TRON’s new stablecoin promises 20% yield, real or scam?

-

TRON’s native token, TRX, is back in the spotlight thanks to the launch of USDD 2.0, a revamped version of its stablecoin.

This fresh take has led to a noticeable jump in trading activity.

Too high yields? Is this a good idea?

Justin Sun rolled out USDD 2.0 to address the issues that plagued its predecessor, which struggled to keep its value stable and faced delistings from major exchanges.

Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀

The new version comes with a bold, maybe too bold promise, an annual return of 20%.

While some are thrilled about this potential, others are a bit skeptical. Regardless, the announcement has fueled demand for TRX, with trading volumes skyrocketing to nearly $1 billion in just one day.

TRX on the rise

This renewed interest has given TRX a much-needed boost, pushing its price up by 7%.

After a rough patch where it lost 45% of its price since hitting $0.4407 last month, this rebound already sparked chatter about whether TRX can continue climbing and even reach new heights soon.

Technical analysts are spotting some bullish signs, including a falling wedge pattern, often a precursor to a breakout.

With solid support around $0.2244, analysts suggest that TRX might hit key levels of $0.3957 and $0.4675 before potentially growing to $0.5486. And that would be a 128% increase.

But let’s be real, whether these targets are met will largely depend on how well USDD 2.0 performs and more importantly, how the community and the market reacts.

The future of TRX

As the crypto market shows signs of life again, TRON’s resurgence points out how important innovation and investor confidence are in this space.

Of course, there are still uncertainties ahead, the developments surrounding USDD 2.0 could be a pivotal moment for TRX.

Have you read it yet? eToro goes for IPO in the U.S.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Terraform Labs wants your claims, so don’t miss the deadline!

Ladies and gentlemen, hold onto your crypto wallets because Terraform Labs is back in the spotlight. Starting March 31, creditors who lost money in the...

Bitcoin’s big breakout will pump the price to $98K?

Bitcoin breakout is coming. Maybe not today, but someday, because Bitcoin might be gearing up for a climb. Popular crypto analyst Kevin Svenson, the man...

Ghibli memecoins are the next big things?

In the past few days, the internet is buzzing with Ghibli-style images, and it's not just about the art, it's about the money. OpenAI's latest...

Curve Finance founder’s selloff sparks market concerns

Alright, the crypto world is buzzing with a tale of intrigue and uncertainty. Michael Egorov, the mastermind behind Curve Finance, has been on a selling...

Most Popular

Guest posts