- Tron’s network performance is superior to BNB.
- BNB as well as TRX both saw consistent social activity.
Tron [TRX] Recently outperformed Binance Smart Chain In terms of activity in the past few weeks. As of the press release, BSC was surpassed in terms of Daily Active Addresses by the former.
Binance Smart Chain had a total of 1.6 Million users.
The increased activity of the Tron Network indicates a growing level of user adoption and engagement, which could enhance the overall viability of the Tron ecosystem.
It can boost confidence in users and other stakeholders and encourage them to adopt and use Tron’s Blockchain infrastructure.
Price still unchanged
TRX price did not grow much despite the surge of activity in the network. In the last week, TRX’s price has fallen by 4.14 percent. TRX traded at $0.132 as of the time of publication.
The asset may be approaching an oversold condition, which could indicate that there was excessive selling pressure. This could lead to the reversal of the downward trend.
Tron’s CMF grew to 0.11 in this time period. CMF increases indicate a greater buying pressure than selling pressure.
As such, the TRX market was showing an increase in interest at time of press, possibly signaling that a short-term bullish trend is possible.
BNB’s price grew by 8 percent in just 24 hours, while TRX was struggling to find traction. BNB traded at $574.22 according to the most recent update.
BNB’s On Balance Volume (OBV), has seen a significant increase over the past few days. It indicates strong purchasing pressure.
The Relative Strength Index, or RSI, for BNB, was 78.82. This indicates that BNB may have been overbought as of press time. Therefore, traders should exercise caution.
What are the costs? 1,10,100 TRXs worth today?
The social front
The social activity volume of both BNB (Berlin) and TRX (Turkey) has been consistent in the last couple days.
The sentiments, however, had declined, suggesting a negative outlook on social issues for both tokens.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com