TRON's pivotal role in USDT’s dominance, while hosting 33.5% of USDT’s total market cap, positions it for sustained growth...
TRON’s USDT weekly volume surpassed 150 billion – A sign of strong adoption$0.1986 with a market capitalization surpassing $17 billion. In the last 7 days alone, the altcoin surged by 12.13% on the charts – An indication of strong investor confidence and bullish market sentiment.
TRON’s dominance can be further amplified by USDT’s position as the market’s leading stablecoin, representing approximately 70% of the total stablecoin market cap. Figures for the same stood at $184.02 billion, at press time. With TRON contributing $61.7 billion of USDT’s market cap through massive transaction activity, it has cemented itself as a critical enabler in the stablecoin ecosystem.
This rebound can be interpreted to be a sign of renewed interest and confidence in TRON’s ecosystem as market conditions stabilize.Despite a dip through September and October, November’s recovery highlighted TRON’s ability to bounce back. At the time of writing, the TVL had stabilized near $7 billion.On the price charts, TRX seemed to be consolidating around $0.1986, with $0.1930 acting as a critical support level. A break below this level could signal the onset of a short-term bearish trend.
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