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#write2earn #TronNetwork EMERGES AS LEADING #BLOCKCHAIN FOR $USDT #transfers AMID CRYPTO #surge $TRX Tron, the blockchain notorious for its controversies, has found its footing as the preferred network for USDT transactions. In the midst of a fervent crypto market, Tron, whose native TRX token ranks 12th in the digital asset realm, is witnessing record-breaking daily protocol revenues, hovering around $2 million. Justin Sun, the enigmatic founder of Tron, proudly announced this significant achievement on X. Tron distinguishes itself in the crypto landscape by serving as the primary platform for stablecoin transfers. While this underscores its practical utility, Tron faces skepticism and lacks widespread support within the digital asset community. For instance, Circle, the issuer of USDC, the second-largest stablecoin, recently announced its decision to cease support for the Tron blockchain. Even Ethereum co-founder Vitalik Buterin has voiced criticisms against Tron in the past. Despite these challenges, Tron boasts the highest number of active users among blockchains, according to data from Coin98. Like many digital assets, TRX has experienced a surge in 2024, witnessing a 30% increase in value this year, with the token currently priced at $0.14.

#write2earn #TronNetwork EMERGES AS LEADING #BLOCKCHAIN FOR $USDT #transfers AMID CRYPTO #surge

$TRX

Tron, the blockchain notorious for its controversies, has found its footing as the preferred network for USDT transactions.

In the midst of a fervent crypto market, Tron, whose native TRX token ranks 12th in the digital asset realm, is witnessing record-breaking daily protocol revenues, hovering around $2 million.

Justin Sun, the enigmatic founder of Tron, proudly announced this significant achievement on X.

Tron distinguishes itself in the crypto landscape by serving as the primary platform for stablecoin transfers. While this underscores its practical utility, Tron faces skepticism and lacks widespread support within the digital asset community. For instance, Circle, the issuer of USDC, the second-largest stablecoin, recently announced its decision to cease support for the Tron blockchain.

Even Ethereum co-founder Vitalik Buterin has voiced criticisms against Tron in the past.

Despite these challenges, Tron boasts the highest number of active users among blockchains, according to data from Coin98.

Like many digital assets, TRX has experienced a surge in 2024, witnessing a 30% increase in value this year, with the token currently priced at $0.14.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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#write2earn Crypto Market Steadies as Bitcoin Consolidates and Bittensor Nears $500 #BittensorTAO #MarketNews #FIT21 #etf $TAO $BTC The overall cryptocurrency market cap (TOTAL) remains stable as the market cools off. Bitcoin's (BTC) price is expected to consolidate over the coming trading sessions, while the Bit tensor DAO token (TAO) continues its rally, nearing the $500 mark. In the News Today: US House of Representatives: Passed the Financial Innovation and Technology for the 21st Century Act (FIT21), setting up a framework for digital asset regulation. Van Eck: Pushed the SEC to approve spot Ethereum ETF filings on a first-come, first-served basis. Van Eck argues that the SEC's practice of approving all filings simultaneously to avoid giving a first mover advantage raises fairness issues. The total crypto market cap is at a crucial support level of $2.50 trillion, with anticipation of a rebound due to recent inflows. The next resistance is at $2.61 trillion, but a bullish move might only reach $2.55 trillion. Falling below $2.50 trillion could lead to a decline to $2.45 trillion, negating bullish prospects. Bitcoin Might See Consolidation: Bitcoin is trading at $69,500 after failing to break $71,800. It has critical support at $68,500 and is expected to stay rangebound between $68,500 and $71,800. If it loses support at $68,500, it could drop to $66,000. TAO Faces a Barrier: TAO is trading at $468 after a 30% rise. TAO is approaching the $500 resistance, a level it has struggled to close above. Breaking through $500 could signal a positive shift, but failure might see TAO fall back to $418 or even $351.
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#Write2earn High Hopes for SEC Approval of Spot Ether ETF as Crypto Market Awaits Decision $BTC $ETH #ETHETFS #ETH🔥🔥🔥🔥 An industry observer predicts a 90% chance that the SEC will approve a spot Ether ETF, noting the narrowing discount in the Grayscale Ethereum Trust. Early Thursday, Bitcoin (BTC) and Ether (ETH) held steady after recent gains, with the market awaiting the SEC's decision on VanEck's spot Ether ETF. Bitcoin stayed around $69,500, while Ether hovered near $3,700. Technical analysis shows a bullish trend for both cryptocurrencies. Analyst Josh Olszewicz highlighted this positive outlook on X . Data from Deribit, tracked by Amberdata, also showed a preference for call options on Bitcoin and Ether, indicating bullish sentiment. Expectations for the SEC's approval of spot Ether ETFs are driving this optimism. Markus Thielen, founder of 10x Research, noted a likely SEC approval today, citing the narrowing discount in the Grayscale Ethereum Trust as a positive indicator. Reports suggest the SEC requested updates from spot Ether ETF applicants, indicating potential approval. Noelle Acheson, author of the Crypto Is Macro Now newsletter, mentioned that this approval would signify a major shift in the SEC's stance towards crypto. On Wednesday, the U.S. House passed the FIT21 Act, aiming to clarify cryptocurrency regulation, with the SEC providing stricter oversight if classified as securities. The bill now moves to the Senate, with its future uncertain. Even if it passes, President Biden could still veto it.
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