Justin Sun's Tron (TRX) Network Increase In Transactions Fuels Its Native Coin

As the dominance of Bitcoin (BTC) in the cryptocurrency markets reduces, more traders are seeking alternative altcoin investments

Justin Sun's Tron (TRX) has seen increased trading volume, thanks to increased meme coin trading on the network. Correspondingly, the price and market capitalization of its native altcoin have also increased. Meanwhile, ETFSwap (ETFS), utilizing this rise in liquidity, is well-prepared to handle the performance of ETFs with cryptocurrency holdings.

Tron's (TRX) Network Increase In Transactions Fuels Its Native Coin

As the dominance of Bitcoin (BTC) in the cryptocurrency markets reduces, more traders are seeking alternative altcoin investments, especially meme coins. The surge in meme coin trading has increased trading activity on other blockchain platforms. One of these platforms, the Tron (TRX) network, recently recorded a significant increase in transactions since June.

On August 19th, Tron (TRX) saw a 49% increase in its 24-hour trading volume, with transactions totaling $352 million. According to data from TradingView, Tron's (TRX) market capitalization currently stands at $11.9 billion. The rise in the value of the native token, Tron (TRX), is ascribed to the increase in the token's demand for transaction fees for transferring meme coins, swapping meme coins, and interacting with smart contracts on the platform.

In an X (formerly Twitter) post, Justin Sun, founder of Tron (TRX), highlighted that the altcoin outperforms all cryptocurrencies due to meme coins trading activity. As more meme coins are launched and traded on the Tron (TRX) network, the need for its native coin increases. As such, analysts and traders see a potential price appreciation for Tron (TRX) which, in turn, boosts positive market sentiment for traders and trading volume on the token; thus, exerting more upward pressure on the price of Tron (TRX).

It is also worth noting that the surge in the price of Tron (TRX) is beneficial only in the short term. If the trend of meme coin trading fades, the token’s trading volume may decrease due to reduced interest from traders.

ETFSwap (ETFS) Is The Top Choice For Crypto Investors

ETFSwap (ETFS) is an innovative approach to traditional markets, creating a decentralized protocol for access to institutional ETFs. By adopting and integrating the technology into its platform, ETFSwap (ETFS) aims to set new standards for the majority of the new wave of investors — institutional and retail investors.

The platform’s accessibility and transparency are crucial, attracting investors to ETFSwap (ETFS). Compared to traditional markets that impose high fees and a minimum investment capital, ETFSwap (ETFS) breaks these limiting barriers by requiring no additional costs or minimum trading capital for users on the platform. To further enhance accessibility, ETFSwap (ETFS) simplifies the swapping and managing of ETFs with its user-friendly interface. For professional investors and newcomers, it provides AI-advanced tools and educational resources to help streamline decisions that make investing on the platform easy.

Traders on ETFSwap (ETFS) can improve the quality of their trades with the platform's real-time data on ETF performance; it provides detailed insights into market movements and trading volume of underlying assets. With this feature, users on the platform can adapt their trades to fit the changing dynamic of the financial markets.

ETFSwap (ETFS) uses financial derivatives and significant leverage for leveraged ETFs to increase the returns of an underlying index or asset by up to 100 times.

Upholding its values and commitment to ensuring a safe and secure platform, a cybersecurity auditing firm, Cyberscope, found no significant security risks that could threaten ETFSwap (ETFS). Furthermore, the team completed KYC verification on July 10 by Solidproof, a smart contract security auditing firm.

Conclusion

With the launch of Spot Bitcoin ETFs and Spot Ethereum ETFs, the ETFSwap (ETFS) platform and its native token, ETFS, are gaining more attention from traders and investors. It has sold over 93 million units and raised over $2.95 million. Top analysts predict it will surge 645% soon. You can use the opportunity of a 40% discount and the token’s current discounted price of $0.01831 to accumulate more tokens in expectation of huge gains.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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