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TRXUSD

Tron / US Dollar

Industry

digital currency

Tron (TRX) is a token in much the same way that Ether (ETH) is a token. TRX crypto is the native token of Tron and is used to fuel programs running on the Tron network. TRX is thought of as a token rather than a coin because it serves a purpose other than only being a store of value or medium of exchange.

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Justin Sun, founder of the Tron network, has been appointed as the Prime Minister of Liberland, a crypto-focused micronation in Europe. This follows a blockchain-based election process. Sun's appointment comes after losing his role as Grenada's Ambassador to the WTO due to an SEC lawsuit.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 5:50 am

SUNDOG, a memecoin on the Tron blockchain, surged over 6% despite a broader memecoin slump, contrasting with declines in Dogecoin, Shiba Inu, and Pepe. Backed by Tron founder Justin Sun, SUNDOG has risen 289% since its launch on August 15.

Portfolio Pulse from Aniket Verma

September 02, 2024 | 4:12 am

Bitcoin fell below $64,000 amid a shift in focus to AI tokens, with Nvidia's upcoming earnings report influencing market sentiment. Anthony Scaramucci views Bitcoin as an early-adopting technology facing regulatory challenges but sees potential for broader acceptance.

Portfolio Pulse from Murtuza Merchant

August 26, 2024 | 3:43 pm

Telegram founder Pavel Durov's arrest in France has sparked reactions from key figures in the cryptocurrency space, including Ethereum's Vitalik Buterin and Tron's Justin Sun. Buterin expressed concerns about software and communication freedom in Europe, while Sun proposed a decentralized funding initiative to support Durov legally.

Portfolio Pulse from Aniket Verma

August 26, 2024 | 1:35 am

Bitcoin and Ethereum ETFs show mixed flows with Bitcoin ETFs seeing significant inflows, while Ethereum ETFs experience outflows. Despite this, both cryptocurrencies are down. Tron stands out with a 12.5% gain due to developments in its ecosystem. Solana's ETF prospects in the US remain uncertain.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 11:27 am

Technical analyst Crypto Cred analyzed Bitcoin's recent price action, noting a rally driven by spot buying rather than futures. He identified $62,000 as a key level for Bitcoin and suggested waiting for a higher low in Ethereum before entry. Solana is seen as uninteresting, while Tron shows strength due to meme coin activity.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 4:40 pm

Justin Sun, founder of the Tron blockchain, has accumulated $36 million worth of Ethereum, bringing his total Ether investments to 392,474 ETH since February. This move comes amid a market downturn and follows Ethereum's recent price recovery. Sun also deposited $49 million worth of Tether to HTX, indicating potential further Ether accumulation.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 8:39 am

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