TRON (TRX) price sees 14% surge over past month as daily transaction numbers hit 7 million mark

In the last 30 days, TRON (TRX) has experienced tremendous growth. The token’s price went up by 14%. The TRON blockchain also recorded over seven million daily transactions. The TRON ecosystem plans to introduce gas-free stablecoin transactions by the end of this year.

Justin Sun, the platform’s founder, predicted that TRON’s ecosystem would continue on its upward trajectory for the second part of the year with the network yet to maximize its potential. The TRX token has had a price surge of 14% in June. TRON is also notably planning to unveil gas-free transaction costs for stablecoin transactions by the end of the year, alongside intentions to expand its DeFi footprint in the future to accommodate more platforms.

TRX price shows resilience and potential for growth

$TRON Blockchain’s Daily Transactions Rise to 7M, TRX Price Surges 14%. pic.twitter.com/bYCn4WMbFt

— saintchrischon (@saintchrischon) July 11, 2024

TRX continued to hold up well even when the price of Bitcoin continued to drop. TRX surpassed the key resistance level of $0.13. A crypto analyst speculated that the token would go up to around $0.14 in the medium term if the price remains over $0.12. The analyst also mentioned that the blockchain network is in high demand. By breaking the $0.13 resistance line, the token retained its position at the top of the 50-day and 200-day moving averages. These figures also show the token’s continued adoption by users in the crypto world.

TRON’s ecosystem currently has a large user base with over 2 million active addresses. The number of active TRON users surpassed that of competitors such as Ethereum. Justin Sun, the platform’s founder, predicted that the TRON blockchain will become the first blockchain in the world to surpass one billion addresses in an X post.

Justin Sun predicts explosive growth for TRON

Justin Sun, TRON’s founder, stipulated that the TRON ecosystem was yet to reach its full potential. The statement forecasted that the blockchain network and its token would experience even more growth this year. Sun stated that the TRON ecosystem remained largely underrated. He stated that TRON’s blockchain surpassed many traditional financial giants like MasterCard by processing approximately $40 billion worth of stablecoin transactions daily.

The founder’s outlook that TRON’s ecosystem will grow is supported by the platform’s announced plans. The platform plans to introduce gas-free stablecoin transfers by the end of the year. The move will eliminate transaction costs associated with stablecoin transactions.

Sun stated that this change would be implemented on the blockchain and would later support Ethereum and all EVM-compatible public chains. TRON also aims to increase its DeFi footprint to bypass the current DeFi platforms on the network. The plan will make the network more accessible and cost-effective for users. As a result, the TRON ecosystem is expected to continue its growth as the year progresses.

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