An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain's market cap.
Despite a price correction across the cryptocurrency landscape, Fantom (FTM) is making waves as it leads the market with an impressive price surge of over 10%. With this notable increase in the past 24 hours, FTM is currently trading near $1.05.
Fantom (FTM) price has risen in the last 24 hours, outperforming a declining market. Its ADX has surged to 47, signaling strong trend momentum, and historical data suggests it could rise even further.
Donald Trump's crypto platform, World Liberty Financial (WLFI), just locked in a high-profile partnership by bringing Justin Sun onboard as an Advisor. The founder of TRON and one of blockchain's most talked-about figures, Sun has also invested $30 million into the platform, making him WLFI's largest backer.
Justin Sun has announced a $30 million token purchase in Trump-backed World Liberty Financial.
The move comes after Justin Sun, the founder of Tron, invested $30 million in the Trump-connected blockchain project.
Fantom coin price has been on an ascent, gaining 45 percent in a week that has seen BTC gain a measly 3 percent. What's behind the surge?
Ethereum has overtaken Tron as the leading blockchain for Tether (USDT) dominance.
As recent bull market sentiment begins to show its cracks and Bitcoin takes a tumble, layer-1 altcoins appear among the most resilient, with Avalanche, Polkadot, and Fantom as standouts. The post Layer 1 Altcoins Immune to Bitcoin Dip: AVAX, DOT and FTM Price Surge Despite Red Market appeared first on Cryptonews.
TL;DR Justin Sun, founder of Tron, invested $30 million in World Liberty Financial (WLFI), becoming the main investor in the project associated with Donald Trump. The partnership with Tron could provide WLFI with a robust infrastructure, boosting its global adoption and positioning it in the crypto market.
For the first time since August 2022, Ethereum (ETH) hosts a bigger U.S. Dollar Tether (USDT) supply than Tron (TRX). Meanwhile, the aggregated cap of USD-pegged stablecoins targets an all-time high over $200 billion.
Fantom (FTM) price has been on an impressive bullish run, gaining significant traction in recent weeks. In November alone, the cryptocurrency surged by 47.36%, marking its highest level in over eight months. As the Fantom price broke through critical resistance levels, it reached the $1 mark, with some analysts predicting further upside toward $1.
Fantom's impressive November rally has brought attention to critical price levels. With a surge in MVRV ratio and a breakout from technical patterns, key resistance levels could determine the next phase for FTM.
Story Highlights The FTM price retests the $1 mark and has soared 47.36% this month. The technical indicators record a potential bullish reversal. Increased buying pressure could push the price beyond the $1 mark. The Fantom token has achieved an 8-month high with its recent price surge.
TRON founder Justin Sun's $30 million investment in Trump-backed World Liberty Financial has revived the struggling DeFi project, pushing total token sales to $51 million and triggering a $15 million payout to Trump-affiliated entities.
Shiba Inu's ecosystem shows strong growth potential as lead developer Shytoshi Kusama acknowledges TRON's success model, while SHIB posts 48% monthly gains and Shibarium reaches new TVL highs.
Justin Sun, founder of the Tron blockchain, made headlines with a significant investment in Donald Trump's crypto project.
Shiba Inu lead developer Shytoshi Kusama lauded TRON's Justin Sun on Tuesday over the blockchain's recent milestone achievement. The lead developer primarily highlighted TRX's product-market fit (PMF) in stablecoin use cases, underscoring the network's pioneering stance as a decentralized, fast, and affordable solution.
Ethereum has reclaimed its position as the leading blockchain for Tether (USDT), surpassing Tron with a supply of $60.3 billion. The post Ethereum Surpasses Tron as Top Blockchain for Tether with $60.3 Billion USDT Supply appeared first on Cryptonews.
Tron approaches key resistance near pattern—will bulls sustain momentum, or is a pullback on the horizon?
The controversial crypto founder has labeled his efforts as geared towards driving innovation in the U.S.
An MVRV ratio of 1.59 shows that Fantom is fairly priced, but a break above 2 could make it overvalued.
Justin Sun, the founder of the TRON blockchain, has made a $30 million investment in World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by President-elect Donald Trump. The purchase was completed through a wallet linked to Sun's HTX exchange, formerly known as Huobi, and comes as WLFI struggled with slow initial token sales.
Justin Sun, the founder of Tron, has stirred excitement with a $30 million investment in World Liberty Financial (WLF), a cryptocurrency initiative spearheaded by U.S. President-elect Donald Trump and his family.
Ethereum's enduring appeal for USDT issuance is also tied to its DeFi dominance and institutional adoption.
The Tron founder said the U.S. is becoming the hub for blockchain hub and bitcoin owes a debt to Donald Trump.
Tether issued an additional $3 billion in USDT tokens in November, with $2 billion minted on Ethereum and $1 billion on the Tron network.
Tether mints $3 billion in USDT, boosting crypto market liquidity and potentially signaling bullish momentum.
Despite the sudden increase in volatility in the crypto market, as Bitcoin struggles to eclipse the $100,000 barrier, the altcoins are sustaining a bullish trend. The FTM price has increased nearly 35% over the past 7 days and has reached a market cap of $2.7 billion.
Fantom surges 20%, breaking out of consolidation and eyeing major resistance at $1.14.
Tron (TRX) is enjoying a significant surge in the crypto markets right now. The 10th largest cryptocurrency by market capitalization posted a new 6-year high above $0.21 earlier today.
The price of TRON (TRX) has continued to rise, surpassing the historic milestone of $0.18 on April 12, 2021.
Tron Founder Justin Sun proves money can't buy taste - unless it's a $6.2 million banana.
TRON has broken key resistance levels, with technical indicators and liquidations supporting the bullish momentum.
Tron's (TRX) rally to $20 and higher is a question of "simple math," Justin Sun ironically commented on X. Meanwhile, the crypto is actually rocketing; the TRX price is one step away from its all-time high despite the altcoin season lagging.
Justin Sun, the founder of the TRON blockchain platform, recently made headlines with an unexpected acquisition—Maurizio Cattelan's infamous artwork "Comedian," which features a banana duct-taped to a wall.
Tron price continued its strong momentum this week and reached an all-time high, pushing its market cap to over $17 billion. Tron (TRX) surged to a record high of $0.
Tron price has gone parabolic, rising for two consecutive weeks and reaching its all-time high of $0.2067. It has soared by over 350% from its lowest point in 2022, bringing its market cap to over $17 billion, making it the eleventh-biggest cryptocurrency in the industry.
TRON (TRX) has been enjoying a significant resurgence this November, with its price making impressive gains, and the network showing strong performance across several key metrics. While the token's price increase is drawing attention, it is the dominance of USDT (Tether) on the TRON network that could be setting the stage for further growth.
TRON's Justin Sun drops $6.2M on a banana taped to a wall, proving crypto kings have a wild sense of artistic humor.
TRON's November recovery means the network is in a good position right now.
Fantom (FTM) has been moving through a volatile price cycle recently, despite the broader cryptocurrency market's continued uptrend. Over the past two days, FTM experienced a significant 14% drop, drawing attention from traders and analysts alike.
Tron has experienced a sustained uptrend over the past month, putting 99.71% of TRX holders in profit.
As the crypto market hints at a potential surge, focus shifts to Monero and Tron. According to ChangeNOW, a platform for exchanging cryptocurrency without registration, transaction volumes for XMR and TRX have grown.
Tron (TRX) bulls flexed their muscles as they propelled the altcoin to $0.1825 on 13 November. Meanwhile, potential profit-taking catalyzed slight declines to press time levels of $0.1820. Meanwhile, the altcoin exhibits notable upside strength, signaling a potential 820% increase from current prices to $1.681.
TRON price is hugging all-time high price after soaring on November 13 and hitting $0.1825. Since then the asset has retraced to its current price of $0.1813.
FTM is approaching a key support level at $0.609 after a 14% decline.
Tron's (TRX) price has hit a new 52-week high, signaling a strong bull run that many believe could push the altcoin toward $0.2621. However, recent market pullbacks and technical patterns are raising questions about whether the bullish momentum can continue in the short term.