Can TRX/ETH extend its 23% rally after Tron takes the lead with USDT?

Share

The supply of USDT on the Tron blockchain declined by only about 1% at the time of publication, compared with nearly 9% on Ethereum, bringing Tron’s share of total USDT supply above 52%. Ethereum lost more than $30 billion in stablecoin supply over 12 months, while Tron gained $16.1 billion, the largest increase among 45 tracked blockchains. Tron also processed 12,990,075 transactions in 24 hours, averaging roughly 150 transactions per second, indicating sustained network demand. The TRX/ETH ratio has risen by more than 23% since the start of the fourth quarter, with 0.002 as the next key resistance level.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items