According to recent data from Google Trends, the Tron (TRX) protocol has surpassed Ethereum (ETH) in terms of social interest. The comparison of the keywords TRC20 and ERC20 showed that Tron’s keywords had a significantly higher interest level.
In addition, the weighted sentiment for Tron has improved, indicating a positive outlook from the crypto community towards TRX. The recent interest in TRX from whales, or large address holders, has also contributed to the positive sentiment and price surge of TRX.
However, the concentration of whales holding TRX could potentially lead to the centralization of the network and expose retail investors to future price fluctuations if these whales decide to liquidate their positions.
While the current price volatility of TRX has decreased, the decline in its volume over the past few weeks could suggest a potential price correction in the future. Moreover, recent data from Token Terminal indicates a significant decline in Tron’s development activity and daily network activity, which could limit its ability to keep up with competitors.
Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.
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