Tron's native asset TRX is expanding to Ethereum via BitTorrent Bridge, according to a tweet by founder Justin Sun. The move will boost Tron's liquidity on Ethereum and provide a contract address for Tron users utilizing TRX on Ethereum's blockchain. Tron's DeFi ecosystem is the second largest with over $5.6 billion in total value locked and over 2.9 million active users. TRX's price jumped 2% following the announcement, and Tron is an authority in DeFi with the second-largest total value locked after Ethereum.

The Tron network has seen a positive increase in the total number of accounts, which has exceeded 162 million as of May 26th. However, despite a surge in TRX's price by around 20%, the number of stakers and weighted sentiment have decreased over the last 30 days. The network has demonstrated a commitment to deflation and value growth by burning 17,304,991 TRX tokens. While TRX's Relative Strength Index (RSI) indicates buying momentum and the Moving Average Convergence Divergence (MACD) line suggests a bullish trend, the number of stakers has sharply dropped in the last 30 days. In other news, adpushup triggers were implemented for different platforms, and each trigger corresponds to a specific ad ID. The adpushup code was added to the website's window object, and the triggers were executed through the adpushup queue.

The Tron staking ecosystem has remained stable, but the TRX price has decreased by over 1% in the last 24 hours. Despite this, TRX investors have had a comfortable week as the token has seen promising gains, with an increase of over 9% in the last seven days. The Tron betting ecosystem has also grown, but CryptoQuant data suggests that next week may not be as positive. The TRX price has entered an overbought zone, which may increase selling pressure and lower its price in the coming days.

The Tron community has reported that TRX may soon be accepted as legal tender in Hong Kong, which could lead to increased demand and support a positive outlook. However, TRX is currently overbought and may face selling pressure. Despite this, investor confidence remains high and TRX's on-chain volume has reached its highest level in four weeks.

TRX, the cryptocurrency of the TRON Network, is predicted to reach various price points in the coming years, with some forecasts suggesting a potential peak of $0.17 by the end of 2024. While TRX has experienced volatility in the past, it is still considered a favorable asset for long-term investment, with potential for steady profits over time. TRON aims to revolutionize digital content entertainment using distributed ledger technology and has seen increased interest in decentralized applications, with over 100 DApps running on the blockchain. Investors should conduct research and seek investment advice before investing in TRX or any other cryptocurrency, as market prices are subject to various factors.

Over the weekend, Kava (KAVA), Rocket Pool (RPL), and Tron (TRX) experienced significant price increases and broke out from resistance levels. KAVA saw a 57% increase over the past six days, breaking out from a descending resistance line that had been in place since March. RPL also broke out from a descending resistance line and is currently trading at the 0.5 Fib retracement resistance level. TRX bounced at the confluence of support levels and is approaching the main resistance at $0.072. If it breaks out, the price could increase by 20%.

Tron's token, TRX, rose by almost 2% on Wednesday, bringing it closer to entering the top 10 cryptocurrencies. This increase came despite a slight decrease in the global market cap. Polygon, which currently holds the tenth position, fell to a five-month low. TRX is now slightly above a long-term resistance level of $0.070, and if it continues to climb, it could reach a three-month high of $0.072. Meanwhile, Polygon's RSI has fallen below 30.00, which may give bulls hope for a reversal soon.

April 29 (Cointime) - According to Twitter user @BitcoinEmber, Justin Sun, the founder of TRON, redeemed 43.19 million TRX from the Venus and PancakeSwap platforms, and transferred them to Binance in three separate transactions, totaling 56.19 million TRX (equivalent to $3.68 million).  

Justin Sun, the founder of TRON, redeemed 43.19 million TRX from the Venus and PancakeSwap platforms.

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