TRX Price Soars in Last 24 Hours Following The Launch Of USDD -Breaking
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In the 24 hours since USDD’s launch, TRX prices have risen dramatically- TRON prices surged in the past 24 hours following a trend that is different from the other crypto markets.
- CoinMarketCap reports that TRX rose 9.8% during the past 24 hours.
- TRON founder announces launch of USDD.
According to CoinMarketCap, TRON (TRX), seems to be following its own trends as it sees its value rise despite most of the cryptocurrency markets being in some kind of a retracement.
Currently ranked as the 7th biggest project in the space based on total market cap, the price of TRON has seen a bullish pump in the last 24 hours that adds to the project’s weekly positive momentum. TRON’s current price is $0.06892, up 9.80% over the past 24 hours and 13.35% within the past 7 days.
TRON has a 24-hour trading volume that is almost 2990% higher at $3,749.458,512. The increase in trading volume over the past 24 hours, and most of the weekly price momentum that has occurred in the last 24-hours could indicate that TRON’s price is still on the rise. TRON also ranks 7th in the CoinMarketCap list of top-trending projects.
The bullish pump seen in the last few hours might have something to do with TRON’s founder, Justin Sun, announcing the launch of USDD, which is a decentralized stablecoin. Sun stated that USDD would not be dependent on any centralized institution for redemption, management or storage and instead will achieve complete on-chain centralization.
TRON fans and all members of the crypto community have reacted positively to USDD’s announcement. The USSD is based on TRON’s value and not USD and gold. This gives traders and investors a crypto-backed alternative.
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