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As many of our readers may already know, in the last week, Tron (TRX) has increased, with the currency gaining up to 40% in value among the downward market conditions (to say the least).
That said, the market as a whole seems to be in trouble at the moment even if the recent BCH saga finally came to an end. At present, the so-called "hash war" between BCH SV and BCH ABC has been completed (with BCH ABC, which obtained the supremacy on the BCH SV network).
Finally, it is worth noting that in the midst of all this confusion, Tron was able to overcome its competitors and recover about twice the value of premier assets such as Ethereum, Bitcoin Cash and EOS. To deepen the question, during the last 24 hours, TRX rose by more than 22% – only to be followed by other altcoins such as Cardano and Stellar (which increased by 10% and 9% respectively).
TRX is shaking right now
Speaking of the extraordinary run that the TRX / USD pair has had in the recent past, we can see that the currency has recently detected a relative maximum of $ 0.019 a few days ago (November 28). However, since then, the value of the TRX / USD has slipped a bit (with many analysts claiming that the pair will eventually stabilize around the $ 0.014 sign).
Finally, it is worth noting that Tron has had a "long history of strong downward correction" after exceeding his upward targets. For example, at the beginning of August, when the TRON foundation released its native TVM module, the price of the TRX increased by around 10%. However, as soon as the hype ran out, the price of TRX dropped by a whopping 24% (within a few days).
Further information on the protocol update
The periodic newsletter of Via Tron, founder of the company and independent cryptic, Justin Sun said that despite all the negative market pressures faced by investors, the deployment of decentralized applications on the blockchain Tron has increased in the last month. He went on to say that even the volume of Tron's daily transactions reached new peaks recently.
"TRON's official DEX also saw strong growth with a daily transaction volume of over 100 million TRXs. Based on the Bancor protocol, DEX receives many token listings every day."
The latest Tron Odyssey-v3.2 protocol update was designed to help customers minimize the various costs currently associated with the execution of smart contracts. Not only that, v3.2 also aims to solve many of the problems of synchronization between peers that currently exist within the company's blockchain ecosystem.
In this regard, a post on GitHub says:
"This version improves the synchronization performance of SolidityNode blocks by disabling the index.If the SolidityNode synchronization lock is slow, you can use this version, greatly increasing block synchronization.Otherwise, you do not need to upgrade this version. "
Final take
As mentioned earlier, Tron is still quite susceptible to broader downward corrections, especially since the altcoin is in a "fake unlock zone" (like a plethora of other different altcoins). It remains to be seen how the future of TRX will evolve from here to the end.
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