Coins Investors Should Consider: Stellar (XLM), Tron (TRX) and Chronoly (CRNO)

The recent cryptocurrency downturn has hit many investors hard and as Bitcoin (BTC) appears to be finding a bottom near the $30,000 mark, many want to know where the value lies in the market. Chronoly (CRNO) is an asset-backed digital currency option that allows investors to buy stakes in real-world assets. The Chronoly (CRNO) project ….

Timeline of , Tron, Stellar

Post a lift-off from the $0.066-support, Tron [TRX] has made an impressive advancement in the last three weeks. After matching its monthly highs on 1 June, the lower peaks coupled with higher troughs chalked out a symmetrical triangle.

Tron appears to have formed a head and shoulders (H&S) formation after it failed to move above the key resistance following several attempts. Key Support levels: $0.08, $0.07 Key Resistance levels: $0.085, $0.09 Should Tron's price fall below the H&S neckline (represented in blue on the chart), then a retest of the key support at

Last week we observed TRX rallying towards its descending resistance line. It turns out that its strong uptick pushed past the line briefly before a bearish retracement by at least 16% in the days that followed.

Crypto entrepreneur Justin Sun's blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST).

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.

Despite all of the turmoil surrounding stablecoins over the previous month, Tron's USDD has made substantial progress. The stablecoin has hit some significant milestones since its introduction exactly one month ago. USDD has been promoted to the ‘first over-collateralized decentralized stablecoin,' according to the TRON DAO Reserve. The currency has a total circulating supply of …

The Tron-based USDD stablecoin is now collateralized by over 200% with a guaranteed minimum collateral ratio of 130%. Such backing in reserves is a first for any algorithmic stablecoin in the crypto-verse.

Tron [TRX] has a lot to its credit. The token, after suddenly being in the news for the last couple of weeks, has not managed to mark its presence by making some other significant moves in the ongoing bear market.

Tron price analysis is showing bearish signs once again as price began a significant retracement after increasing up to $0.092 on Wednesday. Sellers were quick to apply pressure and pull price back before hitting the crucial $0.1 mark, meaning Tron continues to face rejection at this mark since May 8, 2022.

Stellar price analysis is indicating a bullish price movement for today, after the market trends shifted on 1 June 2022. The price value, after correcting down to $0.136, started to recover and is still recovering for the second day.