Tron: Stablecoin USDD se puso en marcha esta semana, así es como reaccionó TRX

El crecimiento de TerraUSD (UST) en las últimas semanas ha traído una especie de cambio en el mundo de las monedas estables, y la gente ahora se da cuenta de la importancia de las monedas estables descentralizadas. Tron trae USDD Tron anunció recientemente el lanzamiento de su propia moneda estable descentralizada USDD para capitalizar la oportunidad innovadora, y la misma se puso en marcha un día.

Timeline of Tron, Usdd

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The Crypto Fear and Greed Index stands at 23, meaning extreme fear.

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.

Tron (TRX), the native token on the namesake blockchain vastly outperformed a crypto market crash in the past 24 hours, amid hype over a new stablecoin. The main reason behind the token's rally was the purchase of about 504.6 million TRX by Tron's new stablecoin reserve.

TRX, Tron's native coin, has been trending upwards since the beginning of the month. Tron has announced that its algorithmic stable currency USDD will be available soon and since then it has experienced an increase in interest. Tron was trading at $0.086 at the time of writing. After reaching the $0.09 resistance level, the coin …

Tron's native coin TRX has been moving on bullish price action since the beginning of the month. Tron had announced in the past weeks, that, it is soon to be going live with its algorithmic stable coin USDD.

The Tron blockchain's plans for a decentralized reserve appear to be gathering interest from several major players in the crypto industry. Tron's algorithmic stablecoin, USDD, began trading earlier this week.

Be[in]Crypto takes a look at the five altcoins that increased the most over the past seven days, more specifically from April 29 to May 6. The post Tron (TRX) Increased By 10% Despite Market Correction: Biggest Weekly Gainers appeared first on BeInCrypto.

Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralized stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve.

Tron's native cryptocurrency TRX is off to a strong bullish start this month having already delivered an impressive 45% rally in the first five days. It is currently one of the best performers in the list of top cryptocurrencies by market cap.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After taking off from the $0.06-support, Tron (TRX) made impressive progress on its chart.