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In 2024, TRON (TRX) has emerged as a significant player in the crypto space, boasting impressive growth metrics that set the stage for what may come next in 2025.
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With TRON’s active addresses increasing by 64% and TRX’s price reaching an all-time high of $0.450, the network is experiencing robust adoption.
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“The growth in active addresses reaffirms the blockchain’s rising popularity,” stated an analyst from COINOTAG, highlighting TRON’s transformative impact in the DeFi sector.
This article explores the remarkable growth of TRON in 2024, assessing the implications for TRX and what the future may hold in 2025.
TRON Network’s Active Addresses Surge by 64% in 2024
According to CryptoQuant, the TRON network continues to witness substantial growth, evidenced by a 64% increase in active addresses since the beginning of the year. This surge highlights the growing adoption and interest in the TRON blockchain, even amidst fluctuations in the token price.
Source: CryptoQuant
This noteworthy growth is reflective of TRON’s expanding ecosystem, which has made it a preferred platform for decentralized applications (dApps). The strong increase in active addresses suggests that more users are participating in various platforms and services offered on the TRON blockchain, particularly in the fields of decentralized finance (DeFi) and non-fungible tokens (NFTs).
As the network’s reliable performance and scalability continue to attract developers and users, TRON’s growth trajectory positions it as a leading contender in the evolving crypto landscape.
Impact on TRX: A Mixed Outlook
In a typical market, the correlation between network growth and token price would suggest a potential rise for TRX. While the surge in active addresses is a positive indicator, the short-term price action has been less favorable. Following the notable rally spurred by the U.S. presidential elections, TRX struggled to maintain upward momentum and has found itself caught in a consolidation phase.
Current market sentiment also demonstrates caution among investors. According to COINOTAG’s analysis, recent bearish movements have led to negative sentiment surrounding TRX.
Source: Santiment
Feedback from Santiment indicates that the weighted sentiment has remained negative since early December, aligning with TRX’s drop and subsequent consolidation.
Source: Coinglass
Moreover, the recent weekly reports reveal that TRX’s netflows have been positive for two consecutive periods, highlighting an imbalance between inflows and outflows. This trend is indicative of mounting selling pressure facing the token.
Source: Coinglass
Investors’ prevailing sentiment indicates that many traders are opting for short positions, as the long/short ratio reflects a bearish outlook. This prevailing attitude could further affect TRX’s price dynamics if market conditions do not improve.
Conclusion
Overall, 2024 has been a landmark year for TRON and its native token, TRX. With significant increases in active addresses and historical price milestones, the network has successfully captured the attention of investors and users alike. However, as we transition into 2025, TRX’s ability to overcome current consolidation trends and persist in growth may heavily depend on broader market reactions and stakeholder confidence. For TRX to establish a more favorable price trajectory, it must break through key resistance levels, specifically the $0.3 mark. The markets remain cautious, and if bearish sentiment continues, TRX could face the risk of dropping below $0.2, underscoring the need for vigilant observation in the upcoming year.
