Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre

Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica. The 16th largest cryptocurrency in terms of market capitalization successfully replicated Bitcoin’s feat when it became a legally accepted tender within the territories of El Salvador. Related Reading: Litecoin Registers Over $1 Million In Whale Transactions For 2022 – Good News For LTC? TRX price slightly corrects after surging following announcement of becoming legal tender in the Commonwealth of Dominica Coin currently trades at $0.0616 Tron Protocol’s TVL drops to $1.25 billion Shortly after such momentous development, Tron witnessed a mini price rally as it traded at $0.0646 on October 15. The asset, however, is once again experiencing price correction as it failed to capitalize on its gains, going back to its downward trend that’s been going on for the past few weeks. At press time, according to data from Coingecko, TRX is trading at $0.0616. While the asset is on a decline, it managed to keep its losses at minimal levels. Tron Network Reaches Milestone Data shared by TRONSCAN showed TRX’s network users reached 117 million. The figure is the highest yet for the project but was of no help to push trading prices to higher levels. Stakers continue to show their support and stand behind Tron. Over the last 30 days, there was an increase of 1.17% on the number of present stakers for the pro...