180-day Sharpe ratio signals potential local top for TRX. We explore the state of demand and sell pressure in the spot and derivatives segments.
TRON (TRX) blockchain founder Justin Sun is now an advisor to World Liberty Financial (WLFI), the decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. In a post on social media platform X, WLFI says Sun's qualifications will enable him to make significant contributions to the development of the platform.
November has been a standout month, with multiple assets reaching new highs. Real World Assets (RWAs) are no exception.
Tron (TRX) has established itself as one of the top cryptocurrencies, currently ranking 9th by market capitalization. With its native blockchain designed to power decentralized applications (dApps) and the second-largest decentralized finance (DeFi) ecosystem, Tron has become a key player in the crypto space.
Bitcoin (BTC) recovered from a low of $91,400 late on Wednesday to climb back above $95,000. However, the cryptocurrency faces considerable downward pressure after failing to climb above $100,000.
Avalanche (AVAX) has recently shown signs of bullish movement, and the possibility of a breakout that could push the price to $65 is becoming more likely. With recent developments on both the price chart and on-chain activity, traders are closely monitoring key levels that could indicate further upward momentum.
The altcoin market corrects after a 55% November rally, but XRP, Stellar, and TRON hold bullish setups targeting $2, $0.63, and $0.40, respectively.
Bitcoin's strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
The founder of TRON (TRX) blockchain, Justin Sun, is announcing a multi-million dollar investment in World Liberty Financial, a decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. Sun says that TRON blockchain's decentralized autonomous organization, TRON DAO, is investing $30 million in World Liberty Financial.
Avalanche (AVAX) price has gone against the tide this week, staying on the upward trajectory as the rest of the market slumped. The resilience is attributed to the recent Avalanche9000 testnet, the largest upgrade since the mainnet launch.
With a rounding bottom breakout rally in the AVAX price trend gaining momentum, the bulls are back at play. As the $40 breakout is inching closer to surpassing the $50 psychological mark, buyers anticipate a new 52-week high.
AVAX tests critical $38.57 support while showing strong network growth with a 28.56% increase in active addresses and $1.362 billion in Total Value Locked.
Next few days could be critical for AVAX's price action on the charts.
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.
Avalanche (AVAX) has become one of the most closely watched cryptocurrencies in recent years, especially as it continues to gain traction among investors and developers alike. As the broader market enters what many are anticipating to be a new bull cycle, AVAX is expected to play a key role in this potential surge.
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.
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.
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.
Avalanche has just welcomed its largest software update ever hosted, with a dedicated launch on the Fuji testnet.
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?
Story Highlights The Avalanche price retests the $45 mark, eyes to hit $50. The EMA 50/200-day record a Golden Cross in the daily time frame, highlighting a higher target. The AVAX price has soared over 70% during this month. The AVAX token has maintained its bullish price action despite increased price volatility.
The controversial crypto founder has labeled his efforts as geared towards driving innovation in the U.S.
This week's crypto calendar is packed with major events, as Sonic Labs is about to launch its L1 mainnet, the Avalanche Etna update went live, Jupuary voting began for Jupiter, and more.
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.
Avalanche is going through its largest upgrade since the mainnet launch, unlocking more than $40 million in retroactive rewards.
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.
Bitcoin's failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.
The Avalanche Foundation will disburse $40 million in retroactive grants as the new upgrade hits testnet ahead of a planned 2025 launch.
Also launching Monday is Retro9000, a grant program of $40 million to reward builders developing Layer 1 blockchains and other tools on the Avalanche9000 testnet.
Avalanche's largest upgrade to date, Avalanche9000, went live on testnet Monday. The upgrade is designed to cut costs of sending transactions and operating validators, making it easier to build apps on the network.
Story Highlights The live price of the AVAX crypto token is . Avalanche price may reach a maximum of $100 by the end of 2024. With a potential surge, the AVAX coin price may achieve a high of $528 mark by 2030.
The price of Avalanche (AVAX) has risen to a high of $45.07, continuing its uptrend. Cryptocurrency price analysis brought by Coinidol.com.
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.
Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?
Widely followed crypto trader Rekt Capital says that Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big rally to new price targets. Rekt Capital tells his 514,000 followers on the social media platform X that AVAX has turned the $38.
The crypto market is buzzing with Avalanche (AVAX) establishing itself as one of the best-performing assets in recent weeks. With its value doubling in record time, AVAX has captured the attention of investors while also rekindling speculation about a potential prolonged rally.