Tron Transactions Surge To ATH But Will Its Price Follow: Analysis

TRON Transactions Surge To ATH as the team took it to Twitter to share the news with the world as we also read more about in our latest Tron news today.

According to the announcement, the number of Tron transactions daily had reached 9,298,611 and more transactions daily than ever have been carried out in the 24-hour period. This shows how fast the ecosystem is growing and the digital asset has seen increasing popularity during the bull market. The price of the coin has suffered recently and there have been no indications for a change in price so far. But with the transactions reaching a record high, can this be considered as the catalyst for an upward movement?

📢According to @TRONSCAN_ORG, #TRON daily new accounts reached ATH of 621,850!

🔥This amazing growth shows that #TRON is the world’s fastest-growing public chain. With over 49M total accounts, 2.2B total transactions, #TRON is unstoppable!

🤗You can always keep faith in TRON! pic.twitter.com/l1t92dyyan

— TRON Foundation (@Tronfoundation) July 29, 2021

The reports show that the number of daily accounts on Tron hit a new ATH as well and according to the tweet, the amount of daily new accounts hit 621,850 and this number brought the total accounts to over 49 million while a total of 2.2 billion transactions were carried out on the network so far. The number indicates increasing interest in the Tron Foundation and its native token TRX but the price of TRX didn’t show any upward movement since the news came out. The TRX price hasn’t followed the general price movements in the eh crypto market and a good portion of the market currently saw a price surge after the price of BTC going up but so far, Tron hasn’t responded positively to this.

🎉The number of daily transactions on #TRON reached 9,298,611 on July 28th, setting a new record high!!!

💪#TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web. #TRX #TronNetwork #JustinSun pic.twitter.com/bl8TQiI6Ap

— TRON Foundation (@Tronfoundation) July 29, 2021

While the price saw an uptick following the close of the weekend, the price of the coin has mostly remained down after a dop. Tron’s TRX price is down over the past day and the coin doesn’t seem to be gaining steam to make a recovery. The TRON transactions surge to ATH but the price hasn’t responded to the news as the charts are showing increasing movements with the price remaining monotonous. The lack of movement in the price continues to be a major cause for concern for the investors and since all of the news has had no impact so far, its price is trading at $0.060638.

Source: https://www.dcforecasts.com/tron-news/tron-transactions-surge-to-ath-but-will-its-price-follow-analysis/