TRON, Daily Active Address Moving Average Hits All-Time High…"A Leading Indicator for Price"

The 50-day and 100-day moving averages of daily active addresses on the TRON (TRX) network have reached their all-time highs.

On the 4th (local time), Crypto Onchain reported that "the 50-day and 100-day moving averages of daily active addresses on the TRON network have reached their highest levels," and added, "The increase in user activity demonstrates robust growth in the TRON ecosystem." The report continued, "Active addresses tend to precede price movements," and explained, "Currently, TRON’s price is lagging behind the pace of the increase in active addresses, but the likelihood of a future price rise has increased."

Previously, TRON also broke its all-time high for monthly transaction volume. According to a report by a CryptoQuant contributor, "In May, TRON's token transfer volume reached 49.03 billion tokens, amounting to $121.2 billion," adding, "This is the highest monthly transaction volume on record."

As of 3:35 PM, according to the Binance USDT market, TRON is trading at $0.2687, down 0.70% from 24 hours ago.