Based

Bitcoin

TRON

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 <ul> 
 <li aria-level="1">TRON achieved a net negative production ratio of -10,860,726 tokens.</li> 
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 <li aria-level="1">Tron boasts a staking ratio of 41.6% and a staking market capitalization exceeding $2.9 billion at the time of writing.</li> 
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 Tron [TRX] recently shared its weekly recap, focusing on the significant advancements within its ecosystem. The standout event was undoubtedly the launch of a substantial update, introducing several noteworthy modifications. 
 Despite the update, TRX’s essential metrics continued to decline. Nonetheless, observing an increase in the <a href="https://www.crypto-news-flash.com/top-utility-tokens-right-now-ripple-xrp-tron-trx-and-pikamoon-pika/" target="_blank" rel="noopener noreferrer nofollow">blockchain’s value</a> was intriguing, even as several metrics experienced a decrease. Additionally, in a tweet by the Tron Network, they stated that they executed a burning event, incinerating a total of 15,927,589 TRX tokens. This move demonstrates a dedication to deflation and emphasizes the aim of fostering value growth. Notably, TRON achieved a net negative production ratio of -10,860,726 tokens. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TRON</a> just burned 15,927,589 <a href="https://twitter.com/hashtag/TRX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TRX</a> on July 11th <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> showcasing a commitment to deflation &amp; value growth <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> With a net negative production ratio of -10,860,726 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/AvFFXx83Rk" rel="noopener noreferrer nofollow">pic.twitter.com/AvFFXx83Rk</a> 
 — TRON Community (@TronixTrx) <a href="https://twitter.com/TronixTrx/status/1678920937452830720?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 <h3 id="strong-official-release-of-great-voyage-periander-s-v4-7-2-strong">Official Release of Great Voyage Periander’s v4.7.2</h3> 
 Tron recently rolled out an obligatory GreatVoyage-v4.7.2 (Periander), bringing numerous vital enhancements and updates. The Periander version incorporated two governance proposals to optimize Stake 2.0, significantly enhancing Tron’s staking mechanism’s flexibility. The company officially announced the release of its product, Great Voyage Periander’s v4.7.2, through a Twitter announcement.&nbsp; 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/TRONNetwork?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TRONNetwork</a> officially released Great Voyage—v4.7.2 (Periander)! 
 An advanced Stake 2.0 mechanism, seamless EIP-3855 compatibility, optimized smart contract interfaces, and a revamped P2P network module mark this upgrade. 
 (1/4) <a href="https://t.co/68sU7u9dJN" rel="noopener noreferrer nofollow">pic.twitter.com/68sU7u9dJN</a> 
 — TRON DAO (@trondao) <a href="https://twitter.com/trondao/status/1676116679024316416?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2023</a> 
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 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 According to TRON, this release aims to provide an advanced mechanism for Stake 2.0 and exceptional compatibility with <a href="https://www.crypto-news-flash.com/tron-releases-periander-and-the-first-tron-based-raw-product-and-burns-7238121-trx-579049-68/" target="_blank" rel="noopener noreferrer nofollow">EIP-3855.</a> Additionally, this upgrade introduces a revamped peer-to-peer network unit and optimized interfaces for smart contracts. 
 TRON emphasized that its Stake 2.0 product has undergone significant upgrades, resulting in improved user-friendliness aligned with the latest governance proposals. The company also highlighted that its proposal offers enhanced convenience for accessing smart contracts. 
 Furthermore, the proposal brings added cost-effectiveness for both developers and end-users. The latest and optimized interfaces of smart contracts contribute to enhanced network performance and a smooth development workflow. The exclusive peer-to-peer module also plays a vital part in these advancements. 
 Given the changes introduced by the update to TRX’s staking ecosystem, it is worth examining the performance of TRX staking. According to <a href="https://tronscan.org/#/data/charts/trx/staked" target="_blank" rel="noopener noreferrer nofollow">TRONSCAN</a>, the blockchain’s staking ecosystem has maintained a relatively stable status over the past 30 days. 
 Furthermore, Staking <a href="https://www.stakingrewards.com/earn/tron/" target="_blank" rel="noopener noreferrer nofollow">Reward’s data</a> highlights a notable increase in the number of stakes in the previous week. Currently, Tron boasts a staking ratio of 41.6% and a staking market capitalization exceeding $2.9 billion at the time of writing. 
 <h3 id="strong-contrasting-trends-staking-ecosystem-vs-other-metrics-strong">Contrasting Trends: Staking Ecosystem vs. Other Metrics</h3> 
 Despite the growth observed in the staking ecosystem, other metrics did not follow suit. Over the past 30 days, <a href="https://app.artemis.xyz/dashboard" target="_blank" rel="noopener noreferrer nofollow">Artemis’ chart </a>revealed a significant decline in TRX’s daily active addresses. 
 Similarly, a noticeable downward trend in daily transactions indicated reduced network activity on the blockchain. However, it is worth mentioning that despite the decrease in network activity, the blockchain’s total value locked (TVL) experienced an upward surge in the past month. 
 <div id="attachment_338855" style="width: 100%" class="wp-caption alignnone"> 
 <img aria-describedby="caption-attachment-338855" decoding="async" loading="lazy" class="wp-image-338855 size-main-full" src="https://www.crypto-news-flash.com/wp-content/uploads/2023/07/Artemis-1-1078x516.jpg" alt="Tron" width="796" height="381" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2023/07/Artemis-1-1078x516.jpg 1078w, https://www.crypto-news-flash.com/wp-content/uploads/2023/07/Artemis-1-702x336.jpg 702w" sizes="(max-width: 796px) 100vw, 796px"> 
 Source: Artemis 
 </div> 
 <h3 id="strong-tron-s-trading-overview-strong">TRON’s Trading Overview</h3> 
 As of writing this, TRX trades at $0.07798 and holds a market capitalization exceeding $ 7 billion. The overall sentiment for TRON price prediction appears bullish, with 25 technical analysis indicators indicating bullish and four bearish signals. TRON is trading above the 200-day simple moving average (SMA), signaling a “BUY” status for the past 122 days since March 12, 2023. 
 Moreover, the price of TRON remains above the 50-day SMA, and this particular indicator has been signaling a “BUY” status for the past 17 days since June 24, 2023. It is worth noting that the most recent Death Cross in the Bitcoin market occurred 320 days ago, on August 25, 2022, while the last Golden Cross happened on February 15, 2023, 147 days ago. 
 Based on our technical indicators, we anticipate that TRON’s 200-day SMA will rise next month and reach approximately $0.070515 by August 11, 2023. Additionally, the short-term 50-day SMA is estimated to reach around $0.079014 by the same date. 
 When considering the Relative Strength Index (RSI) momentum oscillator, an important indicator is signaling oversold conditions below 30 and overbought conditions above 70. The current RSI value stands at 54.57. This suggests that the <a href="https://www.crypto-news-flash.com/tron-trx-price-prediction-experts-forecast-a-new-rival-token-will-deliver-100x-better-gains/" target="_blank" rel="noopener noreferrer nofollow">TRX market </a>is currently in a neutral position.
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Tron’s GreatVoyage-v4.7.2 Update Brings Optimizations and Lower Smart Contract Costs

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