The pattern of its rate of increase has changed. This coin has gained 35 percent in the last 4 days. The growth line of the coin is currently holding resistance at two points – $0.082 and $0.091. If it crosses the resistance of $0.082 (approximately Rs.6.2), the next stop will be at $0.091 (approximately Rs.6.93). Taking a look at its price history over the past one month, the Gadgets 360 Cryptocurrency Price Tracker shows that the first major jump in the price of TRON was observed on April 21, when its price increased from Rs 4.74 to Rs 5.53. The jump was about 18 percent. Since then there has been a steady decline in the price of the coin.
The next rise in TRON price was observed on April 28, but it was a marginal gain of around 2 percent. May started off quite well for the token. On May 1, its price jumped by almost 9 per cent and rose from ₹ 4.76 to ₹ 5.18. After that, on May 3, the price of Tron jumped by 10.24 percent and on May 4 it again rose by 7.11 percent to reach Rs 5.49. Tron is currently rallying and is expected to continue rising.
Recently the launch of Decentralized USD (USDD) was announced. It is being said that this will be the most stable decentralized coin in the history of humanity. It will be launched only through Tron. Tron will create its own reserve which will be the first decentralized reserve in the blockchain industry. Its launch is to be held today, i.e. on May 5. Tron founder Justin Sun has also shared the live stream information on his social media handle.
For now, Tron investors are in a tizzy. These news stories about the coin may prove to be the reason for the steady increase in its price for some time now, but it should be noted that the cryptocurrency market is considered to be extremely sensitive and volatile. When the news market gets cold like this, it also takes the price of the coin down with it.
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