Tron Network has achieved a jaw-dropping milestone as 99% of its addresses are profitable!
We are very familiar with the Tron (TRX) coin because the community is involved with the name of this token and also a weekly contest where a Tron (TRX) staking contest is launched which is held every Friday to stake this token. There is good news for those who have associated themselves with it. Because the broad market is currently among the beneficiaries of the ongoing rally. Tron (TRX) coin price has recently recorded impressive growth. These prices continue to rise. If you look at its price now compared to last week, you will see that its price has increased by about 7.4%. Even this is a good increase compared to last month. This price increase is 22% higher than last month.
Even last year we saw its price was slightly lower but since the beginning of the new year its price has continued to increase. The price of TRX is up about 22% since the beginning of the year. Even now it is quite a popular coin. It is ranked among the best coins because its market cap has increased a lot. It is currently the 13th most popular coin in terms of popularity. Tron's current market cap is around $11.66 billion.
Currently this price increase brings good news for the holders. Because the number of Tron addresses in profit has recently increased by almost 100%, following the significant rise of TRX in recent times. The In/Out of the Money metric analyzes the value at which addresses have earned TRX. It is even compared to the present value. IntoTheBlock classifies those addresses that were acquired below the current price ie those that were acquired at a profit. But an important point is that investors who buy these coins at current prices. They are tagged as "at the money" or breakeven. A data revealed that the holders who currently hold this token represent about 99% of the holders. Even TRX holds about 115.9 million addresses. And simply said all these customers or holders are in profit. Because almost 100% of them holders bought this token at a low price. Even in the loss there is no Tron address.
We know that the owner of TRX is Justin Sun. He launched it in 2017. Tron is a decentralized blockchain with proof-of-stake and smart contract functionality. That it was embroiled in a scandal last year particularly in the Hamas Israel war. A report by Reuters, a top local news outlet, claimed that Tron(TRX) has overtaken Bitcoin as the network of choice for terrorists in the wake of the Israel-Hamas conflict. Such cases came to light after Israeli authorities froze 143 Tron addresses used to finance terrorism and there were claims. Notably, TRON addresses were frozen from 2021 to 2023 However, it is now quite a price increase and all the holders are really in profit and that is one of the best news for them. And it says that 99.99 percent of addresses are in profit because they bought them when prices were low.
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Your article is very good. Nicely explained. I hope you write articles like this in the future.Thank you.
Very happy to read your post. You explain it very beautifully.
Wow what a milestone this is, indeed tron continues to gain wide acceptance and usage and that's very good for the blockchain, soon will be used by all for transactions for it's lightening speed nature
Thank you very much for detailing Tron, one of my favorite coins
A very nice detailed discussion about Tron Network from which you can understand a lot and there is. Thank you for sharing a very nice post with us all. I hope you will benefit a lot in the future.
It’s a details post and very nice explained. This topic is new for me..Thanks for sharing this.