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Dont miss BlockDAGs $0.0019 entry before its gone. Track the Cardano Price Prediction and see how TRON DAO showcased its strength at Harvard.
The post ADA Eyes $2.88, TRON DAO Powers Web3, BlockDAG CertiK Audit Set for Next Week appeared first on Kanalcoin.
TRON is gradually getting its bullish rating back despite the sideways action across the crypto market. TRX price steadied the uptrend after respecting support provided [...]
Investor interest in Tron is growing as the protocol receives updates. The new Java-tron GreatVoyage-4.6.0 upgrade, codenamed Socrates, is a required update that includes crucial enhancements that greatly improve the protocol’s ability to utilize storage. Since time is of the essence, here is a quick rundown of TRX: Major new enhancements that will smooth out the protocol’s operation have been released The proposal from PancakeSwap has the potential to be a strong positive catalyst Current price action is negative, but a reversal would be bullish ??Java-tron GreatVoyage-4.6.0(Socrates) has been released! ??It is a mandatory update, contains a few important features: ?update the checkpoint mechanism of data storage ?optimize the storage structure of resource delegation relationship — TRON DAO (@trondao) November 23, 2022 That’s not all good news, either. PancakeSwap just made an announcement to its user base that it would be accepting TRX into its Syrup staking pool. The price of TRX eventually reflects all of this. Using a weekly time frame, CoinGecko reports that TRX’s price rose 0.8%. Everything looks and sounds fantastic, but what do the experts have to say about it? To Uptrend, Or Not To Uptrend? It doesn’t look like it’ll form an uptrend on the charts, and that might be for a number of reasons. It’s worth noting that the Bollinger band is establishing a crunch zone immediately following the cup formation in TRX. Related Reading: Polkadot Soars 8% In Last 24 Hours Courtesy Of Its Dev’t Activity, NFT Ecosystem Growth Chart: TradingView The impending decline may be part of a larger cup-and-handle structure with an ascending triangle serving as its handle. The regression model also reveals that the present decline is robust, with Pearson’s R value hitting 0.61, indicating that despite positive events on-chain, pain is not out of the question for TRX. The fact that the RSI is still in the oversold bottom half further confirms a downward trend. All of this is occurring as TRX trades at $0.0525 per coin. On a 4-hour timeframe, the technical indicators are optimistic, as the RSI is rising and the bollinger band is widening. As this indicator oscillates between overbought and oversold, the rising RSI value is accompanied by a decline in price. According to CoinGlass, the TRX derivatives market is improving slightly as exchange financing rates improve. TVL decreased on the DeFi side of Tron from $4.31 billion to $4.29 billion. Chart: Coinglass Not Enough Momentum TRX investors and traders are unquestionably instilled with confidence by recent events. According to CoinGlass, this is further underlines by the fact that more traders are entering long holdings than short positions. However, based on the metrics, they should proceed with caution, as the technicals indicate that TRX will experience further losses. However, short-term traders could target the $0.056 barrier, as this would be a good place to begin a rally. Related Reading: Litecoin (LTC) Must Maintain $77 Level To Sustain Enthusiasm Come December TRX total market cap at $4.88 billion on the daily chart | Featured image from WallpaperAccess, Chart: TradingView.com
TRON DAO onboarded one of the largest crypto exchanges Wintermute as its ninth whitelisted member to mint and redeem its algorithmic stablecoin USDD. “We strive to function as the decentralized crypto reserve while consolidating the value of USDD as the true settlement currency. Welcome more institutions on board!”, the announcement read. USDD is an algorithmic stablecoin on Tron, […]
Geneva, Switzerland / June 1 / – TRON celebrated a record month of May, achieving multiple massive milestones in a
Following the highly-anticipated launch of TRON's algorithmic stablecoin, called "Decentralized USD" or USDD, the Tron DAO has deployed $2 billion to protect Tron's ecosystem token, TRX.
Justin Sun, the founder of Tron, has announced a $2 billion reserve to defend TRX from rising short interest. Many crypto leaders are announcing plans and measures to counter the cryptocurrency carnage as it intensifies. Do Kwon, the founder of Terra, recently revealed plans to revive the UST stablecoin, but prices have since plummeted. The […]
Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralized stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve. (Read More)
Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve. (Read More)
The winning projects are finally in as TRON Grand Hackathon 2022 closed on March 14, coming off of a thriving
The post has appeared first on thenewscrypto.com
Nansen and Tron team up to take advantage of each other's strengths to bolster their services.
Trons latest attempt at a stablecoin, USDD 2.0, offers a 20% APY, subsidized by the Tron DAO. However, the reliance on a volatile TRX token raises concerns about the coin’s long-term stability and sustainability. Trons Justin Sun Announces USDD 2.0 Tron is set to launch an updated version of its stablecoin, USDD 2.0, promising a […]
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