Tron (TRX) ranked number 1 in Q2 for DApp user growth

Tron is still managing to dominate in one way or another within the DApp market.
TRX/USD price action is moving within a bearish pennant structure, as the price consolidates.

Ken Chigbo Independent Analyst

Dapp.com has recently released its latest quarterly DApp report, covering ground on performance across networks.

Tron saw the latest growth in new users with some 310,503 versus its rival Ethereum at 277,554 and EOS at 61,429. Tron however missed out on number 1 spot for the amount of transactions on the blockchain to EOS.

Tron price in the session is nursing losses of some 1.5% in the second half of Thursday. TRX/USD price action via the 4-hour chart view has formed a bearish pennant pattern structure, subject to a potential breakout south.

TRX/USD daily chart

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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