On January 16 Justin Sun, CEO of Tron, announced the launch of a stablecoin that will
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The Tron ecosystem had a major blow last week when the USDD stablecoin lost its $1 peg. This led to concerns among traders as USDD was launched last month as a rival to Terra’s UST, an algorithmic stablecoin. Another depegging of a similar asset also meant that TRX’s price also dropped for a bit therafter.
The post As USDD Depeg Deepens, What Is Justin Sun’s Plan? appeared first on CoinGape.
Tron’s native token, TRX, fell sharply in the past 24 hours as the blockchain’s USDD stablecoin broke away from its dollar peg. TRX slumped as much as 19%, and is now trading at $0.05- its lowest in 15 months. The token is also the worst performer among the top 50 cryptocurrencies in the past 24
The post Tron’s TRX Slumps Nearly 20% As USDD De-peg Deepens appeared first on CoinGape.
TRON’s newly launched stablecoin, USDD, and Waves’ USDN have both depegged amid the recent crypto crash. The two tokens have attracted increased after the recent collapse of TerraClassicUSD, given that they are algorithmic stablecoins that operate similarly to UST. Crypto exchanges warn against USDD and USDN Upbit, which is the largest crypto exchange in South
The post These Two Stablecoins Are De-pegging As Crypto Markets Crash appeared first on CoinGape.
In a bid to improve transparency surrounding its new algorithmic stablecoin, Tron has revealed details of its new coin’s collateralization strategy.
The post TRON’s USDD Stablecoin Collateral Building Up to Prevent Repeat of Terra’s UST Stablecoin appeared first on BeInCrypto.
Amid uncertainty over the reliability of stablecoins and bearish trends in the crypto market, one stablecoin continues to shine. The recent meltdown of Terra ecosystem brought to the fore the trustworthiness of various stablecoin projects, including the USDD stablecoin. Meanwhile, the Terra ecosystem is preparing for migration to Terra 2.0 and the LUNA airdrop. After
The post Tron Stablecoin Reaches Key Milestone Amid Bearish Trends appeared first on CoinGape.
After suffering brief resistance from traders following the Terra ecosystem meltdown recently, the USDD stablecoin appears to be regaining steadily. Adding to this trend is increasing market expansion for the Tron-backed stablecoin. Just few days before the Terra crash unfolded, the TRON DAO Reserve introduced USDD as a cryptocurrency with stable price and diverse use
The post Just In: Amid Crash, Market Expansion Could Boost This Stablecoin appeared first on CoinGape.
The failed attempt from the TRON (TRX) buyers to escape the range-bound rally indicates a potential downfall to the $0.057 mark. The $0.075 fallout brings a short opportunity for interested traders to take an 18% target. Can the concentrated EMAs stall the upcoming freefall? Key points The TRX price has lost 16% since the last
The post TRX Price Analysis: Fallout of $0.075 Support Hints 18% Drop in TRX appeared first on CoinGape.
In the midst of an unprecedented meltdown of the Terra blockchain and the market’s subsequent testing of stablecoin prices, another algorithmic stablecoin is making significant strides. In a latest move, Tron’s USDD stablecoin has been officially listed on the Huobi exchange on Friday. The move could significantly help the stablecoin expand its base further. TRON
The post This LUNA $UST Stablecoin Rival Makes Positive Strides Amid Crash appeared first on CoinGape.
The TRON(TRX) price escaped a three-month-long consolidation phase with a bullish breakout from the resistance trendline of the inverted flag pattern. The breakout rally tagged an overhead resistance of $0.09 and reverted to a retest phase; however, the RSI indicator suggests weakness in the bullish momentum despite a strong follow-up candle. Key points The TRX
The post TRON Price Analysis: RSI Divergence Tease Minor Correction In TRX appeared first on CoinGape.
The crypto market saw one of its worst crashes ever over the past week, amid concerns over rising inflation and interest rates. But three tokens appeared to have largely outperformed the 50 largest cryptocurrencies, with each seeing their own share of bullish news through the week. Tron (TRX), Monero (XMR) and Algorand (ALGO) rose in
The post These 3 Cryptos Are Leading A Recovery From This Week’s Crash appeared first on CoinGape.
The TRON(TRX) price reverted from the $0.075 resistance and triggered a new bear cycle within an inverted flag pattern. This continuation pattern could extend the prevailing downtrend if buyers lose the dynamic support trendline. Key points The TRON price plunged below the EMAs support(20, 50, and 100) The inverted flag pattern fallout could descend the
The post TRON Price Prediction: Bearish Flag Pattern Teases a 15% Fall in TRX appeared first on CoinGape.
Tron (TRX) token price surged on Friday after founder Justin Sun announced plans to launch a new stablecoin based on the blockchain. The token, called USDD, will be a decentralized token. TRX token prices surged 10% in the last 24 hours, reaching a three-week high of $0.074. While most altcoins followed Bitcoin’s (BTC) lead lower,
The post Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why appeared first on CoinGape.
Crypto whale and founder of the TRON (TRX) blockchain, Justin Sun, has been moving funds between his wallets. According to on-chain data, Sun has now moved $166 million worth of stablecoins from exchanges to his wallet addresses in the past two days. Is Justin Sun dumping Ether? Chinese journalist Colin Wu noted today that in
The post Incoming Bear Storm? Justin Sun moves $166 million Stablecoins from Exchanges to his Address appeared first on CoinGape.
