TRX price surges by 10% as Tron celebrates hitting 90M accounts

Tron Network is attracting more users as it prepares to release its Algorithmic stablecoin. Tron (TRX) price shot up by over 10% after an announcement that the Tron network had reached 90 million opened accounts. At the time of writing, TRX price had pulled back and it was up by about 5% over the past The post TRX price surges by 10% as Tron celebrates hitting 90M accounts appeared first on Invezz.

Timeline of Tron

The TRON (TRX) token jumped as much as 10% on Monday after the number of accounts on the blockchain crossed a record 90 million. The Tron Ecosystem also largely outperformed the broader crypto market over the past week, as majors such as Bitcoin (BTC) and Ethereum (ETH) declined.

The success of a network within the blockchain ecosystem is largely dependent of its ability to float successful projects. In the past few weeks, the Tron Network made a few announcements intimating investors and enthusiasts alike on the plans and projects of the network.

TRX price gradually rises in a parallel channel pattern, where the current bear cycle discounted the coin by 17% and plunged below $0.067 support. Today, the TRX price is up by 5% in an attempt to regain its support.

 TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years.