menu
techminis

A naukri.com initiative

google-web-stories
source image

TheCryptoBasic

22h

read

272

img
dot

Image Credit: TheCryptoBasic

$2B USDT Minted on the Tron Network as Daily Transactions Surge 95%

  • The Tron network has experienced a surge in on-chain activities, with a significant increase in daily transactions by 95% as highlighted by CryptoQuant’s Maartunn.
  • Tether has minted and moved $2 billion USDT tokens on the Tron network, surpassing Ethereum in USDT supply and making Tether the third most valuable cryptocurrency with a market cap of $152 billion.
  • The uptrend in Tether's minting historically correlates with potential Bitcoin price rallies, with Lookonchain suggesting a possible rally to over $109,300 based on the latest minting.
  • Despite the positive market implications, TRON's price has not shown significant reactions to the growing ecosystem activity, with Bitcoin trading at $107,293, indicating a potential market rally.

Read Full Article

like

16 Likes

For uninterrupted reading, download the app