TRON Makes Record For Period Spent In Deflationary State – Good For TRX?

TRON (TRX), a lesser known cryptocurrency when compared to Bitcoin, Ethereum, Cardano and Dogecoin, made a loud noise in April 2021 when Tron Foundation announced the asset successfully leaped into the deflation era. In doing so, TRON managed to be the first ever deflationary virtual currency in the world, reducing its total supply then by over 5.7 million, from 101.678 billion to 101.673 billion. The crypto’s parent company shared that the asset’s move from inflation to deflation was carried out after its community reached the consensus to turn TRX into a deflationary altcoin. Since then, from October 28, 2021 to October 12, 2022, the cryptocurrency has maintained its state of deflation for 50 weeks and was closed to reaching one full year. Source:TRONSCAN The milestone was disclosed in a tweet by TRONSCAN, the official TRON blockchain explorer, on October 17th. But as that era ends for TRON, analysts and experts are keen on seeing how it will help the crypto especially during this bearish time for the space. Related Reading: Ethereum In Tight Range – Will Selling Pressure Push ETH Below $1,250? TRON Makes History – But What’s ‘Deflationary’ Crypto? Deflationary cryptocurrencies are those that decrease in terms of supply over time, providing a window for the value of every coin to increase even in cases where there is consistent demand. ⚒️ $TRX has been in a state of #deflation with the total amount of...