Rising rank of cryptocurrency TRX: A sustainable phenomenon or just temporary?
TRX surpasses DOGE: The new trend of utility-based cryptocurrencies
Tron's cryptocurrency, TRX, has officially surpassed Dogecoin (DOGE) on the market capitalization rankings. This move clearly reflects a new trend: developing based on utility value rather than attention-grabbing memes. Currently, TRX is the eighth largest cryptocurrency by market value, with a capitalization of over 25.93 billion USD. This change is a clear testament to the rise of projects with real potential, focusing on utility, in the cryptocurrency ecosystem.
Politics – a driving factor for long-term growth of TRX
The direct transaction between Tron founder Justin Sun and Bo Hines has opened new growth opportunities. The meeting took place in the context of the United States' influence in the cryptocurrency field and support for the GENIUS Act. Justin Sun expressed appreciation for promoting this bill, contributing to enhancing reliability for the Tron ecosystem.
Long-term trend of TRX and potential for sustainable development
Awakening from political factors and official activities
This political event raises expectations for the price increase of TRX. Tron will convert into a public company in the United States through a reverse merger worth 210 million USD with SRM Entertainment. This move shows clear policy and an expansion strategy aimed at the U.S. market, where there is a high demand for blockchain and utility-based cryptocurrency services.
Analysis of stablecoin usage on the Tron platform
Data from CryptoQuant shows that the usage of stablecoin USDT on Tron accounts for over 65% of total on-chain activity. Binance is currently processing between 2 to 3 billion USD daily through TRX, indicating significant trust from traders and businesses. Thanks to low transaction fees, fast payment speeds, and scalability, TRX is increasingly becoming a popular payment gateway platform for emerging and developing economies.
The future of TRX is based on the utility of stablecoins
The cryptocurrency market is currently witnessing a strong increase in stablecoins, especially USDT on the Tron blockchain. Companies like WLFI have started accepting payments in USD on Tron, indicating the potential for service expansion and an increase in TRX's rank among mainstream cryptocurrencies.
Conclusion
The future of TRX is based on real utility and clear policy support. The integration of international strategy and promotion of stablecoin usage will help this currency maintain its position as the eighth and continue to advance in the global cryptocurrency ecosystem. This transition is not only a short-term strategic move but also has long-term implications for the sustainability of the Tron blockchain system.
Source: https://tintucbitcoin.com/trx-len-top-8-tien-dien-tu/
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