Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The crypto coins market is poised for a significant rebound, with several coins predicted to triple in value. This comes ahead of the US Federal Reserve's rate decision in September.
TL;DR TRON's Revenue Surge: TRON achieved a record-breaking revenue of $5.33 million, driven by the launch of SunPump, a memecoin deployer that generated $1.14 million in just 11 days. Future Predictions for TRX: Analysts forecast a 22.59% increase in TRX's price, reaching $0.190687 by August 24, 2024, supported by bullish market trends and technical indicators.
This week, the crypto sector has been brimming with intriguing developments, from internal conflicts impacting airdrops to rumors of regulatory changes in China. However, Tron meme coins were the talk of the town, dominating the headlines.
Launched in mid-August, SunPump quickly earned over $1 million in its first nine days. This is notable due to Tron's low transaction fees, which boost the platform's appeal.
The powerplay between Cardano and Tron has taken a new twist, with the former overtaking the latter in the rankings. The past few weeks saw both cryptocurrencies topple each other as the 10th largest digital currency.
Data from Arkham Intelligence revealed that the Tron DAO Reserve, responsible for maintaining the stability of USDD, has been systematically reducing its Bitcoin reserves over the past year, culminating in a 42% reduction. Despite this, the reserve still holds 8,000 Bitcoins.
The newly introduced SunPump, a meme coin deployer on the Tron network, is seeing significant adoption in the industry.
The Tron DAO Reserve has slashed its USDD stablecoin Bitcoin reserves by 42%, transferring 4,000 BTC to HTX. Justin Sun has elaborated on the rationale, linking it to foundational DeFi mechanisms.
The USDD stablecoin, issued by the TRON DAO Reserve, has seen the removal of 12,000 Bitcoin, valued at approximately $726 million, from its collateral.
The Tron DAO Reserve moved out 12,000 BTC worth around $730 million at press time. Tron founder Justin Sun noted the over-collateralization of Decentralized USD (USDD) as the reason for the withdrawal.
Crypto analyst Miles Deutscher is buzzing about TRON, calling it the next big thing in the crypto world. He's pointing out how TRON is catching fire, with major growth and attention coming. Let's explore why TRON might be a jackpot for investors, especially with its growing meme coin ecosystem and other blockchain innovations. 3.
The TRON DAO Reserve has removed 12,000 Bitcoin, worth about $728 million, from backing Justin Sun USDD stablecoin.
Tron ($TRX) holders are counting their lucky stars this week. Their token is up 18.4% from its price this time seven days ago as it trades at $0.156 as of this writing.
The Tron DAO Reserve undertook a major decision about removing Bitcoins as part of the reserves for its USDD stablecoin while flowing the proceeds back into HTX coin. This move has got crypto industry observers on the edge of their seats with Tron's stablecoin Dollar peg seeing some volatility down by 0.17% to $0.9989 as
Since its debut in mid-August, Sun Pump, a Tron-based meme coin generator, has been bustling with action. Data from Dune Analytics reveals that close to 30,000 Sun Pump-issued tokens have been minted to date, with an impressive 7,531 tokens created just this past Wednesday.
Cryptocurrency prices bounced this week after much weekend and Monday volatility. Bitcoin gained 3.6% to trade at $60,461 at the time of writing, while Ether bounced to trade at around $2,600.
TRON launches SunPump, generating $1M in just nine days as it joins the memecoin craze sparked by Solana's Pump.fun.
The cryptocurrency markets rallied after the release of the FOMC minutes. The July meeting minutes indicated that a rate will happen in September.
Major cryptocurrency Tron (TRX) has experienced a resurgence over the past week, re-entering the top 10 most valuable coins by market capitalization. Its sudden price increase was driven by a meme coin frenzy, resulting in a significant buying spree pushing its value to the highest since late 2021.
Since its debut, Tron-based meme coin deployer SunPump has generated over $1.14 million in revenue.
Tron founder Justin Sun believes the blockchain's revenue could soar to $4 billion within the next year if its current meme strategy proves successful. In an Aug.
Tron reaches record revenues while memecoin push TRX towards new horizons
The memecoin generator launched in mid-August and has crossed $1 million in revenues in its first nine days - a large amount considering Tron's low fees.
As the fear of further crypto capitulation gradually dissipates, as shown by the spike of Bitcoin's (BTC) fear and greed index to 39 percent, more crypto traders have flocked into the altcoin industry led by the Tron (TRX) network.
