CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2024-12-03 10:52:51

TRON’s market cap surpassed $20b, marking a new milestone

TRON’s market value reached a new all-time high as the whale accumulation strengthened. TRON ( TRX ) rose by 16% in the past 24 hours and is trading at $0.236 at the time of writing. Its market cap surged to an ATH of $20.4 billion as the broader crypto market gained upward momentum. Source: crypto.news TRX’s daily trading volume also doubled to $2.3 billion. The TRON price rally comes amid increased whale activity around the asset. According to data provided by IntoTheBlock, large transactions consisting of at least $100,000 worth of TRX rose from 244 to 722 on Monday, Dec. 2. Source: IntoTheBlock You might also like: IOTA surges over 45% as voting on Rebased upgrade goes live The total value of these transactions reached $432 million, ITB data shows. Moreover, large holders accumulated over 76 million TRX yesterday. Spikes in whale activity usually create FOMO (fear of missing out) among retail investors, potentially increasing the buying pressure. This would put TRX in a fairly good position for a short-term price hike. However, increased whale activity and trading volume could mean high price volatility. On the other hand, the TRON exchange net inflows have also shifted from a net outflow of 104 million TRX to a net inflow of 81 million TRX between Nov. 30 and Dec. 2, per data from ITB. The sudden shift suggests that investors are preparing to take short-term profits. Any whale selloff at this point could trigger FUD (fear, uncertainty and doubt) among retail holders, causing an increased selling pressure. Notably, crypto.news data shows that the TRX Relative Strength Index is also hovering above the 70 mark. The indicator suggests that the asset is slightly overbought at this price point. Read more: Coinbase withdraws pre-application to enter Turkish market

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta