Tron Crypto Registers The Highest Dominance Spike Among Top Coins
The post Trcom. The Tron crypto is one of the coins to watch in the next few days. This is because the cryptocurrency has been receiving significant attention, especially as Bitcoin dominance cooled down and retreated below 60%. While the BTC dominance declined, TRX crypto experienced the highest dominance among the top cryptocurrencies. Its dominance jumped from a weekly low of 0. 76% on Tuesday to 0. 81% at the time of observation. This latest surge raised its dominance by roughly 12% from its October lows. TRX price traded at $0. 29 at press time after rallying by more than 5% from its weekly low. Despite this, its press time was still down by almost 2% from its opening price. Nevertheless, top rivals such as Bitcoin and Ethereum experienced a heavier downside, indicating that Tron crypto weathered the bearish storm much better than its counterparts. This outcome may have been influenced by the rising Tron crypto dominance. It may indicate higher levels of accumulation. Can Tron Crypto Maintain the Bullish Momentum Amid Rising Net Flows? TRX price has maintained an overall downtrend since the second half of August, as observed in its weekly time frame. However, the rising dominance may signal the start of a recovery wave. The Tron network’s inflows may also support this recovery. According to DeFiLlama, Tron’s net inflows clocked over $107 million this week, which marked a 12-week high. For reference, perps volumes amounted to $157. 14 million in the last 24 hours. This was the highest daily volume observed in more than 2 months. Tron’s rising perps volume and net inflows mirrored the rising network activity, which was also accompanied by a significant spike in.