TRON (TRX) confirms the tenth place on CoinMarketCap amid volatility and growth in volume

Tron (TRX) maintains the tenth position among cryptocurrencies by market capitalization, despite the recent downturn in the sector. The cryptocurrency market has experienced a decline of 7.90%, dropping from $3.56 trillion to $3.25 trillion, with Bitcoin and Ethereum dragging the sentiment into bear territory.  

Tron (TRX) withstands the market correction

Currently, Tron (TRX) is being traded at $0.2304, registering a decrease of 4.52% in the last 24 hours. Its market capitalization is $21.89 billion, also down by the same percentage. However, its trading volume has increased by 99.75%, reaching $835.72 million.  

The fully diluted valuation (FDV) of TRX is $21.89 billion, with a volume/market capitalization ratio of 3.8%. This increase in volume indicates intense trading activity, suggesting a possible renewed interest from investors.

Robust network activity despite volatility  

Despite the price drop, Tron recorded a growth in network activity, with as many as 2.94 million active addresses on March 4th, the highest number in the last two months. This data highlights a strong usage of the network, which is crucial for determining its long-term solidity.  

The analysts emphasize that surpassing a key resistance could trigger a significant price increase. However, several technical indicators show conflicting signals, suggesting a period of stabilization. This consolidation could represent a solid foundation for future increases in value.  

Price Predictions for TRX (Tron)

The current short-term forecasts see Tron oscillating between $0.2396 and $0.3664 in the coming months, with a potential 51% upside. The more optimistic analysts predict that, in the next bull cycle, TRX could reach $1, considering that in the past it has recorded spikes of 200-300%.  

Looking at the long term, estimates for 2030 predict an average value of $2.12, with possible fluctuations between $2.06 and $2.43. However, other more conservative forecasts estimate a 5% increase, which would bring TRX to about $0.2963.  

What is needed to fuel the growth of TRX?  

To reach these price levels, Tron will need to maintain constant buying pressure and overcome significant technical resistances. The strong involvement of the community and the increase in network adoption could be key elements to support a lasting bull trend.  

Despite the market volatility, Tron continues to demonstrate a remarkable resilience, with solid network activity and a growing trading volume. The price forecasts show possible bull scenarios, but everything will depend on the ability to overcome key resistances and maintain strong support from investors.  

TRX remains an important entity in the cryptocurrency sector, and its future will depend on the evolution of the market and the adoption of its technology.