Is Tronix (TRX) a good buy in June 2022?

Tronix TRX/USD has weakened from $0.092  to $0.046 since June 01, 2022, and the current price stands at $0.060. The cryptocurrency market continues to be under pressure, Bitcoin is trading close to the strong support that stands at $20000, and according to American investor Jeffrey Gundlach, we can see new lows for the cryptocurrency market. The post Is Tronix (TRX) a good buy in June 2022? appeared first on Invezz.

Timeline of Tron

TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg.  The reserve increased its supply of USDC tokens by 300 million on the blockchain.

The TRON DAO Reserve has withdrawn another three billion TRX to protect the peg of its USDD stablecoin. It withdrew $2 billion a few days ago, which highlights the stress the market is having on stablecoins.

Geneva, Switzerland, 17th June, 2022, Chainwire TRON DAO and BitTorrent Chain (BTTC) are thrilled to announce Mirana, Binance Custody, FalconX, Bittrex Global, APENFT Marketplace, Voxels, Tacen, Ankr, Velas, SwissBorg Ventures, and the lead author of the ERC-721 Standard, William Entriken, as partners and judges for the TRON Grand Hackathon 2022, Season 2. They will be joining our permanent judging panel alongside our highly esteemed partners from Season 1.

Tron TRX/USD has a huge ecosystem of decentralized applications (dApps), many of which have gathered a high level of reputation within the crypto sphere. From decentralized finance (DeFi) to non-fungible tokens (NFTs), it is clear that this is a large and vast ecosystem that has a lot to offer. The Battle for keeping USDD pegged The post Can Tron (TRX) maintain its value long-term after efforts for stablecoin peg? appeared first on Invezz.

Tron's TRX token had increased by up to 27% before plunging a few hours ago. This was due to stablecoin, USD (USDD) has moved closer to its targeted $1 peg. TronDAO, a decentralized autonomous organization (DAO) that supervises Tron development, stated in a tweet recently that it delivered more than $120 million in USD currency …

TronDAO announced it would be withdrawing another 3 billion TRX from a CeFi and DeFi lending platform. The post TronDAO to initiate a 3 billion withdrawal to guard TRX's value appeared first on CryptoSlate.

The Federal Reserve of the United States has hiked interest rates by 75 basis points and since then the TRON (TRX) prices are up by more than 24%. Moreover, Crypto Finance, an asset management firm, has backed the TRON blockchain. The TRX currency has had a rough week, falling in line with the other main …

The Rectifier project introduced its RECT token, which promises stable growth for investors despite the fluctuations in the crypto market, Invezz learned from a press release. RECT also facilitates safe and anonymous Telegram trading. A unique platform Rectifier is a unique platform targeting everyone who wants to apply advanced tools and strategies via its TRC20 The post TRON-based Rectifier token to create free global entertainment system appeared first on Invezz.

TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group.

The global crypto market cap fell below the $1 trillion level post the market-wide drawdowns. Without a surprise, the crypto fear and greed index gauged the sentiment to be in the extreme fear zone as it plunged to its record low at the time of writing.