The total number of accounts on the blockchain has hit a new milestone of 100 million. The team at Tron DAO highlighted the milestone through the tweet below which also pointed out that Tron was ‘the world’s fastest growing public chain with 3.4 billion transactions, millions of daily active users and continuous daily new accounts every day.’
??Congratulations!!! 's total accounts exceeded 100 million! Milestone achieved!
is the world’s fastest-growing public chain with 3.4 billion transactions, millions of DAU, and continuous daily new accounts every day.
??Thanks for all the support from #TRONICSpic.twitter.com/GW4n6E6hSm
— TRON DAO (@trondao) June 25, 2022
100 Million Users is Just a Beginning of Tron’s Mass Adoption – Justin Sun
Similarly, the project’s founder and former CEO, Justin Sun, celebrated the event by stating that 100 million users was just the beginning of the project’s mass adoption journey. He
total users just surpassed 100 million.
It is just a beginning of our mass adoption journey! Always remember there are 7 billion people on this planet!
Tron Celebrates its 4th Anniversary as an Independent Blockchain.
Also today, the Tron project and community celebrated its fourth Anniversary as an independent chain after migrating from Ethereum on June 25th, 2018. The Tron DAO team marked the event by tweeting a 2018 quote from Justin Sun saying, ‘ Tron is founded on a community of active users who should have their voices heard.’
??Celebrating the 4-year anniversary of independence day!
is founded on a community of active users who should have their voices heard,” said @justinsuntron, the founder of , on the launch of mainnet.
??Thanks #TRONICS ??Keep #BUIDLing#TronStrongpic.twitter.com/svHM0GTRdX
— TRON DAO (@trondao) June 25, 2022
The Price of Tron Continues to Benefit from Purchases of TRX by the TRON DAO Reserve.
With respect to value, Tron has benefited from the continual purchases of TRX by the Tron DAO reserve ‘to safeguard the overall blockchain industry and crypto market.’ The most recent purchase of $10 million worth of USDD and TRX was made earlier today as seen in the following tweet.
To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have purchased $10,000,000 as reserve.
— TRON DAO Reserve (@trondaoreserve) June 25, 2022
The purchases by the Tron DAO reserve have been a way of preventing short sellers from pushing down the price of TRX and that of USDD. The impact of the purchases of TRX by the Tron DAO reserve can be seen in the following daily chart.
Also, from the chart, it can be concluded that the future price of TRX cannot be easily forecasted.
To begin with, the daily MACD is about to cross in a bullish manner below the baseline. Secondly, the daily MFI and RSI are in neutral territory of 45 and 42, respectively. Thirdly, Tron is about to experience a death cross with the 50-day moving average (white) and the 200-day moving average (green). Fourthly, Tron’s trade volume is also reducing, hinting at a bearish future for TRX.
Therefore, caution is advised when trading TRX, given the conflicting events of the Tron DAO Reserve’s mission to keep buying the digital asset and the bearish environment highlighted by some of the indicators on the daily chart.
