TRX Soars to Yearly Peak: Tron Bulls Charge as Network Processes 11.1B Transactions
Tron's native token TRX just punched through its yearly high—bulls are running wild as the network hits a staggering 11.1 billion transactions. Here's why the smart money's paying attention.
Network activity exploding? Check. Price momentum building? Double-check. Traders flipping from 'wait-and-see' to 'FOMO-in'? You bet.
While legacy finance still debates blockchain utility, Tron's out here moving numbers that'd make traditional payment processors blush. (Take that, SWIFT.)
One catch? When this much hype hits, volatility usually follows. Buckle up.
Tron’s Open Interest hit record highs
CoinGlass futures’ OI in Tron at exchanges rose to $610.47 million on Friday, the new all-time high, and has been constantly rising since July. Rising OI represents new or additional money entering the market and new buying, which could fuel the current TRX price rally.
TRX open interest chart. Source: CoinGlass
CryptoQuant data shows that the TRON Transaction Count has surpassed 11.1 billion, highlighting a growing network. The historical comparison shows that the current daily run rate is approximately 7–9 million transactions per day, with peaks approaching 10 million; this is significantly higher than the levels seen in early 2024, suggesting a strong growth compared to the previous cycle.
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TRON Transaction Count chart. Source: CryptoQuant
Tron Price Forecast: TRX hits new yearly high
Tron price reached a new yearly high of $0.37 on Thursday after rallying nearly 35% since mid-June. At the time of writing on Friday, it trades around $0.35.
If TRX continues its upward momentum, it could extend the rally toward its record high of $0.45, set on December 4, 2024.
The Relative Strength Index (RSI) on the daily chart reads 73, placing it in overbought territory, pointing upward, indicating strong bullish momentum. The MACD showed a bullish crossover on Monday, and with rising green histogram bars, further supports the bullish thesis.
TRX/USDT daily chart
If TRX faces a correction, it could extend the decline toward its next support at $0.34.
