The artwork consists of a regular store-bought banana stuck to a wall with duct tape. It sold in New York for four times the estimated sales price.
A crypto whale narrowly avoided a $129 million USDT loss after falling victim to a phishing scam on the TRON blockchain. Blockchain security firm Scam Sniffer reported the incident on Nov. 20, detailing how the stolen funds were unexpectedly returned within hours. What happened? According to the firm, the scammer used a fake wallet address, […]
The post Crypto phishing scam nets $129 million in USDT then funds mysteriously return appeared first on CryptoSlate.
According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.
Justin Sun, the founder of Tron, is taking advantage of the recent Ethereum rally. After Ethereum surged 29% on the heels of a major Bitcoin-led market advance, Sun cashed out a part of his Ether investment. Related Reading: $300,000 Bitcoin Is Coming – VanEck CEO Makes Bold Prediction In addition to Justin and other individual […]
The price of TRON (TRX) has been on an impressive run of late and established a double-top technical formation. Technical analysts typically utilize this pattern to forecast a trend reversal when an asset reaches its peak. Tron is currently trading close to its all-time high level, which has attracted traders’ attention to the double-top. Related Reading: GRASS Token Fails To Break $2 Level – Is It Time To Buy? TRX is selling at $0.1654, and currently with a price projection of 67% in the next three months, CoinCheckup data reflect. However, the estimate permits some safety line, traders are starting to get more worried due to the changes in the market. Increase In Sales Volume Raises Concerns In a recent post, analyst Alan Santana saw a significant increase in selling volume, which raised concerns about market pressure. High selling volume typically indicates that upward momentum is beginning to wane, particularly when paired with pessimistic sentiment. #Altcoins | #TRX ✴️ Tron: New High & Double-Top (Full Trade-Numbers SHORT Incl.) TRXUSDT (Tron) just produced a new high and double-top. This is one of the pairs that offers the best risk reward ratio because it trades so close near the All-Time High, near resistance. Current… pic.twitter.com/aztSSGElGf — Alan Santana (@lamatrades1111) November 3, 2024 This pattern may be concerning for TRX traders as it suggests that a decline may be imminent. Experts believe such a reduction could occur even in the coming weeks or months, despite the pattern being harder to predict. In addition to these worries, there isn’t enough good buying volume. Peak purchasing activity typically comes before price growth in a healthy market. Regretfully, TRX hasn’t been like this recently. It is evident from the present trading activity that buyers are not entering the market with sufficient zeal, which could be short-term bad news for TRON investors. TRON Holding Period Down TRX investors have been holding TRON coins for a shorter period of time as the holding period fell by a whopping 70% as of lately. The downtime can be seen as a thanks to the lack of faith investors have in the coin’s value in the future. The number of people who have a habit of keeping their TRON coins for a longer duration has also fallen. This has happened due to the fact that more investors have started selling their coins. The CMF indicator, which is the measure of the pulled push activity, also makes this view stronger. Will TRX Make It Big In 6 Months? TRX is currently down 2.02% over the past day. This could be due to traders being cautious. In light of this double top and the rise in selling volume, traders should exercise caution in order to anticipate and seize the trend reversal and subsequent decline. Related Reading: Bitcoin Breaks $73,000, Yet Google Searches Stay Stagnant—Is Hype Fading? Even though these are short-term concerns, TRON still has the chance to overcome them with great optimism in the long run. Experts believe that TRON will grow by 141% in six months, showing strength, and it may go up to a surprising number at one year with 180% growth. Traders should continue to watch for external shocks from market volatility and economic factors that could affect their investment as TRX approaches these respective milestones. Featured image from Coins.ph, chart from TradingView
On October 29, $1 billion USDT was minted on the TRON network, marking the 14th issuance this year. This action has increased the total supply of USDT on TRON from about $48.8 billion to around $62.8 billion. According to CryptoQuant analyst Maartunn, this massive minting reflects a growing demand for stablecoins and highlights increasing activity …
Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest monthly revenue on record. Data from CryptoSlate shows that TRX reached $0.17 within the past 24 hours, reflecting a 55% increase year-to-date. This significant price gain reinforces TRX’s place among the top 10 […]
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The TRON network has been making big moves in the altcoin market, reclaiming its status as the leading blockchain for transaction volume among major altcoin chains. The TRON network has reported $205 million in revenue for October, marking it as the second-highest monthly revenue in its history. This has boosted Justin Sun’s bet regarding the …
CoinDesk had 20 minutes in person with the Tron founder on the sidelines of Chainlink's Smartcon at Hong Kong Fintech Week. We covered a lot.
The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains. According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30. This recent spike has pushed TRON to the top position for transaction processing in October, surpassing other major altcoin networks and highlighting its relevance in the current crypto market. Related Reading: Expert Picks 5 Altcoins To Watch, Declaring Arrival Of The Altseason After Three Years Deciphering TRON’s Transaction Dominance Data shared by maartuun reveals that in October alone, TRON processed approximately 230 million transactions, marking a significant activity surge. On October 24, the network peaked, handling 10.46 million transactions, around 25% higher than its 30-day average. This activity level reflects TRON’s increased usage, aligning with its performance in 2024, when it frequently led in transaction volume. However, between late August and early October, TRON’s transaction dominance slightly waned, with other networks experiencing temporary spikes in activity. TRON’s return to the forefront suggests the asset is reclaiming its crown and maintaining its status as a “highly utilized” blockchain network for altcoin transactions. The CryptoQuant analyst’s observations suggest that TRON’s current dominance in transaction volume is likely to persist. This trend is supported by historical data, showing that TRON has maintained strong transaction levels over extended periods. It is worth noting that the network’s current transaction share indicates a broader shift within the blockchain industry toward networks that offer scalability and low fees, essential factors for sustaining high transaction rates. TRON’s ability to handle many transactions daily sets it apart from many other altcoin platforms, adding to its appeal and supporting its adoption within various blockchain-based applications and projects. TRON Market Performance While TRON’s on-chain fundamentals appear to be doing well, the network’s native token (TRX) market price performance can also be said to have seen positive movements in recent weeks. Particularly following the ubiquitous price increase in the crypto market led by Bitcoin, TRX has followed the overall bullish trend, increasing by 5.6% in the past fortnight and 3.1% in the past week. Related Reading: Crypto Expert Discloses ‘Hidden Altcoin Gem’ With 1,900% Upside However, the asset’s price performance in the past day isn’t all that positive. Over this period, TRX has faced a slight correction, falling from its 24-hour high of $0.1705 to a price of $0.1684 at the time of writing. While TRX’s price has seen an uptick, its daily trading volume seems to be recording an opposite trend. In the past few days, this metric has decreased from over $600 million seen last weekend to below $500 million. Featured image created with DALL-E, Chart from TradingView
The integration could enhance TRON's DeFi ecosystem security and innovation, potentially driving broader adoption and growth in the blockchain space.
The post TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON’s growth appeared first on Crypto Briefing.
Tron founder Justin Sun said the blockchain’s integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector. In an Oct. 31 post on X, Sun stated: “[Tron] has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL […]
The post Tron’s DeFi ecosystem set for a boost with Chainlink collaboration appeared first on CryptoSlate.
Tron DAO said in an announcement that DeFi applications JustLend and JustStable — with over $6.5 billion in TVL — will use Chainlink’s data feeds.
To improve the liquidity in the bull market, Tether has once again minted a massive amount of USDT over the TRON network. The mint within the past 12 hours aligns with Tether’s strategy to maintain substantial supply across all the major exchanges and blockchains. With the recent 1 billion USDT mint, the total circulating supply …
Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart contracts platform has surpassed expectations. Tron Energy Demand Doubles In 3 Months At spot rates, is TRX likely to print fresh all-time highs, and the mainnet is also thriving. According to IntoTheBlock, the Tron energy requirements have expanded 100% in the past three months. Related Reading: $200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’ Experts say the rapid increase in Tron energy indicates growing network activity and rapid adoption. Like Ethereum and other modern chains, Tron is energy efficient and relies on validators for transaction processing. However, in Tron’s case, energy is useful when executing smart contracts on the mainnet. As more people deploy meme coins or launch DeFi dapps, the mainnet’s “fuel” demand also increases. Rising resource needs push Tron energy to fresh levels. By how Tron is designed, more energy is needed during periods of high demand to prevent gas fees from spiking in case transactions are congested. That energy has been rising in the past few months is not surprising. Not only does Tron boast of a thriving DeFi ecosystem, but it also has a vibrant meme coin scene. Ecosystem Boom Driven By Meme Coins: TRX Priming For New All-Time Highs? DeFiLlama shows that all Tron DeFi dapps manage over $7 billion of assets. On the other hand, the recent launch of SunPump, a meme coin launchpad in August, has seen over 91,000 meme coins deploy on the network. Looking at Dune, over 1,700 tokens have been listed on Sunswap. Related Reading: Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next Coincidentally, the spike came with the activation of SunPump in August. As of October 24, SunPump has helped Tron generate over $5.4 million in revenue, looking at Dune data. Others came from smart contract deployments via gaming, DeFi, and other diverse dapps on the platform. TRX is trading at around October 2024 highs at press time, defying gravity. Interestingly, despite the momentum challenges Ethereum faces, TRX, on the other hand, is less than 4% away from all-time highs. If bulls build on October 24 gains, the coin may easily break August highs, printing a new all-time high in Q4 2024. Feature image from DALLE, chart from TradingView
The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S
TRON (TRX) recently garnered attention by incinerating over 10 million tokens, demonstrating its dedication to a deflationary approach intended to enhance its value. Currently, TRX is trading at roughly $0.1605, indicating a small increase. Related Reading: Uniswap: New Crypto Developments Lift UNI Price Up by 17% – Details Analysts express optimism on TRON’s future, forecasting a 57% price increase during the next three months, and an even more remarkable 208% rise over six months, figures from CoinCheckup show. This optimistic perspective indicates that TRX may be poised for a substantial upward trajectory in the cryptocurrency market. A Robust Technical Foundation The technical indicators for TRX are converging towards a positive sentiment. The price chart demonstrates a modest upward trend, while the Relative Strength Index (RSI) is presently at 57.58. This statistic indicates that TRX is approaching overbought area, however there still potential for more gains. The Stochastic indicator, currently at 66.63, reinforces this bullish perspective by demonstrating momentum without indicating imminent exhaustion. Collectively, these factors suggest that TRX may sustain its upward trend in the short future, rendering it an appealing opportunity for investors. Increasing Enthusiasm For TRON Alongside the token burn, TRON has had a decent increase in daily active addresses, indicating a growing investor interest, data from IntoTheBlock shows. Although the general trend seems constant, this minor uptick suggests that more people are entering the market. This increasing participation may enhance the token’s upward trajectory, particularly when coupled with the current deflationary strategies. As TRON endeavors to diminish its circulating supply, these elements may establish a foundation for heightened prices. Market Sentiment And Trading Conduct Despite the positive statistics, traders remain extremely cautious. The Long/Short Ratio shows shorts slightly outstrip longs with 54% shorts and 46% of longs. This is a ‘wait-and-see’ attitude by traders while awaiting a possible volatility in the price movement of TRX. Related Reading: Shiba Inu Could Surge 340%, Echoing Its 2021 Bull Run Peak — Analyst The TRX OI-Weighted Funding Rate is at approximately 0. That means that the balance of longs to shorts is neutral, and hence it may also reflect positively on market sentiment pending short-term variability for TRX’s price. Recent burning of tokens by TRON and the steady increase in active addresses can boost the momentum TRX needs to post solid growth rates for the next couple of months. Technical indicators depict a positive trend and solid price projections, which shows TRX will gain substantially in the short term. Featured image from Pixabay, chart from TradingView
A drop in Ethereum network activity and investors' concerns about the global economy continue to weigh on ETH price.
In a significant milestone, TRON Network reported a record-breaking revenue of $577 million for the third quarter of 2024, TRON founder Justin Sun revealed on the X platform. This marks the highest revenue the network has achieved since its inception, with a 43% increase compared to Q2. The surge in revenue is primarily credited to …
Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.
According to one analyst, Tron, a popular smart contracts platform and a stiff competitor of Ethereum, could be one of the most important layer-1s. Based on his assessment, the platform now serves more as a transactional layer, similar to Bitcoin. Tron Leads In P2P Stablecoin Transfers While the network was first known for hosting gaming […]
On-chain data shows that Tron long-term holders have increased by 237% in the past year, suggesting a rise in HODLing convictions on the network. Tron HODLers Have Seen Their Count Go Up Recently In a new post on X, the market intelligence platform IntoTheBlock shared an update about how the different segments of the Tron […]
As the Tron ecosystem continues to experience significant adoption, the community has successfully come to an agreement on the Sun Pump Protocol’s revenue allocation strategy introduced by the project’s founder Justin Sun. This agreement represents a major turning point for the Tron network since community members agreed on how to distribute the generated funds, guaranteeing […]
Justin Sun's SunPump community abandons LP token burning in favor of a more transparent, onchain buyback and burn process.
When compared with July, Tron Network has jumped 46.54% Month-on-Month (MoM), from $41.92 Million to $61.43 Million. Notably, BSC has recorded a decent jump of 6.63% from $10.56 Million to $11.26 Million. However, the Ethereum Network has recorded a significant drop of 33.44%, from $94.06 Million to $62.61 Million. Followed by this, Bitcoin has dropped …
The TRON community has successfully raised the network’s energy cap to 120 billion in the backdrop of the SunPump frenzy last week. This development is expected to boost transactions for TRX stakers, lower gas fees, and enhance overall network activity. Tron founder Justin Sun shared that he’s impressed by the TRON community’s execution. The TRX …
Amid the memecoin frenzy on the Tron network, Justin Sun is facing backlash for the controversial removal of over $700 million in Bitcoin (BTC) as USDD’s collateral without the Tron DAO Reserve’s vote. Sun has now addressed the situation after the move raised concerns about the stablecoin’s decentralization. Related Reading: Tether Announces Upcoming UAE Dirham-Pegged […]
The newly introduced SunPump, a meme coin deployer on the Tron network, is seeing significant adoption in the industry. Following the launch of the meme coin deployer, Tron (TRX) has risen to the top of trending cryptocurrency assets, triggering a wave of engagement and interest within the Tron ecosystem, as cited by Santiment, a leading […]
Crypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most profitable blockchain in terms of revenue, according to Justin Sun.
According to data from DeFi Llama, the Tron network accrued $1.31 million in network revenue during the past 24 hours alone.