Tron (TRX) Now Second Only To Ethereum! Will USDD Reclaim Its $1 Position?

  The coin market has been sailing through treacherous conditions and torrential woes. While most cryptocurrencies have faced the wrath of turbulence. Stablecoins seem to have performed better and are proving to be an ideal choice during market calamities. However, not everything is fine with this category either.  Marketers, hoping for a quick rebound, are wishful of …

Timeline of Ethereum, Tron, Usdd

Market intelligence firm Glassnode says one particular niche within the decentralized finance (DeFi) sector remains robust despite crypto market woes. In a new analysis, Glassnode says capital has been pouring into stablecoins while many Ethereum (ETH) holders are currently underwater. “The aggregate capitalization of the top four stablecoins (USDT, USDC, BUSD and DAI) have also The post Glassnode Says One Crypto Asset Class Is Gaining Massive Popularity Amid Huge Ethereum (ETH) Unrealized Losses appeared first on The Daily Hodl.

Ethereum price after a brief visit below $1000, now has regained its levels above. On the other hand, Bitcoin's price crashed below the crucial support at $20,200 and marked its bottom below $19,000, some moments ago. Currently, the bulls have appeared to have jumped in to prevent the prices to plunge more, but eventually, the …

Ethereum (ETH) prices slumped below key levels on Saturday, and are now trading in the triple digits as an ongoing crypto rout intensified. ETH is down nearly 9% in the past 24 hours, and is trading at $997.61, data from Etherscan shows.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Global stock market indices have been in a freefall over the past two weeks.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance is a metric that measures the market cap of the stablecoin Tether as a percentage of the total market cap.

We're entering the fifth day of the Ton's DAO crisis. While Justin Sun and his team have been trying to peg back USDD to $1, TRX itself has dropped by double digits during the course of the week despite some bullishness recently.

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.

Ethereum (CRYPTO: ETH) was trading mostly flat on Friday in tandem with Bitcoin (CRYPTO: BTC) and the S&P 500, which were trading about 0.7% and 0.24% higher, respectively. The general market and the cryptocurrency sector were due for at least a day of consolidation after a period of high volatility and bearish price action.

With UST mixed into the dust and USDD struggling to keep up; could Tether be the next in line for the stablecoin massacre? The crypto market volatility has ramped up pressure on stablecoins recently after Celsius froze account transactions.

BitMEX co-founder Arthur Hayes predicts further losses for altcoins amid a liquidity squeeze in the second half of the year. The increase in exchange inflow volume paints a grim picture for Ethereum's price in the short term.