#TRX : Should investors maintain caution?
The TRON network has seen significant growth in the past month, particularly in terms of user numbers. According to a tweet from January 13th, the network has now surpassed 135 million users. This is a significant achievement for the network, especially considering the current market conditions and the fact that the network had around 100 million users as of June 2022.
In order to maintain this growth, the network plans to market the USDT-TRC20 as a secure and convenient product, according to a recent thread by Justin Sun. If TRON continues on its strong growth trajectory, there could be more milestones in the future, and an increased demand for the TRX token.
However, the TRX token experienced a rough start to the year, dropping by as much as 10% in the first week of January. This was concerning for TRX holders, as many other top cryptocurrencies were seeing positive gains. But, TRX eventually joined in on the rally and saw an increase of about 16% from its January low to its current high.
TRX may continue to see a bullish recovery, particularly if the network maintains its strong growth and development activity. The latter has seen a bounce back since June 26th, indicating healthy development within the TRON network. Additionally, there has been a recent surge in volatility, signaling an increase in trading activity.
