TRON published its weekly highlights mentioning the notable developments TRON reached 131,312,000 accounts on the network however a few metrics were not supportive TRON [TRX] posted its weekly update highlighting all the major developments on the ecosystem during the last seven days. This gave an understanding of the network’s performance. TRON mentioned the launch of […]
Furthermore, at press time, TRX was trading at $0.0547 with a market capitalization of more than $5 billion. TRON’s on-chain metrics gave a better understanding of what went wrong over the last week, apart from the bearish market condition.
TRON’s development activity witnessed a sharp decline, which was a negative sign because it represented fewer efforts from developers to improve the network. Moreover, TRX’s volume also registered a slight decline during the last seven days.However, TRX managed to remain popular in the crypto space, which was evident from its social volume. TRX’s Binance funding rate went up substantially. This could be considered as a positive signal as it indicated high interest from the derivatives market.
TRX’s Relative Strength Index was also resting in the neutral position. This suggested that things could head in any direction. However, the Chaikin Money Flow was relatively up, increasing the chances of a price surge during the final days of this year.Subscribe to get it daily in your inbox.