Tron Network is Getting Ready for a New Update: Will TRX Rise Continue?

  • As we enter the third quarter of the year, the Tron (TRX) network is once again preparing for an exciting update.
  • Tron is preparing for the announced important Great Voyage – v4.7.2 (Periander) update.
  • This latest update will bring significant improvements in four key areas within the Tron MainNet.

The Tron network is preparing for the update expected to take place on July 11th; Current data shows an increase in activity and participation in the Tron network.

Tron is Preparing for the Periander Update

tron-trx (1)
As we enter the third quarter of the year, the Tron (TRX) network is once again preparing for an exciting update. During this continuous development, the network has had impressive activity and TRX is on a remarkable journey. Tron is preparing for the announced important Great Voyage – v4.7.2 (Periander) update.

This latest update will bring significant improvements in four key areas within the Tron MainNet. Enhanced Stake 2.0 mechanism, seamless compatibility with EIP-3855, a smoother smart contract invocation interface, and a renewed P2P network module.

In addition, Tron MainNet Periander also offers two key management proposals for Tron Stake 2.0, providing users with a more flexible staking experience. The first proposal will allow users to withdraw their ongoing unstaking requests.

Furthermore, the second proposal allows users to personalize the lock-up period for delegated resources and take control of them. Additionally, this expected update is planned to take place around July 11th.

Promising developments for Tron have been seen in recent weeks, as evidenced by data from DefiLlama:

tron-metrics

After experiencing a decline in June, Tron’s Total Value Locked (TVL) value showed a slight increase. At the time of writing this article, TVL is seen at the level of 5.65 billion dollars.

Another notable development was a significant growth in Tron’s user base, especially among new users. At the time of writing, there were approximately 1.7 million users on the platform, with nearly 45,000 of them being returning users. Additionally, the trading volume increased and exceeded 4.6 million dollars in the last 24 hours. This high level of activity demonstrates the vitality and participation in the Tron ecosystem.

TRX Maintains Bullish Trend

TRX is showing signs of a strong comeback on the daily timeframe after a decline in June. At the time of writing, it gained 0.4% trading at approximately $0.0778. This revival indicated renewed interest and further growth potential.

The Relative Strength Index (RSI) also painted a positive picture by staying above the neutral line. This indicates that the trend is still bullish and investor sentiment supports TRX’s rise.

The short-term Moving Average serves as a support level at around $0.074, providing protection against possible pullbacks. This support and the ongoing uptrend strengthen the likelihood of TRX’s price continuing to rise.

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Merritt Vale
Merritt Valehttps://en.coinotag.com/
Merritt Vale is a 24-year-old woman who has a strong affinity for the Dogecoin community and has a particular love for the altcoin Shiba. With a passion for understanding the latest trends and developments in the cryptocurrency industry, Merritt provides fresh perspectives and valuable insights to her readers.
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