TRON's TRX token has seen a slight 0.6% price increase over the past 24 hours, lifting its value to around $0.0801. This comes as the broader crypto market remains directionless after recent volatility. But how does TRX's price action compare to major exchange token BNB?

TRX Outperforming BNB Recently

Over the past 2 weeks, TRX has gained 2.5% compared to BNB's 1.4% drop over the same period. And over the past month, TRX has surged 13.4% while BNB has declined 2%.

Looking at the past year shows TRX with a 14.4% gain, outperforming BNB's 7.4% losses.

So across short and long-term timeframes, TRX has shown considerably stronger price momentum compared to BNB.

Different Market Caps and Correlations

However, it is important to note the vast difference in market capitalization between the two tokens. BNB has a market cap of $37 billion, dwarfing TRX's market cap of $7 billion.

BNB is also more closely correlated to Bitcoin as a top 10 crypto asset, while TRX tends to trade independently and is more tied to altcoin speculation.

TRX Benefiting from Strong On-Chain Activity

TRON's improving on-chain activity and fundamentals appear to be driving its recent outperformance. Transaction volumes and active addresses have risen substantially in 2022, reflecting growing network adoption.

BNB benefits from the large Binance exchange but relies more on overall crypto market conditions. TRX's real-world usage and development seem to be fueling its price resilience.

Should Traders Buy the TRX Rally to $0.0801?

With TRX staging a 0.6% rally while outperforming BNB recently, is now a good entry point for traders? TRX certainly has positive momentum in its favor. However, uncertainty persists across crypto markets. Remaining prudent and watchful of potential overhead resistance around $0.0822 seems wise. For short-term traders, a confirmed breakout above that level could signal a high-conviction buying opportunity.

Can Improving Fundamentals Propell TRX Higher in 2023?

Thanks to growth in on-chain activity, TRON’s improving fundamentals appear to be driving its outperformance versus BNB. As just one example, USDD stablecoin adoption is rising fast, showcasing real-world usage of TRON’s network. If these fundamentals keep strengthening, TRX could be primed for even larger gains in 2023, especially if crypto markets trend higher. However, regulatory risks persist in crypto. While upside potential exists, caution remains warranted until technicals confirm a sustainable bull trend.