TRON (TRX) has been on a remarkable upward trajectory in recent months, with its market capitalization experiencing a significant hike. This surge in interest and performance has captured the attention of investors, contributing to the positive momentum of TRX.
Despite some minor downtrends in the past couple of days, TRX has shown an impressive 19% increase in value since July, as indicated by the price range indicator. The Relative Strength Index (RSI) also remains in the bullish zone, signaling continued positive momentum for TRX.
Moreover, the number of long-term holders of TRX has been steadily increasing, indicating a strong bullish sentiment among investors. According to data from IntoTheBlock, the number of long-term holders, or HODLers, has surged to nearly 90 million, marking a 237% increase from the previous year. This growth reflects the growing confidence of investors in TRX as a long-term investment.
Additionally, more than 95% of TRX holders are currently holding at a profit, underscoring the profitability of investing in TRX. This high profitability is a positive sign for investors, as it indicates that most holders have seen gains from their investments and are likely to continue holding onto their assets.
The market capitalization of TRX has also seen significant growth, with CoinMarketCap reporting an increase from $7 billion last year to over $13 billion currently. This steady increase in market cap, combined with the positive sentiment surrounding TRX’s long-term prospects, has fueled optimism among long-term holders. Many believe that TRX has the potential for further price appreciation in the future, leading to a growing number of HODLers who are holding onto their assets in anticipation of future gains.
In conclusion, TRON (TRX) has shown strong performance and growth in recent months, attracting a growing number of long-term holders and investors. With a positive outlook for the future, TRX remains a promising investment option for those looking to capitalize on the potential for further price appreciation.