the crypto market has already experienced high volatility in this short time. The recent price correction has turned the charts of most cryptocurrencies red, and Tron was no exception. But then the situation began to change in favor of the token.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Tron Behaves Differently

A few days ago, the much-anticipated Bitcoin ETFs received approval, making headlines. While most expected the crypto market to start a bull rally, the opposite happened and the charts turned red. Tron also fell victim to the price correction, but the trend soon changed.

Price Development and Market Capitalization of TRX

According to CoinMarketCap, TRX rose by over 2.7% in the last 24 hours. At the time of writing, TRX was trading at $0.1089 and had a market capitalization of over $9.6 billion. Thanks to the recent price increase, TRX’s weighted sentiment improved slightly and its social volume remained high.

Development and Adoption of TRX

The good news is that despite the price fluctuations, TRX’s development activity has increased significantly in the past week, indicating increased efforts by developers to improve the network. Meanwhile, Tron reached another milestone reflecting the increase in its adoption.

Network Activity of Tron

Our analysis revealed that Tron’s network activity remained high in 2024. This was evident from the fact that its daily active addresses gained upward momentum. The same trend was also seen on its chart of daily transactions.

Outlook for TRX

As Tron was among the few to turn their daily chart green, we took a closer look at its market indicators to find out what to expect. Our analysis revealed that TRX’s MACD showed a bullish crossover. The Relative Strength Index (RSI) also moved north, increasing the chances of a sustained upward price trend.

Sources: CoinMarketCap, Santiment, Artemis, TradingView

Share on Facebook Share on Twitter

The 3 best crypto casinos

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (21)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Logo des Tamadoge Coins
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 14 days for deposit bonus
7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Michael Schmitz on 12. July 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 1 BTC + 100 Free Spins
Welcome bonus
BETSFTD
Cryptocurrencies (27)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x deposit + bonus
40x free spins winnings
Minimum deposit 0.00034 BTC or equivalent
Maximum bet 0.00003 BTC or equivalent
Bonus validity 30 days to claim
14 days to wager
  • Minimum deposit: 0.048 BCH • 0.0068 ETH • 0.26 LTC • 154 DOGE • 20 USDT • 40 XRP • 180 TRX • 48 ADA • 0.04 BNB • 20 BUSD • 20 USDC.
  • Maximum bet per round: 0.005 BCH • 0.0007 ETH • 0.03 LTC • 15 DOGE • 2 USDT • 4 XRP • 19 TRX • 4.8 ADA • 0.004 BNB • 2 BUSD • 2 USDC.
  • Free spins are credited on “Max Miner” by Gamebeat, 20/25 free spins per a day.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 19. June 2024
Anjuan Gaming
Anjouan
Licence
100% up to 1 BTC
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Michael Schmitz on 14. June 2024
Curaçao License
Curaçao
Licence

Latest News

Isabella Brown

Created by

Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.
Reviewed by
Nerd of Numbers

Last update: 24. June 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare