TRON Rallies While Market Dips: Here's Why TRX Is Up
The cryptocurrency market has faced a dip over the last few days as fresh volatility has entered the market. The rise in volatility could be due to the upcoming Federal Reserve announcement on the US monetary policy. While the market is slowing down, TRON (TRX) is seeing rallies across all time frames. The asset is up 3.4% in the daily charts, 6.9% in the weekly charts, 12.3% in the 14-day charts, 22.1% over the previous month, and 146% since July 2024, as per CoinGecko’s TRON statistics. What’s Pushing TRX? Source: CryptoRank TRON (TRX) has seen some healthy rallies over the last few days. The latest upswing comes amid a market-wide pullback. TRX’s upward momentum could be due to the recent rise in stablecoin popularity. According to cryptocurrency Analysis firm CryptoQuant, TRX’s upswing is likely due to USDT dominance and DeFi momentum on the network. TRON’s network activity has hit a multi-year high. The network registered 273 million transactions in M...