Tron DAO's Gasless Milestone Caps TRX Price Growth
The Tron DAO's gasless USDT transaction volume has surpassed $3 billion, marking a significant milestone for the network. However, this achievement comes with a caveat - it may actually limit the upside potential of the native TRX token.
Tron DAO's gasless program has been successful in attracting users and liquidity to the network, but it also reduces demand for TRX as a means of paying transaction fees. When fees are waived, there is less incentive to hold TRX, which can cap its price growth.
The broader cryptocurrency market's risk-off sentiment in early 2025 has kept altcoin prices under pressure, with TRX trading within a narrow range between $0.10 and $0.12. The token's inability to rally on bullish network news suggests that resistance levels around $0.13 are likely to hold.