TRON Named One of The Most Energy Efficient Blockchains in Web3

While Ethereum has been scrambling for several years to move across to the Proof-of-Stake protocol, one protocol is light years ahead with its POS energy-efficient consensus that was built from the ground up. TRON has recently ranked as one of the most environmentally friendly blockchains in the entire Web3 arena, no small feat.

Timeline of Tron

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In extending its squeeze within the $0.063-$0.0702 range for over two months now, Tron [TRX] could not escape its low volatility phase.

Tron founder Justin Sun is making the case for why Decentralized USD (USDD) is different than Terra's failed decentralized UST stablecoin. In an interview with CoinGecko, Sun says that USDD, Tron's algorithmic stablecoin, is a hybrid that uses the best aspects of every USD-pegged asset on the market.

The Tron (TRX) price is trapped in a no-trading zone ranging from $0.0712 and $0.067 barriers. However, under the influence of an ascending triangle pattern, the altcoin is most likely to breach the overhead resistance.

As the market's crypto-assets get on board with Ethereum's pump, Tron's TRX continues to falter. In fact, according to CoinMarketCap, TRX is among the leading tokens to register losses over the week.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice While extending its compression in the $0.063-$0.0702 range for nearly seven weeks, Tron [TRX] has been in a low volatility phase.

Geneva, Switzerland, 10th August, 2022, Chainwire The TRON DAO Reserve has announced Wintermute as the ninth Member and Whitelisted Institution to mint Decentralized USD (USDD), the over-collateralized decentralized stablecoin on TRON, Ethereum, and BNB Chain. Wintermute is a leading global algorithmic trading firm and an established player in digital asset markets.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice For over a month, Tron [TRX] has been relying on the $0.062-level for its support while aiming to snap the $0.0709-level. Recently, a breakout from the bullish pattern positioned the coin to an expected upside.

TRON accelerates to almost $2 billion last month, despite the unstable market. TRX recently experienced TVL increase of $6 billion in July, which is mostly attributable to a resurgence of investor interest in DeFi.

TRON TVL spiked in July due to renewed investor interest in decentralized finance (DeFi).  The post TRON (TRX) TVL Rose More Than $1.9 Billion in July appeared first on BeInCrypto.

Over the last six weeks, Tron's [TRX] fluctuation was range bound in the $0.66-$0.07 zone. The decline from the $0.07 ceiling has affirmed a bullish continuation pattern in the 4-hour timeframe.