Tron ($TRX) Strengthens Market Independence… $2.1 Billion Stablecoin Inflow Attention

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In the midst of global market volatility, TRON (TRX) continues to show stable growth. This cryptocurrency, ranked 10th by market capitalization, has successfully defended its price by maintaining around $0.26 for over two weeks.

According to CryptoQuant, TRON's risk indicator, VaR (Value at Risk), has significantly decreased over the past few months. The decline in this indicator, which measures potential loss possibilities at a 95% confidence level, suggests that TRON is becoming a more stable investment asset.

Notably, its beta coefficient relative to Bitcoin has also decreased. This means TRON has become less sensitive to Bitcoin price fluctuations, indicating it has gained independence from overall market trends.

According to LookOnChain's analysis, stablecoin inflows to the TRON network are prominent. In the past 7 days, USDT and USDC balances increased by a total of $2.12 billion, while Ethereum network experienced an outflow of $2.44 billion.

These fund movements are primarily attributed to TRON's low transaction fees and fast settlement speeds. Experts assess that "the combination of price appreciation, risk reduction, and market correlation mitigation is positioning TRON as an increasingly attractive asset".

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#TRON#Stablecoin#CryptoQuant#LookOnChain#Bitcoin

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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