Tron's revenue surged 39.74% in 30 days, reflecting $2.12B in 2024 earnings, fueled by bold blockchain initiatives and investments.
Justin Sun’s $30M WLFI investment aims to drive US-pegged stablecoin adoption, aligning blockchain with U.S. financial leadership.
With a potential breakout as the Bollinger Bands shrink and the RSI stays neutral at 50.94, TRX/USDT displays stabilization at $0.2570.
According to Lookonchain Tron Network reached $329.57 million in the last 30 days, which is a 39.74% rise from the prior month. At $2.12 billion, the total revenue for 2024 has now risen by 115.73%. Tron's $30 million investment in World Liberty Financial, which was backed by the Trump family, garnered attention.
https://twitter.com/lookonchain/status/1873993751640846747 Justin Sun and WLFI Aim to Revolutionize Stablecoins
Tron founder Justin Sun declared TRON the largest investor in WLFI. Sun emphasized the U.S. as a growing blockchain hub and credited Trump for Bitcoin's evolution. WLFI aims to drive innovation by aligning with Sun's vision for blockchain advancements.
In collaboration with Aave, WLFI plans to promote the mass adoption of US-pegged stablecoins. These stablecoins are pivotal in maintaining the U.S. dollar as the global financial settlement layer. The Trump family strongly supports this initiative, highlighting its potential to secure U.S. financial leadership for the next century.
TRX/USDT Price Analysis Highlights Consolidation
The TRX/USDT pair currently trades at $0.2570, reflecting a period of consolidation. Bollinger Bands reveal reduced price volatility, with bands narrowing around the current trading range. Volume remains moderate at 62.53 million TRX, showing limited market participation. The RSI, at 50.94, indicates neutral momentum. Buyers and sellers appear equally balanced, with no strong trend dominance.
Source: CryptoRank
Support at $0.2512 has repeatedly held, while resistance at $0.2635 caps upward moves. Higher resistance at $0.3237 remains untested, showing limited bullish momentum. The recent price movement shows a steep drop followed by sideways trading.
The TRX/USDT pair remains in a narrow range between $0.2512 and $0.2635. A decisive break above or below these levels could signal the next directional move. However, subdued trading activity and declining volume point to a lack of trader conviction.
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