Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Tron may witness a change in situation as TRX puts on a bold front
Altcoins

Tron may witness a change in situation as TRX puts on a bold front

2023-08-25No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • TRX traded 1.55% lower than its opening price of 24 August, however, indicators displayed a bullish pivot. 
  • TRX’s development activity soared to its highest peak over the last three months. 

While Bitcoin [BTC] and Ethereum [ETH] were still red from all the downfall they’d witnessed, Tron [TRX] seemed to be on a different trajectory. Although the altcoin saw a 1.55% drop in its price over the last 24 hours, its seven-day price action was 5.09% higher.


Is your portfolio green? Check out the Tron Profit Calculator


At the time of writing, TRX was exchanging hands at $0.0764 which was 1.67% lower than the opening price of 24 August. Although the price didn’t exactly seem in a cheerful spot at the time of writing, investors could turn toward the indicators for some solace.

TRX’s daily chart highlighted the Relative Strength Index (RSI) in a neutral position just short of touching the 50 mark and stood at 49.25. A neutral RSI indicated that TRX wasn’t under significant buying or selling pressure and could sway in any direction. Furthermore, although below the zero line, the Awesome Oscillator (AO) flashed green bars at press time.

Additionally, TRX’s Moving Average Convergence Divergence (MACD) seemed in a good position as a bullish crossover was seen albeit below the zero line. A bullish crossover did indicate that TRX’s position could change in the days to come in light of buying pressure outweighing selling pressure.

Source: TradingView

Decoding the why for the outcome

Data from the intelligence platform Santiment indicated that Tron’s development activity hit the highest peak over the last three months. Note that the higher the development activity, the more Tron developers are contributing to the network.

Source: Santiment

However, that wasn’t all. As per a tweet shared by the Tron community on X (formerly known as Twitter), DefiLlama stated that Tron ranked #2 in terms of its Total Value Locked (TVL). This was exciting news for the Tron community and especially for traders looking to invest in the altcoin.

According to @DefiLlama, #TRON ranks as the 2nd leading blockchain in terms of Total Value Locked (TVL) 🚀 pic.twitter.com/MXgBLwIjf1

— TRON Community (@TronixTrx) August 24, 2023


Realistic or not, here’s TRX market cap in BTC’s terms

See also  Ripple Weakens – When Will Bulls See a Reprieve?

Additionally, a tweet posted by Tron DAO highlighted that Tron had over 1.2 million active addresses as of 24 August. This indicated the strength of the network as more and more users were willing to stay active on the network.

With over 1.2M active addresses, the #TRONNetwork showcases the rising trust in decentralized platforms. This demonstrates that #TRONICS users are actively engaged and benefiting. #TRONStrong💎

Data brought to you by @MessariCrypto pic.twitter.com/oS12FIjIPX

— TRON DAO (@trondao) August 24, 2023

Furthermore, it also demonstrated an increased sense of security in the Tron network.



Source link

#TRX Bold Change front puts situation Tron Witness
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

2025-05-20

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

2025-05-20

Trump’s tax assessment is progressing in the congress – good for the adoption of crypto?

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Beeple’s Joke to Roaring Kitty Sparks Speculation During the GameStop Frenzy

2024-06-08

Monad Pad joins forces with Phantom Wallet in a strategic partnership

2024-11-25

Steady climb to new highs

2024-11-22
Editors Picks

Cardano is in a strong uptrend. Can the bulls push this to the May highs?

2023-11-04

Binance x CR7 ForeverSkills: the digital collector’s guide

2024-12-01

VC Funding Boost for Web3 Marketplace Following Rihanna’s Music Rights Success

2023-05-17

Historical data shows what to expect

2023-11-16
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Ethereum -price flashes bullish signal, but can it flow through obstacles?

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,771.490.83%
  • ethereumEthereum(ETH)$2,464.92-1.14%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.33-1.92%
  • binancecoinBNB(BNB)$645.79-0.17%
  • solanaSolana(SOL)$165.520.29%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.219820-1.32%
  • tronTRON(TRX)$0.2740913.56%
  • cardanoCardano(ADA)$0.73-0.90%
  • suiSui(SUI)$3.842.40%
  • chainlinkChainlink(LINK)$15.33-1.69%
  • avalanche-2Avalanche(AVAX)$21.91-1.06%
  • stellarStellar(XLM)$0.282595-0.65%
  • hyperliquidHyperliquid(HYPE)$25.68-1.60%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.40%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.99%
  • hedera-hashgraphHedera(HBAR)$0.1915360.39%
  • bitcoin-cashBitcoin Cash(BCH)$386.80-0.55%
  • the-open-networkToncoin(TON)$3.041.43%
  • polkadotPolkadot(DOT)$4.56-0.12%
  • litecoinLitecoin(LTC)$93.58-4.97%
  • moneroMonero(XMR)$347.131.44%
  • bitget-tokenBitget Token(BGB)$5.15-0.11%
  • pepePepe(PEPE)$0.000013-1.97%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.731.31%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$256.098.34%
  • bittensorBittensor(TAO)$409.071.26%
  • uniswapUniswap(UNI)$5.74-3.26%
  • nearNEAR Protocol(NEAR)$2.70-1.38%
  • aptosAptos(APT)$5.02-2.65%
  • okbOKB(OKB)$51.95-0.07%
  • ondo-financeOndo(ONDO)$0.930.90%
  • kaspaKaspa(KAS)$0.1072040.97%
  • ethereum-classicEthereum Classic(ETC)$18.02-1.79%
  • internet-computerInternet Computer(ICP)$5.10-1.87%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.293.61%
  • gatechain-tokenGateToken(GT)$21.29-0.52%
  • crypto-com-chainCronos(CRO)$0.095053-0.33%
  • mantleMantle(MNT)$0.742.52%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228146-1.42%
  • vechainVeChain(VET)$0.027546-0.82%
  • render-tokenRender(RENDER)$4.540.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.362041-0.28%
  • algorandAlgorand(ALGO)$0.217775-1.08%
  • arbitrumArbitrum(ARB)$0.383066-1.03%
  • filecoinFilecoin(FIL)$2.78-2.90%
  • bitcoinBitcoin(BTC)$105,771.490.83%
  • ethereumEthereum(ETH)$2,464.92-1.14%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.33-1.92%
  • binancecoinBNB(BNB)$645.79-0.17%
  • solanaSolana(SOL)$165.520.29%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.219820-1.32%
  • tronTRON(TRX)$0.2740913.56%
  • cardanoCardano(ADA)$0.73-0.90%
  • suiSui(SUI)$3.842.40%
  • chainlinkChainlink(LINK)$15.33-1.69%
  • avalanche-2Avalanche(AVAX)$21.91-1.06%
  • stellarStellar(XLM)$0.282595-0.65%
  • hyperliquidHyperliquid(HYPE)$25.68-1.60%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.40%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.99%
  • hedera-hashgraphHedera(HBAR)$0.1915360.39%
  • bitcoin-cashBitcoin Cash(BCH)$386.80-0.55%
  • the-open-networkToncoin(TON)$3.041.43%
  • polkadotPolkadot(DOT)$4.56-0.12%
  • litecoinLitecoin(LTC)$93.58-4.97%
  • moneroMonero(XMR)$347.131.44%
  • bitget-tokenBitget Token(BGB)$5.15-0.11%
  • pepePepe(PEPE)$0.000013-1.97%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.731.31%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$256.098.34%
  • bittensorBittensor(TAO)$409.071.26%
  • uniswapUniswap(UNI)$5.74-3.26%
  • nearNEAR Protocol(NEAR)$2.70-1.38%
  • aptosAptos(APT)$5.02-2.65%
  • okbOKB(OKB)$51.95-0.07%
  • ondo-financeOndo(ONDO)$0.930.90%
  • kaspaKaspa(KAS)$0.1072040.97%
  • ethereum-classicEthereum Classic(ETC)$18.02-1.79%
  • internet-computerInternet Computer(ICP)$5.10-1.87%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.293.61%
  • gatechain-tokenGateToken(GT)$21.29-0.52%
  • crypto-com-chainCronos(CRO)$0.095053-0.33%
  • mantleMantle(MNT)$0.742.52%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228146-1.42%
  • vechainVeChain(VET)$0.027546-0.82%
  • render-tokenRender(RENDER)$4.540.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.362041-0.28%
  • algorandAlgorand(ALGO)$0.217775-1.08%
  • arbitrumArbitrum(ARB)$0.383066-1.03%
  • filecoinFilecoin(FIL)$2.78-2.90%