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What Does it Mean for Tron Hitting 120 Million Accounts?

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  • Tron was developed in 2017 by Justin Sun, among the youngest crypto developers. 
  • The total number of transactions registered reached nearly 4.19 billion.  

Tron is the native cryptocurrency of the Tron blockchain, and the TRX token is in the 16 ranks in the crypto market according to market capitalization.    

TRON DAO’s official Twitter handle posted unprecedented achievements like an increased user base of Tron and increased blockchain transactions. 

The total number of accounts on the Tron blockchain reached 119,949,499, and the total number of transactions registered reached nearly 4.19 billion.   

It should be noted that when the whole crypto market was in great trouble after FTX collapsed, Tron achieved impressive growth in the last few weeks.    

Tron was developed by Justin Sun in 2017 to promote decentralisation and user security in the crypto sector.  

According to data from CoinMarketCap, while writing this article TRX the native token of Tron, is trading at $0.05072 with a 24-Hour volume of $346,307,067.89.     

Recently Tron blockchain overtook 45.83 million, and its Total Value Locked(TVL) achieved a new goal and reached $12.3 billion. 

According to the reports of TheCoinRepublic, Justin Sun attended SmartCon Event 2022 and delivered a wonderful speech at the event.     

Sun delivered a speech consisting of the remarkable story of founding the TRON (TRX) network. He shared the experience of the network’s establishment and some crucial collaborations in the last couple of years.

Further, Sun stated that developers should not fear mistakes and indulge in building something in the Web 3 space. The mainstream adoption of the new age tech is to happen soon, so the players within the Web 3 space should be looking towards the decentralized world. 

On August 6, 2022, TheCoinRepublic, reported that the blockchain expanded by 49% in TVL in July. On July 1, TVL was $3.95 billion and took off to $5.91 billion on the last day of the month.   

TRON TVL rose in July because decentralized applications (dApps) in its biological system took off to new highs. Decentralized loaning stage JustLend (which has the most TVL in TRON) rose by over 19% somewhat recently. 

Source:- TradingView

Tron(TRX) is trading near the yearly low of $0.458. In November, TRX dropped 25%, representing that bears carry authority and shorts are now made. The price is below the significant moving averages and trades near the lower end of the Bollinger band. The negative divergence form on the chart makes the price fall from the range and tests the yearly lows. Moreover, RSI is at a neutral zone and confines to give a little pullback. According to fib, the price action is defined as holding the price below $0.4820, which is strong support. On the upside, the price of $0.5320 is the immediate hurdle which, if it breaks, makes the bullish moves further.

According to data from CoinMarketCap, while writing this article TRX, the native token of Tron, has  $346,307,067.89 24-Hour volume.   

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