TRON is the only altcoin profitable in the top 15 since June 2021

After unexpectedly making headlines over the past few weeks, TRON (TRX) has failed to mark another significant move in the current bear market. However, this token is currently very trusted. While holders of the other top 20 cryptocurrencies are suffering losses, TRX holders are enjoying profits at the moment.

Observing YTD changes in price action, TRON is the only cryptocurrency among the top 15 tokens with a definite return at the moment. The price has increased 4.59% since June 2021, while no other asset on the list has seen such notable growth.

Bitcoin fell 37.75%, while ETH lost 53%. Even SOL, which was the bright spot of 2021, lost nearly 80% of its value.

What’s more, 2022 turned out to be quite successful for TRON, as the token even knocked SHIB out of the top 15 assets list. The token has surpassed the coin meme in terms of market capitalization by a significant margin, and the current value of all TRON is over $7.4 billion.

But even so, TRX is still struggling to reach the $0.1 range it last touched in November 2021. Despite the price being nearly 60% higher in the past 2 months, TRX has yet to return to the $0.1 range and slide to $0.08 at press time.

Regardless of its performance, the asset gains enthusiastic support from investors as they are not only present but also actively participating in the network, thus driving the token’s growth.

With over 1.6 million regular on-chain active users, TRX is executing over 5.1 million transactions per day. Such an upbeat trend started in early October 2021, when the network was processing almost 2 million transactions.

Furthermore, most of the activity took place in the last month, so the sudden growth also leaves investors vulnerable to losses due to price changes, as is evident in TRON’s high volatility.

As of April 2022, the average monthly volatility is also significantly higher. This will make it very difficult for TRX to reach $0.1.

Despite that, investors are satisfied so far as it is delivering much better returns than any of its competitors.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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