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TRON Takes the Lead in Crypto Fees: Can TRX Hit $0.40 in April?
In a recent turn of events, TRON has surged ahead to take the lead in crypto fees, leaving other major platforms in its dust. The surge is attributed to the network’s impressive growth in transaction volume and increased adoption.
As the blockchain continues to show remarkable progress, investors are left wondering if TRX can reach $0.40 by April. To answer this question, let’s dive into the recent data and market trends.
Market Analysis
TRON has seen an unprecedented surge in fees, outpacing both Ethereum and Solana. The network has generated a staggering $53.16 million last month, surpassing its competitors’ performance.
In addition to this impressive figure, the blockchain is experiencing immense growth with active users exceeding 290 million, as well as a daily average of 1.5 million active users. This tremendous growth is not limited to just user adoption but also includes an 8.5% increase in transaction volume.
Whale Accumulation
Recent data suggests that there has been a significant increase in whale transactions, amounting to a whopping 12% monthly gain. Such institutional participation can significantly impact the market’s trajectory.
The increasing network fees on TRON are indicative of substantial and sustained growth within the ecosystem. This is reflected in the blockchain’s social engagement which has increased by an impressive 7.2%.
Source: https://coinpedia.org/price-analysis/will-tron-trx-hit-0-40/
