- TRON recorded a huge growth rate of almost +30% in the last 30 days.
- The network launched its stablecoin – Decentralized USD (USDD).
- TORN could reach $0.2 before the end of the year.
Decentralized blockchain network TRON keeps the fire going by continuing to push its price up despite a bear market. Interestingly, TRON recorded a huge growth rate of almost +30% in the last 30 days. This aggressive growth of the crypto allows it to have a trading price of over $0.08 per crypto. Currently, TRON is one of the top 20 digital assets of CoinGecko with a huge market capitalization of over $8 billion.
On May 5, the network launched its TRON-issued algorithmic stablecoin – Decentralized USD (USDD). In addition, TRON said that the platform’s USDD project will be supported by $600 million in funding which will be used to develop the stablecoin’s mainnet. Currently, USDD is supported by SunSwap, Uniswap, PancakeSwap, and Ellipsis, to name a few.
The achievements mentioned above are just some of the developments that have contributed to the surge in the price of TRON over the past few weeks. If this continues, there is a tendency for the price of TRON to breakout and increase by almost +200%.
As can be seen in the chart above, TRON managed to push its price up from January to May. This rise in price created a huge growth rate of +80%, pushing the value of the token from $0.05 to $0.08. If this trend continues, it is possible that the price of the cryptocurrency will reach almost $0.2 before the end of the year.
Meanwhile, the relative strength index (RSI) of the crypto is at 61.33. This means that the crypto is neither overbought nor oversold. So traders and investors can always trade with confidence without fear of large price reversals. But of course, this crypto price analysis still depends on the behavior of the crypto market. Therefore, it is always recommended to do research before investing in crypto assets to avoid irreversible losses.
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