TRON's Game-Changer: Is Gas-Free USDT the Future
TRON (TRX) is gaining attention with dynamic price movements, USDT dominance on its network, and a new Gas Free feature aimed at enhancing transaction accessibility and cost-efficiency.
Current Price and Market Performance:
TRON (TRX) is trading at $0.2367 with a 24-hour trading volume of $650.5 million.
The price increased by 0.25% in the last hour but dropped 5.73% since yesterday.
Circulating supply stands at over 86 billion TRX tokens.
USDT Dominance on Tron Network:
USDT holds $62.76 billion of the nearly $64 billion in stablecoins on the Tron network.
Competing stablecoins hold minimal market shares:
USDC: 0.06%
USDD: 1.15%
TUSD: 0.26%
USDJ: 0.01%
Since March 2024, other stablecoin supplies remained stagnant, while USDT continued to grow.
Daily on-chain volume of USDT on Tron ranges from $4 billion to $5 billion, peaking during high TRX price volatility.
14 million USDT transactions processed weekly, making up 69% of all USDT activity, up from 61% in January.
New Gas-Free Feature:
TRON founder Justin Sun announced commission-free USDT transfers on the Tron blockchain.
"Gas Free" feature eliminates the need for TRX tokens to cover gas fees.
Aims to restore Tron's reputation as a low-cost stablecoin network.
Previous gas fees on Tron ranged from $3.06 to $6.22, compared to Ethereum’s $0.14.
TRX Price Prediction for 2025:
Current price: around $0.2271 as of late February.
Potential breakout if TRX surpasses the resistance level of $0.2499.
Expected price range for 2025:
High: $0.403
Average: $0.336
Range: $0.269 to $0.403
Increased volatility with potential growth driven by the Gas Free feature and USDT activity on the network.
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