This good news for the TRON crypto, which makes investors optimistic about a price increase!





    • TRON recorded a huge growth rate of almost + 30% in the last 30 days.
    • The network launched its stablecoin – Decentralized USD (USD).
    • TORN could reach $ 0.2 by the end of the year.

Decentralized blockchain network TRON keeps the fire burning by continuing to push up prices 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. Currently, TRON is one of the top 20 digital assets in CoinGecko with a huge market value of over $ 8 billion.

Source: CoinGecko
Source: CoinGecko

On May 5, the network launched its TRON-issued algorithmic stablecoin – Decentralized USD (USDD). In addition, TRON said the platform’s USDD project will be supported with $ 600 million in funding, which will be used to develop the stablecoins mainnet. Currently, USDD is supported by SunSwap, Uniswap, PancakeSwap and Ellipsis, to name a few.

The performance mentioned above are just some of the developments that have contributed to the rise in the price of TRON over the last few weeks. If this continues, there is a tendency for the price of TRON to break out and rise by almost + 200%.

Source: Trading View
Source: Trading View

As can be seen in the chart above, TRON managed to push its price up from January to May. This price increase created a huge growth rate of + 80%, which pushed 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 by the end of the year.

Source: Trading View
Source: Trading View

Meanwhile, the crypto relative strength index (RSI) is 61.33. This means that the crypto is neither overbought nor oversold. So traders and investors can always trade with confidence without fear of major 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 cryptocurrencies to avoid irreversible losses.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect Mirror Mags. Nothing in this article should be construed as investment advice. Mirror Mag encourages all users to do their own research before investing in cryptocurrencies.

Disclaimer

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