{"id":500725,"date":"2022-09-01T12:01:47","date_gmt":"2022-09-01T12:01:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=500725"},"modified":"2022-09-01T10:08:04","modified_gmt":"2022-09-01T10:08:04","slug":"tron-volume-market-cap-on-steady-decline-despite-social-media-hype","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/","title":{"rendered":"TRON Volume And Market Cap Down Despite Social Media Hype"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">According to recent news reports, Tron (TRX) outperformed both Bitcoin and Ethereum in terms of energy efficiency.<\/span><\/em><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">TRX social dominance up<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">TRX price down by 2.97%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Future trends show TRX to plunge further<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">\u00a0Compared to Bitcoin, Tron uses 99.9% less energy (just 162,868 kWh). Being a major issue in the most recent session, crypto mining has been welcome publicity for Tron.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Tron DAO recently tweeted a link to a blog post where they provided an update on some of their on-chain metrics and informed their followers of the exciting development.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Apparently, the number of accounts added has increased, and that Tron&#8217;s height has surpassed 43.61 million. Tron added over 971880 accounts this week, according to the blog post.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/tron\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, TRX price has nosedived by 2.97% or trading at $0.06347 as of press time.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The TRON coin appears to be expanding quickly, as seen by a jump in transactions and TVL. Although there have been sporadic surges, its social dominance metric has remained stable.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/shiba-inu-burn-events-spark-a-rally-in-altcoin-over-the-past-weeks\/\">Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks<\/a><\/div>\n<h2><b>TRX Down In Terms Of Market Cap, Volume<\/b><\/h2>\n<p><span style=\"font-weight: 400\">It&#8217;s not all sunshine and roses for TRX, despite the fact that things are looking up on the social media front.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Since May, there has been a declining trend in both volume and market capitalization. In addition, Tron&#8217;s volume metric has experienced extreme fluctuation. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The level of development activity has likewise dropped by an unheard-of amount. This might be a sign that the Tron technology is not likely to see many breakthroughs or significant improvements anytime soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The advantages and disadvantages of Tron, however, seem to be in continual conflict with one another. On the micro-frame, however, the price hasn&#8217;t exhibited the same volatility.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-500726 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/tt.png?resize=531%2C253\" alt=\"\" width=\"531\" height=\"253\"><\/p>\n<pre style=\"text-align: center\">Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><b>TRX Price Action Hints At Bullish Omen<\/b><\/h2>\n<p><span style=\"font-weight: 400\">TRX Future The $0.071 resistance and $0.063 support levels have mostly influenced TRX&#8217;s price action for a while now. In recent times, nonetheless, the price did surpass the $0.063 resistance level. Nevertheless, it has recovered.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The midline of the Bollinger Bands was being traded above by TRX on August 30. It may be interpreted as a bullish omen. It will be interesting to watch if TRX can overcome its immediate resistance and continue to rise.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Future price trends for TRX are shown by the weekly technical chart. Near $0.1, Tron&#8217;s upward momentum may come to a stop. The coin is currently supported at around $0.03. On the daily chart, the asset has been trading close to $0.069 with a loss of 2.07.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price of the asset is presently trading below both the 50 and 100 Daily Moving Averages. New future highs are possible if the asset price crosses above the 100 DMA.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/want-to-hodl-usdc-check-these-indicators-first-to-ease-doubt\/\">Want to Hodl USDC? Check These Indicators First To Ease Doubt<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/JmwNYnkR\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">BTC total market cap at $5.8 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from AAX Academy, chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>According to recent news reports, Tron (TRX) outperformed both Bitcoin and Ethereum in terms of energy efficiency. TRX social dominance up TRX price down by 2.97% Future trends show TRX to plunge further \u00a0Compared to Bitcoin, Tron uses 99.9% less energy (just 162,868 kWh). Being a major issue in the most recent session, crypto mining has been welcome publicity for Tron. The Tron DAO recently tweeted a link to a blog post where they provided an update on some of their on-chain metrics and informed their followers of the exciting development. Apparently, the number of accounts added has increased, and that Tron&#8217;s height has surpassed 43.61 million. Tron added over 971880 accounts this week, according to the blog post. According to CoinMarketCap, TRX price has nosedived by 2.97% or trading at $0.06347 as of press time. The TRON coin appears to be expanding quickly, as seen by a jump in transactions and TVL. Although there have been sporadic surges, its social dominance metric has remained stable. Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks TRX Down In Terms Of Market Cap, Volume It&#8217;s not all sunshine and roses for TRX, despite the fact that things are looking up on the social media front. Since May, there has been a declining trend in both volume and market capitalization. In addition, Tron&#8217;s volume metric has experienced extreme fluctuation. The level of development activity has likewise dropped by an unheard-of amount. This might be a sign that the Tron technology is not likely to see many breakthroughs or significant improvements anytime soon. The advantages and disadvantages of Tron, however, seem to be in continual conflict with one another. On the micro-frame, however, the price hasn&#8217;t exhibited the same volatility. Chart from TradingView.com TRX Price Action Hints At Bullish Omen TRX Future The $0.071 resistance and $0.063 support levels have mostly influenced TRX&#8217;s price action for a while now. In recent times, nonetheless, the price did surpass the $0.063 resistance level. Nevertheless, it has recovered. The midline of the Bollinger Bands was being traded above by TRX on August 30. It may be interpreted as a bullish omen. It will be interesting to watch if TRX can overcome its immediate resistance and continue to rise. Future price trends for TRX are shown by the weekly technical chart. Near $0.1, Tron&#8217;s upward momentum may come to a stop. The coin is currently supported at around $0.03. On the daily chart, the asset has been trading close to $0.069 with a loss of 2.07. The price of the asset is presently trading below both the 50 and 100 Daily Moving Averages. New future highs are possible if the asset price crosses above the 100 DMA. Related Reading: Want to Hodl USDC? Check These Indicators First To Ease Doubt BTC total market cap at $5.8 billion on the daily chart | Source: TradingView.com Featured image from AAX Academy, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":496934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83383],"tags":[1144,65296,8686,11808,11993,86464],"class_list":["post-500725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tron-trx","tag-btcusd","tag-ethbtc","tag-ethusd","tag-tron","tag-trx","tag-trx-price"],"acf":[],"yoast_head":"\n<title>TRON Volume And Market Cap Down Despite Social Media Hype<\/title>\n<meta name=\"description\" content=\"According to recent news reports, Tron (TRX) outperformed both Bitcoin and Ethereum in terms of energy efficiency. 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TRX social dominance up TRX price down\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T12:01:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-01T10:08:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/07\/Tron-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"649\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"TRON Volume And Market Cap Down Despite Social Media Hype\",\"datePublished\":\"2022-09-01T12:01:47+00:00\",\"dateModified\":\"2022-09-01T10:08:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/\"},\"wordCount\":464,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/07\/Tron-1.png?fit=649%2C432\",\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"TRON\",\"TRX\",\"TRX Price\"],\"articleSection\":[\"Tron\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/\",\"url\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/\",\"name\":\"TRON Volume And Market Cap Down Despite Social Media Hype\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/tron-trx\/tron-volume-market-cap-on-steady-decline-despite-social-media-hype\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/07\/Tron-1.png?fit=649%2C432\",\"datePublished\":\"2022-09-01T12:01:47+00:00\",\"dateModified\":\"2022-09-01T10:08:04+00:00\",\"description\":\"According to recent news reports, Tron (TRX) outperformed both Bitcoin and Ethereum in terms of energy efficiency. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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