- New Tron update has released additional features
- Soon after, TRX’s price also registered an uptick
Tron [TRX] recently announced the release of its new Java-tron GreatVoyage-4.6.0 update. According to an official tweet, GreatVoyage-4.6.0 is a mandatory update that comes with several new features that are intended to improve the network considerably. A few of the new features include an optimized reward algorithm proposal, a transaction memo fee proposal, optimizing block production priority between active and backup nodes, etc.
📢Java-tron GreatVoyage-4.6.0(Сократ) чыгарылды!
🛠Бул милдеттүү жаңыртуу, бир нече маанилүү функцияларды камтыйт:
✅маалыматтарды сактоонун текшерүү пунктунун механизмин жаңылоо
✅ресурстарды берүү мамилелеринин сактоо структурасын оптималдаштыруу— TRON DAO (@trondao) November 23, 2022
окуу Tron's [TRX] баасын болжолдоо 2023-24
Moreover, another interesting update was announced by PancakeSwap recently. The development was regarding a new proposal to add Tron to Syrup pool for farming purposes. If this proposal gets passed, then users will be able to stake CAKE to earn TRX.
✨VOTE FOR FREE ✨
on this proposal to welcome Tron (@trondao) to Syrup Pool and Farm!суммасы $ CAKE алуу үчүн $ TRX!
суммасы $ TRX- Табыш үчүн BUSD LP $ CAKE!🗳 Vote FOR FREE on the proposal: https://t.co/ajKvvbryKV pic.twitter.com/YOoQRgqZsk
- PancakeSwap 🥞 #BSC (@PancakeSwap) November 22, 2022
Positive impact on TRX
All these developments had a positive effect on TRX’s price action as its price appreciated by more than 4% over the last seven days. In fact, according to CoinMarketCap, TRX’s value hiked by 1.23% over the last 24 hours, with the altcoin trading at $0.05205 with a market capitalization of $4.7 billion.
Additionally, TRX’s value was yet again in the news as it was on the list of the top projects with a market capitalization under $10 billion. TRX was ranked third on the list, only behind Polygon [MATIC] and Polkadot [DOT].
⚡️Баасы 10 миллиард доллардан ашпаган рыноктук капиталдаштыруу менен мыкты долбоорлор
23 November 2022$ MATIC $ DOT #TRO $ TRX #TRX $ UNI #Кар көчкү $ AVAX #AVAX $ LINK $ ATOM #Stel жөнүндө $ XLM #XLM $ ALGO $ QNT $ FIL $ VET $ NEAR # ЖАКЫН $ FLOW $HABR pic.twitter.com/PlTNfWrnzI— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) November 23, 2022
An update that might be crucial for TRX investors was revealed by Binance дагы. The exchange will conduct a wallet update on 24 November because of which deposits and withdrawals will be temporarily suspended. It will reopen once the maintenance is completed.
Көрсөткүчтөр эмне дейт?
Apart from the most recent price uptick, a few interesting developments also happened on TRON’s metrics front.
DeFiLlama's маалымат revealed that TRX’s total value locked (TVL) appreciated on 23 November. TRX’s development activity followed a similar path and hiked over the past week. This is generally a positive sign for a blockchain because it represents greater developer effort in improving the network.
After a sharp decline, TRX’s Binance Funding rate revealed signs of recovery with an uptick. This suggested that the token has been receiving more interest from the derivatives market. Nonetheless, TRX’s social volume went down slightly over the past week – A red flag.
Source: https://ambcrypto.com/how-trons-latest-update-can-bring-good-news-to-trx-investors/