Has TRX's transaction speed put bears and bulls in a fix? The answer may lie in these

Blockchains have often been compared to each other for how fast they can process a transaction, as it is a factor that helps in understanding the capabilities of a blockchain. Tron TRX recently topped the list of blockchains in terms of transaction speed.

Timeline of Tron

As per a tweet shared by Wu Blockchain, Justin Tron may soon initiate mass layoffs in his newly acquired exchange Huobi. Wu further shared how Huobi's CEO and CFO have already submitted their resignations to Justin Tron.

A major update came in for Tron (TRX) recently as Binance, one of the world's largest crypto-exchanges, announced that it would support TRX staking on its platform from 27 October. Thanks to this update, users can not only stake, but also earn up to 6.1% annual percentage yield at launch.

TRX investors might be growing more accustomed to lackluster performance as has been the case in the last few days. Nevertheless, the Tron blockchain continues to demonstrate strong pursuit for growth and expansion.

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.

Tron [TRX], the cryptocurrency currently ranked 14th in terms of market cap, was in the news recently for its collaboration with the Dominican government. Capitalizing on the hype, the number of accounts on the Tron network continued to grow.

The cryptocurrency market cap saw net outflows of $9.1 billion since the last wMarket report. The post CryptoSlate Daily wMarket Update – Oct. 20: TRON leads top 10 in continued sluggish market appeared first on CryptoSlate.

The cryptocurrency market cap saw net outflows of $12.64 billion since the last wMarket report. The post CryptoSlate Daily wMarket Update – Oct. 18: Re-surging TRON holds steady as other large caps see losses appeared first on CryptoSlate.

Tron [TRX] recently made headlines as it became the official blockchain of the Republic of Dominica. This news coupled with other positive developments happened to boost TRX's price in the days that follow.

Tron price has remained relatively unchanged over the last 24 hours. The smart contracts token dodders at $0.0625 on Tuesday. A bullish breakout may occur if TRX manages to stay above the support at $0.0620. With an ascending triangle pattern waiting for validation on the four-hour chart, Tron price may complete a 10% move from its current market value to $0.0685.

Despite the overall bearish sentiment dominating the cryptocurrency market and most of its assets struggling to stay in the green zone, one of them is breaking a record – the period of time spent in a state of deflation.