Tron outperforms Ethereum in this category, how will it affect TRX’s growth
April 10, 2023
By Himalay Patel
Read Tron’s [TRX] Price Prediction 2023-2024
Social interest in Tron increased as it outperformed Ethereum in some areas.
TVL declined as dApps started to underperform.
According to Google Trends’ data, the Tron [TRX] protocol had out-competed Ethereum [ETH] in terms of social interest. While comparing the keywords TRC20 to ERC20, it was seen that there was a large interest in Tron’s keywords.
TRX up whales’ sleeves
Coupled with that, the weighted sentiment for Tron improved as well. This implied that the crypto community had a positive outlook toward TRX. Whale behavior could be one reason for the positive sentiment being seen by Tron. Over the last few months, the interest in TRX from large addresses has increased materially.
The increased attention towards TRX from whales has coincided with a surge in its price, indicating that it could be a driving force behind its positive price movements.
However, if there is a high concentration of whales holding TRX, it could lead to the centralization of the network. In this scenario, retail investors may face greater exposure to future price fluctuations if these whales choose to liquidate their positions.
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