TRON [TRX] overtakes ETH in this metric, but troubles manifest

Stablecoin adoption in retail payment has been increasing in the TRON network. Monthly active users increased, but TVL registered a decline. On 26 February, TRON [TRX] overtook Ethereum [ETH] in terms of USDT supply on the network. As per a TRON community tweet, USDT supply on TRON rose to over 40 billion while declining on […]

, TRX’s price decreased by 4% in the last week, and at the time of writing, it was trading at $0.06867 with a market capitalization of over $6.28 billion. Considering the above-mentioned updates, an increase in TRX’s price could help the network regain its upward momentum in terms of TVL.Surprisingly, while total accounts increased considerably, TRON’s daily active accounts registered a decline in the last 30 days, which was a negative signal.

TRX’s development activity also went southward last week, which is a negative signal. Positive sentiments around seemed to have declined last week, suggesting less faith among investors in the token. Additionally, TRX’s one-week price volatility was also down, minimizing the chances of a sudden price uptick.Subscribe to get it daily in your inbox.

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