Justin Sun’s Tron (TRX) network made a notable comeback this year. The asset managed to get into the coveted top ten and took over coins like Cardano (ADA). TRX is the ninth largest cryptocurrency with a market cap of $13.36 billion. Alongside this, Tron’s network activity also witnessed a notable surge.
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Tron Network’s Recent Achievements And October Price Prediction
Tron Surpasses Bitcoin And Ethereum In Quarterly Profitability
In a recent post on X, Sun revealed that the Tron Network has surpassed popular blockchains like Bitcoin and Ethereum in terms of quarterly profitability. Tron reportedly recorded $577 million in revenue for the third quarter. The network generated $577.2 million in income in Q3, with 74% of the amount coming from staking and 26% from burning.
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Tron: October Price Prediction
With other aspects looking up in the Tron network, the price of TRX was seen moving sideways. While most assets recorded double-digit gains over the past month, TRX recorded a spike of 1.43%. At press time, the asset was trading at $0.1542 with no significant dips or upticks in its price.
Expected Price Range For TRX In October
It seems like TRX will continue this streak throughout October as well. The altcoin will trade at an average price of $0.142 this month. It could also dip down to a low of $0.127. The maximum price that TRX could rise to is $0.157.
Investor Sentiment And Historical Context
This certainly comes as sad news for TRX investors, as October is considered to be a bullish month for the entire market. It should be noted that TRX trades 48% below its all-time high of $0.3004. This peak was achieved about seven years ago. Tron’s latest comeback instilled hope in investors. But it seems like they have to wait longer.
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