TRON (TRX) Price Primed for a Bullish Rally as the Network Outpaces Rivals

The Tron Network has recorded increased transaction volumes compared to rival networks in recent months. Recent events like the decline of the TON network after blistering inflows led to this trend.

Recent data from CryptoQuant shows that the Tron (TRX) network has outperformed other major blockchains in terms of transaction volumes over the last three months.

According to the report, the Tron network processed a total of $182 million, $167 million, and $135 million in monthly volumes during October, November, and December, respectively. These figures are significantly higher compared to other networks such as Bitcoin, Ethereum, and EOS, which recorded volumes ranging from $30 million to $60 million during the same period.

The report attributes the Tron network's impressive performance to its efficiency and low cost, which have made it popular among retail users. Additionally, institutional interest in Tron has also played a role, with large inflows contributing to more market transactions.

notably, the decline of the TON network enabled Tron to secure the top spot, especially considering Tether's activity. In previous months, Telegram-based games took over the ecosystem, making the network a primary beneficiary.

However, recent trends show that the network’s inflows began to decline as momentum shifted to other chains. Another factor driving bullish activity is the Tron's USDT volume, which comes as retail crypto traders are seen cashing in on the market rally.

TRX price surged to new highs amid huge inflows, indicating massive community activities. The asset’s price rise was linked to its transaction volumes, and gains were seen in wider crypto events. The United States election was a major driver of crypto prices this quarter, and after the polls, the asset hit a new all-time high above $0.45 before sharply declining

It's worth noting that Justin Sun's announcement of a $30 million investment in Donald Trump's World Liberty Finance also brought attention to the TRX price performance. However, the broader market crash saw the asset record a 40% correction, despite the bull signal indicated by on-chain data.

A custom indicator that combines RSI and MACD, as highlighted by CryptoQuant, shows that TRX is moving out of the overbought zone, indicating more bull activity with healthier conditions from investors. Ahead of next year’s projected rally, institutional investors are seen repositioning assets and whales ramping up tokens, as previously reported byめにゅーすBTC.

“The next steps are crucial. If we see an “oversold” signal in the coming days, it could present a solid buying opportunity for those aiming to capitalize on the continuation of Tron's bullish momentum. For now, patience is key. Monitoring this custom indicator and staying updated on market trends will be vital to identifying the right moment to re-enter Tron,” the report concludes.