“October is also typically a good month for the cryptocurrency market. Indeed, it is dubbed “uptober” by market insiders,” shared Lucas Kiely, chief investment officer of Yield App, in a message to CoinDesk. “Only twice since 2013 has bitcoin closed at a loss in October, and hopefully, this year will see a continuation of that trend.” Source
The Tron (TRX) DeFi ecosystem has experienced a notable surge in activity, signaling a substantial period of growth and development. This expansion isn’t limited to the realm of decentralized finance alone; recent data underscores a correlated upward trajectory within Tron’s TRX token staking ecosystem. This trend suggests that both DeFi and staking on the Tron blockchain are witnessing increased interest and participation from users and investors, thereby fostering a more robust and dynamic Tron ecosystem. But, there’s more interesting side of the narrative that has provided Tron a major lift.…
Emurgo CEO Ken Kodama plans to invest in 21 unexplored areas in Cardano (ADA). TRON (TRX) reached multi-week highs driven by increased daily transactions. Meanwhile, experts are bullish on Kangamoon (KANG) as it leads the next generation of the play-to-earn (P2E) gaming scene. Summary Cardano is projected to reach $0.37 by the end of 2023 TRON can climb to $0.1 by the end of the year Kangamoon analysts are bullish, expect more gains on launch, and exchange listing Cardano outlook for Q4 2023 Emurgo plans to adopt a venture studio…
The cryptocurrencies and tokens held in the publicly-known wallets of Tron (TRX) founder Justin Sun have seen their value increase by over 50% over the last month. Data gathered from blockchain analytics platform Arkham Intelligence shows that as of Aug. 19 Sun’s wallets contained $733 million, and as of Sept. 19 the balance increased by just over 50% to $1.1 billion. Sun’s current top holding is Wrapped Stacked Ethereum (WSTETH) for a total of under 169,000 tokens worth approximately $315 million. This token represents Ethereum (ETH) stacked to get stacking…
Accounts monitoring blockchains for major mints, trades and token transfers have flagged a $1 billion authorization of USDT in Tether’s Treasury that is set to provide near term USDT liquidity for the Tron network. Blockchain tracker WhaleAlert highlighted the $1 billion authorisation on X (formerly Twitter), which drew a quick fire response from Tether CTO Paolo Ardoino who said that the USDT tokens would be used as inventory to “replenish” the Tron network. Ardoino added that the event was an authorization and not an actual issuance, with the allocated amount set…
Tron (TRX), the blockchain platform founded by Justin Sun, has been showing a good performance for the most part of 2023. The project, which was launched just six years ago, recently registered an impressive surge in transaction activity, underscoring the increasing organic demand for the TRX cryptocurrency. Recent data from a Nansen report reveals that Tron has been processing a remarkable average of over 4.8 million daily transactions, a testament to its rapid expansion within a relatively short period. Driving Forces Behind Tron’s Surge Tron’s growth can be attributed primarily…
Tron (TRX) has orchestrated an impressive recovery, bouncing back from last week’s dip of $0.07000 and regaining losses it incurred this month. As of the latest data from CoinGecko, the TRX price currently stands at $0.076, despite a minor 1.2% decline over the past 24 hours. This resurgence follows a decent seven-day rally that has seen TRX gain 5.4%. Delving into the technical analysis on a weekly timeframe, it becomes evident that TRON has been tracing an ascending support line since November 2022. This trajectory has been consistently validated through…
Curve Finance, a decentralized liquidity pool for stableswap and stablecoin trading, has disclosed a strategic partnership that will see the decentralized exchange (DEX) launch on the TRON network. Curve Set To Launch On Tron And BTTC Networks Decentralized Exchange, Curve Finance has solidified its position as the second largest DEX, following the announcement of its integration into the TRON network. Curve Finance’s recent alliance with the TRON network has prompted a substantial investment from TRON DAO Ventures, a venture capital firm established by the TRON network. On Thursday, August 17,…
Monitoring how crypto assets perform is crucial for making informed decisions. Tron (TRX), VeChain (VET), and Pomerdoge (POMD) are actively being monitored, considering their recent gains. TRX falls on Huobi rumors, Justin Sun responds Huobi’s alleged insolvency and the arrest of its executive in China led to substantial withdrawals of around $64 million last weekend. Tron (TRX) fell 12% in the past week due to CEO Justin Sun’s affiliation with the exchange. However, Sun later dismissed concerns, terming them futile attempts to create fear, uncertainty, and doubt (FUD) while urging…
The crypto market is dynamic as different blockchain networks compete for dominance. Tron is a popular blockchain option for USDT transactions. Meanwhile, Borroe is a crypto project that seeks to transform how businesses secure funds through its funding marketplace powered by artificial intelligence (AI). This article discusses Tron’s role in USDT transactions and outlines Borroe’s strategy in crypto fundraising. Stablecoins and Tron Tron has a market capitalization of more than $6.8 billion and is widely used for USDT transactions. As a result, the network has become a dominant player in the stablecoin market.…