I know a lot of you have been observing the market very closely. If you have been carefully observing and extending your search to altcoin market, you must have noticed that trx has been making a good and steady bullish moves amid the general crypto market downtrend. What does it tell you ? Well, before the end of this piece you will know, and I also believe you may want to add trx to your current hodling .
TRON MAY REMAIN BULLISH
TO $1.00, TARGET PRICE
Tron Blockchain has recorded a significant usdt transaction volume according to token terminal. This surge underscores Tron’s growing influence in the stablecoin market, with its USDT transfer volume in Q2 2024 reaching approximately one-third of Visa’s annual settlement volume. This development signals a broader acceptance and integration of blockchain technology within global financial transactions.
Tron (TRX) is making waves with its mission to build a decentralized internet. It’s a blockchain platform that focuses on high-speed transactions and low fees.
Tron blockchain has experienced an immense rise in USDT transfer volume over the previous four years. Starting with a transfer volume of $25.2 billion in Q2 2020, the number increased to $1.25 trillion in Q2 2024. This quick growth trend demonstrates Tron’s growing trust and reliance on executing large financial transactions, notably stablecoins.
Tron’s recent performance is particularly notable compared to that of traditional financial giants like Visa. In fiscal year 2023, Visa reported processing $15 trillion in transactions. The comparison of these volumes illustrates the significant ground blockchain technologies like Tron are gaining against established payment networks. This trend reflects a larger shift towards digital currencies in financial ecosystems worldwide.
This being recorded, as shifted the focus of crypto whales to accumulate more Tron tokens. It is expected that Tron market price will hit 🎯 $1.00 before the end of 2024. If you do agree with me, let me see your comments 🫣🫣.