{"id":510848,"date":"2022-12-02T03:30:11","date_gmt":"2022-12-02T08:30:11","guid":{"rendered":"https:\/\/wncen.com\/?p=510848"},"modified":"2022-12-02T02:27:30","modified_gmt":"2022-12-02T07:27:30","slug":"tron-adds-1-75-million-new-addresses-in-last-7-days-as-trx-regains-previous-losses","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-adds-1-75-million-new-addresses-in-last-7-days-as-trx-regains-previous-losses\/","title":{"rendered":"Tron Adds 1.75 Million New Addresses In Last 7 Days As TRX Regains Previous Losses"},"content":{"rendered":"

TRON (TRX) took a heavy hit during the first half of November following unfortunate events such as the implosion of FTX, an exchange that was once considered the third largest in the world.<\/span><\/p>\n

According to data provided by <\/span>Coingecko<\/span><\/a>, from its $0.064 price on November 6, TRX went on a steady decline until it plummeted to $0.046 on November 14.<\/span><\/p>\n

After that, the cryptocurrency managed to stage a rebound and continues to do a relatively good job at recovering its losses.<\/span><\/p>\n

In fact, at the time of this writing, TRON has managed to tally a 19% jump from its November low, trading at $0.054.<\/span><\/p>\n

Over the last two weeks, the digital asset seems to have found its groove as it continues to shake off the negative effects of both the crypto winter and the <\/span>FTX collapse<\/span><\/a>.<\/span><\/p>\n

Related Reading: Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resistance<\/a><\/div>\n

Tron Report Reveals Project Capable of Attracting More Users<\/b><\/h2>\n

As another week came to a close, Tron blockchain, via Twitter, shared some important data pertaining to its performance for its community.<\/span><\/p>\n

According to <\/span>TRON DAO\u2019s post<\/span><\/a>, the project managed to add 1.75 million new addresses within the last seven days, pushing its total tally to 123.3 million accounts.<\/span><\/p>\n

\n

\ud83d\udce2#TRON<\/a> Weekly Report 11.21 – 11.27<\/p>\n

\u2705#TRON<\/a> blockchain height exceeded 46.23 million.
\n\u2705The total number of accounts on #TRON<\/a> reached 123,377,790.
\n\u2705The total number of transactions on #TRON<\/a> reached 4.28 billion.
\n\u2705The #TVL<\/a> on #TRON<\/a> reached $9.4 billion.https:\/\/t.co\/29s3o8NKuH<\/a><\/p>\n

\u2014 TRON DAO (@trondao) November 30, 2022<\/a><\/p><\/blockquote>\n

Also, during the same period, the total number of transactions facilitated on the blockchain network reached 4.28 billion.<\/span><\/p>\n

In terms of total value locked (TVL), from November 21 to 27, the project was able to hit the $9.4 billion mark after registering an increase of roughly $400 million. Meanwhile, the Tron blockchain height surpassed 46.23 million during the same timeframe.<\/span><\/p>\n

The data, according to Tron, seems to prove that given the right conditions, the project is capable of enticing millions of <\/span>new users to join its ecosystem<\/span><\/a>. It also indicates there are still many individuals that believe in the blockchain\u2019s potential.<\/span><\/p>\n

3 Main Problems TRX Is Facing<\/b><\/h2>\n

Although it is hovering around the $0.054 at the moment, TRON is not yet out of the woods as there are still <\/span>challenges<\/span><\/a> that could cause it to plummet once again.<\/span><\/p>\n

According to some experts, the cryptocurrency is left to deal with the fact that many people lost their faith in the digital asset class following the collapse of the FTX exchange platform which filed for Chapter 11 Bankruptcy on November 11.<\/span><\/p>\n

TRX is also facing fierce competition from projects such as BitGert (BRISE) and Centrex (CENX) which are, according to experts, having better adoption numbers when compared to the Tron token.<\/span><\/p>\n

Finally, within the last few weeks, there has been an apparent instability within Tron network as investors panicked when USDD (the project\u2019s algorithmic stablecoin) lost its peg to the US dollar.<\/span><\/p>\n

These could trigger another price dump for the crypto asset, therefore investors and prospective buyers are advised to keep an eye on these to help them with their decision making.<\/span><\/p>\n

Related Reading: Huobi Token Breaches $7 Marker Following Update On This Planned Coin Unveiling<\/a><\/div>\n

<\/p>\n

TRX total market cap at $5 billion on the daily chart | Featured image from Car and Driver, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
TRON (TRX) took a heavy hit during the first half of November following unfortunate events such as the implosion of FTX, an exchange that was once considered the third largest in the world. According to data provided by Coingecko, from its $0.064 price on November 6, TRX went on a steady decline until it plummeted to $0.046 on November 14. After that, the cryptocurrency managed to stage a rebound and continues to do a relatively good job at recovering its losses. In fact, at the time of this writing, TRON has managed to tally a 19% jump from its November low, trading at $0.054. Over the last two weeks, the digital asset seems to have found its groove as it continues to shake off the negative effects of both the crypto winter and the FTX collapse. Related Reading: Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resistance Tron Report Reveals Project Capable of Attracting More Users As another week came to a close, Tron blockchain, via Twitter, shared some important data pertaining to its performance for its community. According to TRON DAO\u2019s post, the project managed to add 1.75 million new addresses within the last seven days, pushing its total tally to 123.3 million accounts. \ud83d\udce2#TRON Weekly Report 11.21 – 11.27 \u2705#TRON blockchain height exceeded 46.23 million. \u2705The total number of accounts on #TRON reached 123,377,790. \u2705The total number of transactions on #TRON reached 4.28 billion. \u2705The #TVL on #TRON reached $9.4 billion.https:\/\/t.co\/29s3o8NKuH \u2014 TRON DAO (@trondao) November 30, 2022 Also, during the same period, the total number of transactions facilitated on the blockchain network reached 4.28 billion. In terms of total value locked (TVL), from November 21 to 27, the project was able to hit the $9.4 billion mark after registering an increase of roughly $400 million. Meanwhile, the Tron blockchain height surpassed 46.23 million during the same timeframe. The data, according to Tron, seems to prove that given the right conditions, the project is capable of enticing millions of new users to join its ecosystem. It also indicates there are still many individuals that believe in the blockchain\u2019s potential. 3 Main Problems TRX Is Facing Although it is hovering around the $0.054 at the moment, TRON is not yet out of the woods as there are still challenges that could cause it to plummet once again. According to some experts, the cryptocurrency is left to deal with the fact that many people lost their faith in the digital asset class following the collapse of the FTX exchange platform which filed for Chapter 11 Bankruptcy on November 11. TRX is also facing fierce competition from projects such as BitGert (BRISE) and Centrex (CENX) which are, according to experts, having better adoption numbers when compared to the Tron token. Finally, within the last few weeks, there has been an apparent instability within Tron network as investors panicked when USDD (the project\u2019s algorithmic stablecoin) lost its peg to the US dollar. These could trigger another price dump for the crypto asset, therefore investors and prospective buyers are advised to keep an eye on these to help them with their decision making. Related Reading: Huobi Token Breaches $7 Marker Following Update On This Planned Coin Unveiling TRX total market cap at $5 billion on the daily chart | Featured image from Car and Driver, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":510850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1020,6664,1558,15385,11808,11993],"class_list":["post-510848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-blockchain","tag-crypto","tag-cryptocurrency","tag-digital-asset","tag-tron","tag-trx"],"acf":[],"yoast_head":"\nTron Adds 1.75M New Addresses In Last 7 Days As TRX Rebounds<\/title>\n<meta name=\"description\" content=\"Over the last two weeks, Tron seems to have found its groove as it continues to shake off the 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tron Adds 1.75 Million New Addresses In Last 7 Days As TRX Regains Previous Losses","url":"http:\/\/wncen.com\/news\/tron-adds-1-75-million-new-addresses-in-last-7-days-as-trx-regains-previous-losses\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tron-adds-1-75-million-new-addresses-in-last-7-days-as-trx-regains-previous-losses\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Tron.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Tron.png?fit=758%2C493"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","blockchain","crypto","cryptocurrency","digital asset","tron","trx"],"dateCreated":"2022-12-02T08:30:11Z","datePublished":"2022-12-02T08:30:11Z","dateModified":"2022-12-02T08:30:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tron Adds 1.75 Million New Addresses In Last 7 Days As TRX Regains Previous Losses\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-adds-1-75-million-new-addresses-in-last-7-days-as-trx-regains-previous-losses\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-adds-1-75-million-new-addresses-in-last-7-days-as-trx-regains-previous-losses\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Tron.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Tron.png?fit=758%2C493\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"blockchain\",\"crypto\",\"cryptocurrency\",\"digital asset\",\"tron\",\"trx\"],\"dateCreated\":\"2022-12-02T08:30:11Z\",\"datePublished\":\"2022-12-02T08:30:11Z\",\"dateModified\":\"2022-12-02T08:30:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Tron.png?fit=758%2C493","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/510848"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=510848"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/510848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/510850"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=510848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=510848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=510848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}