Posted:
- Total accounts on Tron are now over 200 billion.
- TRX has added over 3% in the last 48 hours.
The Tron [TRX] network has reached and exceeded a significant milestone after counting down in the past few days. Have you noticed any changes in the network or TRX?
Total Tron account goes past 200 billion
A few days ago, AMBCrypto reported that the Tron network was on the verge of achieving a significant milestone in terms of total accounts.
As of the latest update, the network now boasts over 200 billion accounts. Additionally, an analysis of the scanner revealed that in the past 24 hours alone, more than 140,000 new accounts were added, indicating ongoing and substantial growth.
Transfer volume milestone in view
Another metric closely monitored on Tron is the total transfer volume. Recent data showed that this metric was approaching a milestone on the network.
As of this writing, the transfer volume was around $9.9 trillion. In the last 24 hours alone, an additional $13 billion has contributed to this volume.
These two metrics serve as crucial indicators of the network’s growth over the past few weeks.
However, when examining another key metric, active accounts, it becomes evident that the network has yet to reach the levels observed earlier in the year.
Currently, there is a consistent level of around 1.9 million to 2 million daily active accounts. In contrast, these numbers surpassed 2 million earlier in the year and occasionally exceeded 3 million.
Source: Tronscan
TRX lifts with the rest of the market
Examining the daily timeframe chart showed a notable change in Tron’s price trend after days of relative stability.
Over the last 48 hours, TRX has experienced an increase of over 3%. By the close of trade on 8th December, it had increased by 2.37%, reaching a trade value of around $0.106.
At press time, it has seen another uptick of over 1%, trading at around $0.107.
Source: TradingView
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Despite these positive movements, the chart showed that Tron has not yet entered a strong bull run. The Relative Strength Index (RSI) was over 60 as of the latest data, signaling a bull trend.
However, when the Moving Average Convergence Divergence (MACD) was analyzed, it showed a weak bull trend. Although the trend has crossed over zero, indicating a positive shift, its overall strength remained weak at this point.