TRON (TRX) is on fire 🔥 and it's no joke. The coin has taken an impressive leap, reaching an annual high of $0.3344 last Friday. While other cryptos are dragging in consolidation, TRON is showing incredible strength. What's the reason? The crux of the matter is that fees on the TRON network have skyrocketed, yes, you read that right! They have surpassed those of Ethereum and are almost on par with Bitcoin. 🤯
This means that people are using TRON A LOT, and I mean a lot. It averages $1.29 in monthly fees per transaction, a number that not only shows a brutal increase in user activity but also that the network remains efficient despite a slight rise in costs. This turn has put TRON ahead of Ethereum in fee revenue, consolidating its weight in the world of smart contracts and stablecoins. 💰
And what happens when there’s more activity? Well, more TRX gets burned. Each transaction on the TRON network removes a small amount of TRX from the market. So, the more usage, the more burning, which reduces the circulating supply. Imagine this: demand rises, supply decreases… bingo! The value of TRX strengthens. 💪 It’s a brutal feedback cycle that is positioning it as one of the most robust projects in this highly competitive market.
Although TRX had a small slip and is now at $0.3137, it continues to show super resilience. It remains firm above the psychological mark of $0.30, a key level that acts as support. This indicates that the pullback is just a healthy pause after a strong rally, it’s not the end of the world! 📈 If the bulls maintain control and defend that $0.30 level, we could see TRX aiming for the $0.35-$0.36 zone very soon.
The key point here is that we are not just seeing a speculative spike. There is real demand and massive adoption behind all this, especially in sectors like stablecoins, video games, and decentralized finance (DeFi), where performance and low costs are crucial.
So, stay tuned because TRON is sending clear signals that it’s coming to play in the big leagues. Will we see TRX break barriers and establish itself as one of the undisputed leaders of the crypto world? 🌍 Time will tell, but the move is strong!$TRX $ETH
