Tron to Offer Mooniswap Users TRX Rewards Following Integration

Tron lands its first major DeFi partnership, with the announcement of integration with 1inch.exchange.  Tron’s DeFi Bet  Mooniswap is the automated market maker and liquidity pool provider for 1inch.exchange initially built for ERC-20 tokens. JustSwap is a Tron-based trading protocol that provides automated liquidity provisions for TRC-20 tokens.  Thanks to the integration, 1inch.exchange will be able to swap ERC-20 and TRC-20 tokens, which may boost Tron’s DeFi presence. Justin Sun’s company also plans to reward liquidity providers (LP) on Mooniswap with TRX tokens as an additional incentive. Developed by co-founders…

Boring Bitcoin Sends Tron’s TRX Up By 17% in Three Days; What’s Next

Tron’s native token TRX was among the top gainers on Tuesday as its price jumped by up to 11.38 percent. The TRX/BTC exchange rate settled an intraday high at 345 sats before correcting lower ahead of the New York trading session. The move downhill appeared in contrast with Bitcoin’s slow and sideways action above $10,000. So it appears, traders decided to move into alternative assets after finding no intraday opportunities in the Bitcoin market. Tron (TRX) surges the third day in a row. Source: TradingView.com DeFi Aid Tron looked appealing…

Tron (TRX) Outperforms Bitcoin, But Here’s Why It Could Correct Lower

Tron price is up over 5%, while bitcoin is down over 5% against the US Dollar. TRX is currently testing a crucial resistance near $0.0385 and it could correct lower in the short-term. Tron price is trading in a positive zone well above the $0.0320 pivot level against the US dollar. The price traded to a new weekly high at $0.0386 and it is currently consolidating gains. There is a key connecting bullish trend line forming with support near $0.0350 on the 4-hours chart of the TRX/USD pair (data source…

Tron (TRX) Jumps 10% And Technicals Suggest More Upsides Above $0.03

Tron price rallied over 10% and it surpassed the $0.0250 and $0.0260 resistance levels against the US Dollar. TRX is currently correcting gains, but it is likely to continue higher towards $0.0300. Tron price is gaining bullish momentum above the $0.0260 resistance against the US dollar. The price traded to a new weekly high at $0.0289 and it is currently correcting lower. There was a break above a key ascending channel with resistance near $0.0264 on the 4-hours chart of the TRX/USD pair (data source from Bitfinex). The pair is…

Tron (TRX) Rallies 15% And Showing Early Signs of A Strong Uptrend

Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains. Tron price is gaining bullish momentum above the $0.0220 resistance against the US dollar. The price traded to a new weekly high at $0.0243 and it is currently correcting lower. There is a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX/USD pair (data source from Bitfinex). The pair is likely…

Tron (TRX) Price Jumps 5% And Showing Early Signs of A Fresh Rally

Tron price formed a strong support base above $0.0150 against the US Dollar. TRX is currently up over 5% and it seems like the bulls are aiming a larger rally in the near term. Tron price is gaining traction and it is trading nicely above $0.0168 against the US dollar. The price traded to a new weekly high at $0.0177 and it is showing positive signs. There was a break above a connecting bearish trend line with resistance near $0.0168 on the 4-hours chart of the TRX/USD pair (data source…

TRX in Trouble? Binance Moves $300M Tether From Tron to Ethereum

On Tuesday, Tether announced a sizable swap of USDT from the Tron blockchain to the Ethereum protocol. Tether explained that the amount of USDT in circulation would remain the same, meaning that USDT (TRC-20) will be burned and the same number of tokens will be issued on Ethereum. Tether makes use of several blockchains to host the circulating supply of USDT, which allows users to bypass congestion in a certain chain if the need arises. This system also makes USDT use easier for users invested in a certain platform to…