TRON

While the majority of the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a>, including the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), is swimming in the sea of red, TRON (<a href="https://finbold.com/cryptocurrency/tron/" rel="noopener noreferrer nofollow">TRX</a>) has been recording <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> results in multiple areas, including in terms of its price, social, and market activity.As it happens, <a href="https://finbold.com/topic/tron/" rel="noopener noreferrer nofollow">TRON</a> has reached the leadership position on AltRank, the list of top 5,242 <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> that combines the social and market activity of a digital asset versus the rest of the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> market, as <a href="https://twitter.com/LunarCrush/status/1660565003336859648" rel="noopener noreferrer nofollow">shared</a> by the crypto social intelligence analytics platform LunarCrush on May 22.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/422d4bb70d304645bad0d9c0962f7060.png" />TRON’s 1-day AltRank analysis. Source: <a href="https://twitter.com/LunarCrush/status/1660565003336859648" rel="noopener noreferrer nofollow">LunarCrush</a>Specifically, in terms of 24-hour social volume, TRON ranks 18th, recording an increase of 13.3%, whereas its social engagement has grown by 17.1% over the last day, placing the digital asset in 12th place by this <a href="https://lunarcrush.com/coins/trx/tron/alt-rank" rel="noopener noreferrer nofollow">indicator</a>. At the same time, TRON ranks ninth in terms of its trading volume and 216th in its price performance relative to <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>.<h2 id="header-0">TRON price analysis</h2>On top of that, TRON has recorded a price increase of 7.06% in the last 24 hours, currently changing hands at $0.08, which also represents a 10.26% gain in the last seven days and a growth of 17.84% over the previous month, as per the latest information retrieved by Finbold on May 22.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e3594253d6e049c59982f6c9a31064d6.png" />TRON 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/tron/" rel="noopener noreferrer nofollow">Finbold</a>Not only that, but TRON’s sentiment on 1-day gauges over at the crypto and <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> tracking platform TradingView indicates a ‘strong buy’ at 16, as <a href="https://www.tradingview.com/symbols/TRXUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">summarized</a> from the oscillators stanging in the ‘buy’ zone at 2 and moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>) pointing at a ‘strong buy’ at 14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f03b14bee28b4648964a8c5b834eb668.png" />TRON 1-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/TRXUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>On the other hand, Bitcoin has at the same time declined 0.09% on the day, 1.96% across the week, and 1.74% on its monthly chart, and is currently changing hands at the price of $26,827, indicating <a href="https://finbold.com/is-bitcoin-in-trouble-27-6k-resistance-level-sparks-concerns/" rel="noopener noreferrer nofollow">more pain</a> could be on the horizon if it continues to reject below the critical $27,600 <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> level.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>

Bullish? TRON eclipses all other cryptocurrencies in price and social activity

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