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Tron's TRX Bumps 27% as DAO Deploys $220M for Token Purchase
16.6.2022
Founder Justin Sun has injected over $2 billion this week to support the Tron market
TRON Initiates Steady Recovery; Should You Buy TRX Now?
16.6.2022
USDD stablecoin of TRON has been under pressure as the shorting percentage has spiked due to the current turmoil in the crypto market. The founder of TRON, Justin Sun, tweeted the announcement that short interest spiked so high that borrowers wanted to pay anything because they expected...
Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit
15.6.2022
Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized...
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
14.6.2022
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...
Massive Short Interest Pushes Funding Rate of Tron’s TRX to Negative 500% Annually
13.6.2022
The price to short the Tron blockchain’s native token TRX reached as high as 500% annually on crypto exchange Binance today, as traders rush to place bets that the token will fall further....
Read More: Massive Short Interest Pushes Funding Rate of Tron’s TRX to Negative 500% Annually
Biggest Movers: TRX Moves Towards 7-Month High as KSM Extends Recent Gains
1.6.2022
TRON neared a seven-month high on Wednesday, as prices climbed for a third consecutive session. This came while KSM also rallied earlier today, gaining by double digits on hump-day. TRON (TRX) TRX moved towards a seven-month high during today’s session, as prices climbed by almost 15%...
Bitcoin and Ethereum Hold Key Support, Altcoins Consolidate, TRX Jumps
1.6.2022
Bitcoin price is moving lower below the USD 32,200 zone. BTC dropped below USD 31,500, but the bulls were active near USD 31,200, and it is currently (11:49 UTC) consolidating near USD 31,500 again. BTC is down almost 1% in a day and up 7% in a week.
Similarly, most major altcoins...
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
30.5.2022
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than...
TRON Is Bullish; Accumulate TRX for the Long Term!
25.5.2022
TRON is a blockchain-based decentralized application platform developed by TRON Foundation, a non-profit organization. It wants to target the global entertainment industry with a huge market valuation. They have also expanded in the gaming world and other media industries to capture the entire...
Bitcoin and Ethereum Hold Key Support Levels, TRX Accelerates
24.5.2022
Bitcoin price started another decline from the USD 30,500 resistance zone and dropped below the USD 29,500 support level. However, it is currently (11:45 UTC) consolidating near USD 29,300 and still holds the key USD 28,500 support level. BTC is down almost 4% in a day and 2% in a week....
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Biggest Movers: Tron Moves to 1-Week High, as Thorchain’s RUNE Nears Lowest Level Since January 2021
19.5.2022
Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer to their lowest point since January 2021. Tron (TRX) Tron (TRX) surged towards...
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
16.5.2022
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster...
Tron (TRX) Rises Despite Bearish Sentiments in the Crypto Market!
9.5.2022
Tron is a blockchain-based decentralized application platform that was founded by a non-profit foundation. The project was started to decentralize the entertainment industry, but now it has expanded to other industries and aims to cover the entire dApps market. It allows digital content creators...
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
8.5.2022
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last...
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...
Biggest Movers: Tron Climbs to 5-Month High, With WAVES up 15%
4.5.2022
Tron (TRX) rallied to a five-month high earlier in today’s session, as bulls continued to feed off recent news of the USDD stablecoin. While TRX climbed to multi-month highs, WAVES moved away from a two-month low today, as prices surged by as much as 15%. Tron (TRX) May the 4th...
Bitcoin and Ethereum Fluctuate, TRX and FTM Surge
2.5.2022
Bitcoin price extended its decline below the USD 38,200 level but it found support near USD 37,500 and move higher again. BTC is currently (04:09 UTC) trading above USD 38,700 and is up almost 2% in a day and is down 2% in a week. On the upside, the bears might remain active near USD 39,200...
Biggest Movers: NEXO up Nearly 50% After Binance Listing, While TRON Climbs to 1-Week High
29.4.2022
NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today’s surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with Mastercard to launch...
Bitcoin and Ethereum Hold Downtrend Support, TRX and DCR Trim Gains
22.4.2022
Bitcoin price started a fresh decline below the USD 41,200 support zone and spiked below the USD 40,000 support before recovering. It is currently (11:49 UTC) consolidating near the USD 40,500 level. BTC is down almost 5% in a day, trimming its weekly gains to 1%.
Similarly, most major altcoins...