- New Tron update has released additional features
- Soon after, TRX’s price also registered an uptick
Трон [ТРКС] recently announced the release of its new Java-tron GreatVoyage-4.6.0 update. According to an official tweet, GreatVoyage-4.6.0 is a mandatory update that comes with several new features that are intended to improve the network considerably. A few of the new features include an optimized reward algorithm proposal, a transaction memo fee proposal, optimizing block production priority between active and backup nodes, etc.
📢Јава-трон ГреатВоиаге-4.6.0(Соцратес) је објављен!
🛠То је обавезно ажурирање, садржи неколико важних карактеристика:
✅ажурирајте механизам контролне тачке за складиштење података
✅оптимизујте структуру складиштења односа делегирања ресурса— ТРОН ДАО (@трондао) Новембар 23, 2022
Читати Трон'с [ТРКС] Прице Предицтион 2023-24
Moreover, another interesting update was announced by PancakeSwap recently. The development was regarding a new proposal to add Tron to Syrup pool for farming purposes. If this proposal gets passed, then users will be able to stake CAKE to earn TRX.
✨VOTE FOR FREE ✨
on this proposal to welcome Tron (@трондао) to Syrup Pool and Farm!Stake $ ТОРТА зарадити $ ТРКС!
Stake $ ТРКС-BUSD LP to earn $ ТОРТА!🗳 Vote FOR FREE on the proposal: https://t.co/ajKvvbryKV pic.twitter.com/YOoQRgqZsk
- Замјена палачинки 🥞 #БСЦ (@ПанцакеСвап) Новембар 22, 2022
Positive impact on TRX
All these developments had a positive effect on TRX’s price action as its price appreciated by more than 4% over the last seven days. In fact, according to ЦоинМаркетЦап, TRX’s value hiked by 1.23% over the last 24 hours, with the altcoin trading at $0.05205 with a market capitalization of $4.7 billion.
Additionally, TRX’s value was yet again in the news as it was on the list of the top projects with a market capitalization under $10 billion. TRX was ranked third on the list, only behind Polygon [MATIC] and Polkadot [DOT].
⚡️Top Projects with Market Capitalization under $10B
КСНУМКС Новембар КСНУМКС$ МАТИЦ $ ДОТ #ТРОН $ ТРКС #ТРКС $ УНИ #Аваланцхе $ АВАКС #АВАКС $ ЛИНК $ АТОМ #Стеллар $ КСЛМ #КСЛМ $ АЛГО $ КНТ $ ФИЛ $ ВЕТ $ БЛИЗУ #БЛИЗУ $ ПРОТОК $HABR pic.twitter.com/PlTNfWrnzI— 🇺🇦 ЦриптоДеп #СтандВитхУкраине 🇺🇦 (@Црипто_Деп) Новембар 23, 2022
An update that might be crucial for TRX investors was revealed by Бинанце сувише. The exchange will conduct a wallet update on 24 November because of which deposits and withdrawals will be temporarily suspended. It will reopen once the maintenance is completed.
What do the metrics say?
Apart from the most recent price uptick, a few interesting developments also happened on ТРОН’s metrics front.
ДеФиЛлама'с подаци revealed that TRX’s total value locked (TVL) appreciated on 23 November. TRX’s development activity followed a similar path and hiked over the past week. This is generally a positive sign for a blockchain because it represents greater developer effort in improving the network.
After a sharp decline, TRX’s Binance Funding rate revealed signs of recovery with an uptick. This suggested that the token has been receiving more interest from the derivatives market. Nonetheless, TRX’s social volume went down slightly over the past week – A red flag.
Source: https://ambcrypto.com/how-trons-latest-update-can-bring-good-news-to-trx-investors/