**Crypto News: Altcoin Emerges as Transaction Leader**
A recent report from the cryptocurrency analytics firm CryptoQuant has revealed that a particular altcoin has asserted its dominance in the market.
**Author:** Mete Demiralp
**Date:** 02.11.2024 – 17:13
**Update:** 11 hours ago
CryptoQuant has highlighted a remarkable increase in transaction activity for TRON (TRX), positioning it at the forefront of prominent altcoin blockchains. As of October 30, TRON accounted for an impressive 43% of the total transaction share across altcoin networks, reflecting its rising popularity among users.
In October alone, TRON executed 230 million transactions, with a notable peak on October 24, when the network handled 10.46 million transactions—marking a 25% increase over its 30-day moving average.
In related news, a seasoned analyst has pointed out that Dogecoin (DOGE) could be poised for a price rally, stating, “If this level is surpassed, a surge may follow.”
TRON’s resurgence in transaction activity is reminiscent of its robust performance earlier in 2024, when it consistently led in trading volume. However, between August 25 and October 5, TRON’s market dominance experienced a dip, attributed to heightened competition from rival networks.
According to CryptoQuant, TRON’s trading supremacy appears to be firmly reestablished, and it is anticipated to maintain its leadership within the altcoin sector. The firm has indicated that historical patterns support the idea that TRON will continue to be the most favored altchain for transaction processing.
*This is not investment advice.
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