Token

<ul> 
 <li>Tron remained at the top of the blockchain in terms of daily active addresses.&nbsp;</li> 
 <li style="font-weight: 400;">TRX was down by more than 3%, and most market indicators were bearish.&nbsp;</li> 
</ul> 
The year 2023 has been pretty good for <a href="https://ambcrypto.com/search/tron" target="_blank" rel="noopener" data-wpel-link="internal">Tron [TRX]</a> in terms of the blockchain’s adoption and usage. 
Not only did TRX outperform its top competitors like <a href="https://ambcrypto.com/search/bnb" target="_blank" rel="noopener" data-wpel-link="internal">BNB Chain [BNB]</a> and <a href="https://ambcrypto.com/search/btc" target="_blank" rel="noopener" data-wpel-link="internal">Bitcoin [BTC]</a>, but it also managed to hold its number one position consistently throughout the past several months. 
<h4>Tron’s 2023 achievements are many</h4> 
AMBCrypto’s check of Token Terminal’s data revealed that Tron continued to sit in the top spot on the list of cryptos by daily active addresses.&nbsp; 
At press time, TRX’s daily active addresses stood at 1.4 million, while BNB and BTC’s numbers were 968k and 443k, respectively. 
<div id="attachment_360664" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Token-Terminal.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-360664" decoding="async" class="wp-image-360664 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Token-Terminal.png" alt="" width="1353" height="557" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Token-Terminal.png 1353w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Token-Terminal-300x124.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Token-Terminal-1024x422.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Token-Terminal-768x316.png 768w" sizes="(max-width: 1353px) 100vw, 1353px"></a>
 Source: Token Terminal
</div> 
AMBCrypto also found that <a href="https://ambcrypto.com/tron-remains-the-most-sought-after-network-for-usdt-transfers/" target="_blank" rel="noopener" data-wpel-link="internal">TRX</a>’s total number of transactions had crossed 6.9 billion, while its TVL reached $20 billion. The blockchain’s staking ecosystem’s performance also remained pretty decent in 2023. 
Tron launched Stake 2.0 this year, adding multiple new features for stakers. Over the past few months, the share of Stake 2.0 has increased, as evident from TRONSCAN’s <a href="https://tronscan.org/#/data/charts/trx/staked" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">data</a>. 
<div id="attachment_360665" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRONSCAN.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-360665" decoding="async" class="wp-image-360665 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRONSCAN.png" alt="" width="1092" height="528" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRONSCAN.png 1092w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRONSCAN-300x145.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRONSCAN-1024x495.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRONSCAN-768x371.png 768w" sizes="(max-width: 1092px) 100vw, 1092px"></a>
 Source: TRONSCAN
</div> 
According to <a href="https://www.stakingrewards.com/asset/tron" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">Staking Rewards</a>, TRX had a staking ratio of 50.2% and a total of 390k staking wallets. At the time of writing, it had a staking market capitalization of over $4.65 billion. 
The blockchain’s NFT ecosystem has also witnessed some traction in the recent past. 
AMBCrypto’s look at Santiment’s data revealed that TRX’s total number of NFT trades remained high over the last three months. Nonetheless, its NFT trade volume remained low except for spiking once on the 6th of December. 
<div id="attachment_360666" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-360666" decoding="async" class="wp-image-360666 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023.png" alt="" width="3840" height="1300" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRON-TRX-14.00.37-26-Dec-2023-2048x693.png 2048w" sizes="(max-width: 3840px) 100vw, 3840px"></a>
 Source: Santiment
</div> 
<h4>TRX has a few concerns</h4> 
While the blockchain reached new highs in terms of total addresses, TRX’s price action turned bearish. 
According to <a href="https://coinmarketcap.com/currencies/tron/" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">CoinMarketCap</a>, in the last 24 hours alone, the token’s value dropped by more than 3%. At press time, it was trading at $0.1048 with a market cap of over $9.28 billion. 
Things did not look too good for TRX’s future, as AMBCrypto found that its Open Interest decreased, increasing the chances of a trend reversal. 
<div id="attachment_360673" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-360673" decoding="async" class="wp-image-360673 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX.png" alt="" width="1742" height="413" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX.png 1742w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX-300x71.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX-1024x243.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX-768x182.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinglass-TRX-1536x364.png 1536w" sizes="(max-width: 1742px) 100vw, 1742px"></a>
 Source: Coinglass
</div> 
How much are <a href="https://ambcrypto.com/convert/1-trx-to-usd" target="_blank" rel="noopener" data-wpel-link="internal">1,10,100 TRXs worth today</a>? 
Tron’s Relative Strength Index (RSI) also registered a downtick and was headed towards the neutral mark at press time. 
Its Chaikin Money Flow (CMF) followed a similar route, increasing the chances of a continued southward price movement during the ending days of 2023. 
<div id="attachment_360676" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-360676" decoding="async" class="wp-image-360676 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32.png" alt="" width="1564" height="792" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32.png 1564w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32-300x152.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32-1024x519.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32-768x389.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/TRXUSDT_2023-12-26_14-04-32-1536x778.png 1536w" sizes="(max-width: 1564px) 100vw, 1564px"></a>
 Source: TradingView
</div>

Tron: Do investors have cause for concern?

AMBCrypto

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