Despite a sluggish week, TRON investors may find some respite, as…

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The total transactions on TRON exceeded 4.6 billion Though negative sentiments increased and the funding rate declined last week, market indicators suggested a price pump soon The crypto market was in a bullish phase last week as several cryptos flourished, registering massive gains. However, TRON [TRX] was the exception. As per CoinMarketCap, TRX increased its […]

’s development activity followed a sideways path, which was a red flag. Negative sentiments regarding TRX also spiked twice during the same period, which indicated less faith from the community.

The token also couldn’t garner interest from the futures market, as its Binance funding rate registered a sharp decline.showed signs of recovery. At the time of writing, TRX’s price had increased by 5% in the last 24 hours. Moreover, the network witnessed multiple developments in the last few days, which may have the potential to fuel a bull rally.

TRON recently published its weekly report on Twitter, which mentioned its most notable updates. Notably, Binance completed its integration of Binance-pegged stablecoin on TRON. Furthermore, DeFiLlama revealed that TRON has become the world’s second-largest blockchain in terms of total value locked.

 

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TRON tests $0.05 as support and sees a positive reaction- what next?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The sharp drop to $0.05 was quickly reversed The lukewarm Open Interest posed some questions to TRX buyers The altcoin market posted gains over the weekend. The market cap of altcoins (crypto assets excluding Bitcoin […]
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