TRON (TRX) is continuing to rebound from the market’s bearish trend, which has resulted in a sharp drop in investor interest in cryptocurrencies. TRX trade volume was around $91.57 billion in the first quarter of this year.
The trading volume recorded between January and March of 2021 was roughly $186.45 billion, a 50% decrease.
A lengthy bear market has resulted in a drop in TRON trading volume.
TRON trade volume has decreased as a result of the unfavorable crypto market mood that has hit over 95% of cryptocurrencies.
In the first quarter of 2022, the most-traded stablecoin pairs for TRON’s native TRX asset were Tether (USDT) and Binance USD (BUSD).
Source : Coinranking
When digital currencies are combined with stablecoins, it indicates that investors are attempting to protect their crypto assets from high percentage losses.
Consider the following to better understand the differences in investor interest between the first quarters of 2021 and 2022.
TRX trade volume was over $47.45 billion in January 2021, with a single-day high of $4.82 billion. TRON’s trading volume was over $34.54 billion in January 2022, with a single-day high of $1.85 billion.
TRX’s trading volume was around $69.73 billion in February 2021, with a single-day high of $4.20 billion. TRON’s trading volume was $28.02 billion in February 2022, with a single-day high of $1.43 billion.
TRX’s trading volume was over $69.27 billion in March 2021, with a single-day high of $11.94 billion. TRON’s trading volume was over $29.02 billion in March 2022, with a single-day high of $2.06 billion.
Reaction to the price
TRX began trading on January 1, 2022, at $0.0754, achieved a quarterly high of $0.0793 on March 31, and finished the first quarter at $0.07388. In all, the difference between TRX’s opening and closing prices in Q1 2022 was 2%.
TRX began trading on January 1, 2021, with a price of $0.02683, hit a quarterly high of $0.09679, and finished the first quarter of 2021 with a price of $0.09231.
Lastly, Between the starting and closing prices of TRX in Q1 2021, there was a 244 percent increase.