The price of TRX has gone up a lot in the last 24 hours because of the launch of the US dollar.
As the price of TRON (TRX) rises, it seems to be following its own path. CoinMarketCap says the majority of the cryptocurrency market is in some kind of retracement at the moment.
Tron’s price has risen in the last 24 hours, adding to the project’s positive momentum over the last week. It’s currently the 7th most valuable project in the space by market cap. The current price of TRON is $0.06892. It has increased by more than 9.80% in the last 24 hours and by about 13.35% in the last seven days to $0.06892.
If you buy and sell TRON for 24 hours, you’ll make $3,749,458,512. It could be a sign that the price of TRON isn’t done rising if there has been a big rise in trading volume in the last 24 hours and most of the weekly price momentum has come from that time. Also, TRON is getting a lot of attention on CoinMarketCap. It’s 7th on the list of projects that are getting attention.
There has been a big rise in the price of Tron in the last few hours. Justin Sun, the founder of TRON, announced the launch of USDD, a decentralized stablecoin that isn’t owned by anyone. According to Sun, the USDD will not use any centralized institutions for redemption, management, or storage. Instead, it will achieve full on-chain decentralization, which Sun says is better for everyone.
People who support TRON and the rest of the crypto world have been very happy with the news that USDD is coming. The value of USSD could be because it’s linked to the value of TRON, not the value of the dollar or gold. This gives investors and traders a crypto-backed way to pay for things.