The crypto market saw a resurgence last week, with Tron (TRX) quietly achieving a significant milestone. According to Burakkesmeci, an analyst for market intelligence platform, CryptoQuant, all TRX investors, regardless of their investment duration, have now entered profitability.
TRX Investors Enjoying Profits
Burakkesmeci revealed that investor sentiment for TRX turned positive as the coin recorded a yearly gain of 115%. This journey began on May 5, when TRX surged to $0.25, pushing all investor groups, from long-term to short-term, into profitability.
Investors who held TRX for durations ranging from one week to one year all experienced profits. This development is critical for market sentiment and the dynamics of the network because it reflects the level of investor confidence in Tron’s future.
As of May 15, investors who held TRX for one week witnessed a 10% profit, while those who held it for a month saw a 6% profit. Three-month investors enjoyed an 11% profit, while six-month and one-year investors recorded gains of 52% and 115% respectively. Burakkesmeci emphasized that short-term investors in profit fuel a positive market sentiment.
“These investors are likely to share their success experiences, potentially attracting new investors to Tron and creating a feedback loop of increasing demand and momentum,” he noted.
On May 16, TRX was valued at $0.272 after a significant, yet volatile, price movement in the past week.
Tron Achieves Greater Security and Reliability
Besides the recent profitability milestone, the Tron network has improved its reliability and security, consistently hitting an average of 99.7% of the anticipated 28,800 daily blocks. Tron has evolved from 2020 to 2021, moving past network instability and disrupting block outputs.
A recent CryptoQuant report indicated that Tron is now experiencing a steady increase in production efficiency.
“The absence of major fluctuations in block production signifies a maturing network with robust governance and operational performance, reinforcing TRON’s credibility as a high-throughput blockchain platform,” CryptoQuant noted.
In another significant development, the Tether (USDT) supply on Tron recently exceeded that on Ethereum for the first time in crypto history.
