In a recent tweet, Tron (TRX) founder Justin Sun announced plans to upgrade the USDD stablecoin this fourth quarter. TRX coin will support the stablecoin; Sun gave several reasons why this is the best option.
Furthermore, a relatively new DeFi project called DTX Exchange (DTX) is making waves in the market due to its hybrid nature. Analysts predict that it has the potential to outperform decentralized platforms like Uniswap.
Tron (TRX) founder to make USDD a decentralized stablecoin
Justin Sun, founder of Tron (TRX) announcement in a tweet on He added that the stablecoin would be backed by the Tron token.
According to him, the on-chain revenue and burning mechanism of cryptocurrency make it the best solution for the job. Sun also mentioned that the price of Tron has remained relatively stable over the past year and its market capitalization is strong. He also talked about adding Bitcoin as collateral for the USDD stablecoin in the future.
At the same time, Tron coin is trading above the $0.16 region with weekly and monthly profits on CoinMarketCap. Based on the bullish 14-day RSIanalysts predict that the value of Tron (TRX) could reach new levels in the coming weeks. A potential target is the $0.20 region.
DTX Exchange (DTX) Hybrid Platform to Compete with Exchange Giants
DTX Exchange (DTX) is set to revolutionize online trading with its hybrid trading platform which will be a cross between a centralized exchange (CEX) and a decentralized exchange (DEX). Unlike other trading platforms designed to trade only cryptocurrencies or stocks, DTX Exchange offers its users over 120,000 asset classes, including gold, CFDs and others. This means that DTX users can easily access the $714.7 trillion Market OTC derivatives using a single account.
The exchange is also poised to become an ideal trading platform for those looking for fast transactions of 0.04 seconds and without KYC procedures. The lack of KYC makes DTX Exchange a good choice for those who want anonymity and privacy. The platform’s unique architecture is expected to drive its further development, as future features include a passive income model and lower gas fees.
These improvements will allow users to achieve the highest returns and lowest costs possible, thereby positioning DTX as a strong exchange platform in the market. The heart of this ecosystem is the DTX token, which allows its owners to use professional-grade analytics and trade with lower fees. Currently, in the fourth stage of its presale, the DeFi coin is priced at $0.08. Analysts predict a potential 10-fold increase in the future.
Uniswap (UNI) could reach $11.22 if it receives critical support
DegenLex, a leading analyst, recently spoke to X to comment on the price action of Uniswap (UNI). According to them, Uniswap price recently reached $8.65, an 81.71% rally from the local low of $4.70. According to CoinMarketCap According to the data, Uniswap crypto is trading above the $7.45 support level, which is very important for price action.
If this support level gives way, DegenLex said the next major target is at $6.70 then $5.97. But if the price holds above this support level, they predict that Uniswap coin could attempt to retest $8.85. A successful retest could lead to a major breakout to $11.22 in the long term. In the meantime, Uniswap (UNI) 14-day RSI is above 50 and paints a bullish picture.
Conclusion
While the crypto community has been waiting for the USDD upgrade, DTX Exchange is emerging as one of the top DeFi projects to watch. Its unique blend of centralized and decentralized features makes it a top-rated platform for those looking to trade various assets quickly and inexpensively.
Learn more:
Buy in presale
Visit the DTX website
Join the DTX community
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