Analysis News TheBitTimes.com

The cryptocurrency market has faced a dip over the last few days as fresh volatility has entered the market. The rise in volatility could be due to the upcoming Federal Reserve announcement on the US monetary policy. While the market is slowing down, TRON (TRX) is seeing rallies across all time frames. The asset is up 3.4% in the daily charts, 6.9% in the weekly charts, 12.3% in the 14-day charts, 22.1% over the previous month, and 146% since July 2024, as per CoinGecko’s TRON statistics. What’s Pushing TRX? Source: CryptoRank TRON (TRX) has seen some healthy rallies over the last few days. The latest upswing comes amid a market-wide pullback. TRX’s upward momentum could be due to the recent rise in stablecoin popularity. According to cryptocurrency Analysis firm CryptoQuant, TRX’s upswing is likely due to USDT dominance and DeFi momentum on the network. TRON’s network activity has hit a multi-year high. The network registered 273 million transactions in M...

Justin Sun, the founder of the TRON (TRX) blockchain, has announced 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, will invest $30 million in World Liberty Financial. “The US is becoming the blockchain hub, and Bitcoin owes it to Donald Trump! TRON is committed to making America great again and leading innovation. Let’s go!” TRON DAO is now the largest investor in the Trump-backed DeFi project. World Liberty Financial is built on the Ethereum (ETH) blockchain and intends to sell 20 billion WLFI utility tokens of the project for $0.015 each, potentially putting it on course to raise $300 million. According to the Ethereum blockchain explorer Etherscan, TRON DAO received two billion WLFI tokens from the DeFi project, representing a 10% stake in the World Liberty Fi...

An unknown entity has printed incredible gains with a recently launched memecoin on the TRON network. Blockchain “de-anonymizing” platform Arkham says that one of the earliest investors of dog-themed altcoin SUNDOG made roughly 1,183,331% in just six days on a $1,690 investment. “This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days TT4S5 was one of the earliest SUNDOG buyers & purchased 104.33 million tokens for $1.69K. They currently hold $19.52 million of SUNDOG across 7 addresses, and also sent $1.08 million SUNDOG to exchanges – for a total profit of $20.60 million.” Source: Arkham/X SUNDOG, launched earlier this month, is trading at $0.2237 at a market cap of $223 million. The altcoin was launched on Sunpump, a platform for memecoin launch & trading, stake-mining, and self-governance on TRON backed by the chain’s founder, Justin Sun. According to analytics platform Dune, Sunpump has already done more ...