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Information about TRON (TRX)
TRON is a highly scalable, high-bandwidth blockchain platform that allows developers to create Smart Contracts and develop dApps.
TRON is a blockchain-based operating system that ensures the technology is suitable for everyday use. While Bitcoin can handle up to six transactions per second and Ethereum up to 25 transactions per second, TRON claims that their network has a capacity of 2000 TPS—24/7.
The project is a decentralized platform focused on content sharing and entertainment, and ultimately, one of the project’s biggest acquisitions was the file-sharing service BitTorrent in 2018. Overall, TRON has divided its goal into six phases:
TRX acts as a Governance token on the TRON platform. TRX holders can freeze their cryptocurrency to receive Tron Power, whereby they can vote for a “super representative” who acts as a block producer. These block producers receive TRX rewards for verifying transactions, and the rewards are then distributed to those who voted for them.
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Kripton has formed a strategic alliance with TRON and Tether, focusing on enhancing cryptocurrency adoption in Argentina and supporting local merchants.
The partnership allows over 2,000 merchants to utilize USDT for payments and offers interest-free microloans to central market workers, aiming to promote economic participation.
With a goal of 110,000 transactions and approximately 2 million USD generated over 18 months, this initiative represents a significant step towards financial inclusion and the growth of the crypto ecosystem.
Justin Sun predicts TRX will achieve an all-time high before Q2 2025 ends. This follows a week of positive momentum, with TRX currently valued at 0.2463 USD, but still significantly lower than its last high of 0.4407 USD.
The crypto market sentiment remains stable, with Sun’s comments providing potential positive signals for TRX holders. Alongside TRX, he sees opportunities for growth in USDT and USDD market caps, indicating broader ecosystem development.
TRON (TRX) and Cardano (ADA) are in a tight race for the 9th spot in market capitalization. Cardano’s network activity has seen a significant 30.3% decrease in daily active addresses, indicating possible investor concerns.
TRON’s liquidity is strong, with recent USDT minting of 1 billion USD amplifying its market utility. Despite a slight dip in Total Value Locked, TRX’s trading volume surged by 179.4%, showcasing a healthy market demand.
ADA saw a 21% decline in Q1, contrasted with TRX’s limited losses of 8%. As ADA remains significantly below its cycle high, TRON’s positioning suggests it is likely to challenge higher market caps, potentially exceeding 24 billion USD.
On Thursday, World Liberty Financial (WLFI) moved 775,000 USD in USDC to a wallet focused on altcoin purchases, enhancing its investment strategy.
WLFI’s portfolio has expanded to include eleven cryptocurrencies, notably Ethereum, AVAX, LINK, and Tron, reflecting a broad diversification.
The company is collaborating with the Sui blockchain and plans to launch a stablecoin, USD1, redeemable for US dollars, aimed at institutional investors.
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