As per a recent post from TRON DAO, the number of transactions on the Tron blockchain has surpassed 8 billion. The announcement caused a surge in the TRX cryptocurrency. At the time of this writing, it is being traded at $0.1342, marking a 3.13% increase in the last 24 hours. According to CMC data, the trading volume has increased by 6.34% during the same period.
The milestone has brought joy to TRON supporters who are confident that the blockchain will soon reach 10 billion transactions.
TRX token price prediction: what can we expect?
Indicators suggest that the TRX token is gearing up for a significant surge. The 50-day exponential moving average stands at 0.1225, surpassing the 200-day average of 0.1166, signaling a potential golden cross formation for TRX.
After analyzing the moving averages, it is evident that the overall trend for TRX indicates a strong buy, with neutral and sell trends also present. Today, the summary technical rating for TRX is a strong buy, with a prevailing buy trend over the past week, while the one-month rating also advises buying the TRX token.
A key upcoming event that could further impact the TRX token is the TRON Immersive Night scheduled for July 25 at Vū Nashville. This event marks the celebration of the launch of HackaTRON Season 7, where members of the Tron community will be immersed in the captivating world of TRON’s cyberpunk city.
Attendees can anticipate an evening filled with innovation and excitement, including a DJ, live music, and three hours of complimentary food and drinks. In addition, an exclusive TRON merchandise shop will be open for visitors.
Why Tron blockchain is gaining popularity
The Tron blockchain offers numerous advantages, distinguishing it from other ecosystems and contributing to the increasing number of transactions involving the TRX token. It has the capacity to process up to 2,000 transactions per second, a significant improvement over Ethereum and other blockchains.
Tron’s architecture is specifically optimized for efficient scaling, ensuring that the blockchain can manage increasing loads without any decline in performance as the user base and transaction volume expand. Even if the number of transactions exceeds 10 billion, users can still expect the same high performance from the blockchain.
It’s worth noting that data shows a consistent increase in the number of transactions on the network since the beginning of 2024, with an average of 6.75 million transactions processed daily.
Transactions on the Tron network are very cost-effective, making it an attractive option for microtransactions and other use cases where minimizing expenses is crucial.
