Tron’sTRX token shows promising growth amid rising account activity and ongoing deflationarymeasures.Can it reach the$0.20mark?
Points
- Tron’son-chaindatasizeandaccountactivityarerapidlyincreasing.
- TRXhasanetnegativeproductionratio,showcasingacommitmenttodeflation.
- Recenttokenburningshavereducedsupply,potentiallystabilizingvalue.
- TRXpriceforecastindicatesstrongmomentumwithpotentialtoreach$0.20.
On July2nd,2024,Tron announced the burning of11.531million TRXtokens.Token burnings are crucial for lowering supply to stabilize the value of existingTRX.
#TRON just burned 11,531,634 #TRX on July 2nd
showcasing a commitment to deflation & value growth
With a net negative production ratio of -6,465,123
pic.twitter.com/JH33HsNi7h
https://twitter.com/TronixTrx/status/1808350956545008112
At the time ofwriting,TRX was trading at$0.1297with an intraday rise of0.35%.It had a trading volume of$261.93million,while its market capitalization stood at$11.34billion.
IncreasingAccountActivity
The Tron ecosystem has progressedrapidly,with total accounts surpassing241million.In the past24hours,there was an increase of219,561accounts.Daily active accounts have reached2.675million,indicating robust userengagement.
On-ChainDataSizeandDeflation
On-chaindata size has been increasing simultaneously with node storagevolume,reaching2.177trillionbytes.The average block size has also grown to59.1KB.TRX supply has been in deflation for661daysstraight,with an annualized net negative production rate of-2.95%.
PriceForecast
Tron is showing strongmomentum,with resistance levels at$0.1400and$0.1500.If it continues torally,it could reach$0.20.Support levels are at$0.1150and$0.1050.
解説
- Tron’sdeflationarymeasuresandincreasingaccountactivityindicateastrongpotentialforTRXvaluegrowth.
- TheconsistentburningofTRXtokensreducessupply,whichcanstabilizeandincreasethetoken’sprice.
- Robuston-chaindataandgrowingaccountnumbershighlighttheecosystem’sexpansionanduserengagement.
- Thepriceforecastsuggestspotentialforsignificantgains,withkeyresistanceandsupportlevelsidentified.