Journalist
Posted:
- The total number of accounts on Tron now exceeds 200 billion.
- TRX has added more than 3% in the past 48 hours.
The Tron [TRX] network has reached and exceeded an important milestone in recent days. Have you noticed any changes in the network or TRX?
The total Tron account goes past 200 billion
A few days ago, AMBCrypto reported that the Tron Network was about to reach a major milestone in terms of total accounts.
Since the last update, the network now has more than 200 billion accounts. In addition, there is an analysis of the scanner revealed that more than 140,000 new accounts were added in the last 24 hours alone, indicating continued and substantial growth.
Milestone for transfer volume in sight
Another metric that is closely watched on Tron is total transfer volume. Recent data shows that this metric is approaching a milestone on the network.
At the time of writing, the transfer volume was approximately $9.9 trillion. Another $13 billion contributed to this volume in the last 24 hours alone.
These two metrics serve as crucial indicators of the network’s growth in recent weeks.
However, when we examine another key metric, active accounts, it becomes clear that the network has not yet reached the levels observed earlier this year.
Currently there is a consistent level of approximately 1.9 million to 2 million daily active accounts. In contrast, earlier this year these numbers exceeded 2 million and sometimes exceeded 3 million.
Source: Tronscan
TRX rides along with the rest of the market
Examination of the daily timeframe chart showed a notable change in Tron’s price trend after days of relative stability.
In the past 48 hours, TRX has an increase of more than 3%. At the close of trading on December 8, it was up 2.37%, trading at around $0.106.
At the time of writing, it was once again up more than 1%, trading around $0.107.
Source: TradingView
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Despite these positive moves, the chart showed that Tron has not yet experienced a strong bull run. The Relative Strength Index (RSI) was above 60 according to the latest data, indicating an upward trend.
However, when the Moving Average Convergence Divergence (MACD) was analyzed, it showed a weak bull trend. Although the trend has passed zero, indicating a positive shift, the overall strength at this point remained weak.