Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price?
September 15 2022 - 10:55AM
NEWSBTC
Tron (TRX) has recently disclosed a collaboration with Wintermute
to boost Tron’s DeFi ecosystem and more so, to enhance network
accessibility and liquidity. TRX price up by 0.43% Tron spikes in
terms of popularity and value amounting to $1.2 billion Network
integration with Wintermute to improve liquidity, accessibility Not
that Tron needs it desperately as it has been outpacing its rivals
but continuous pump and evolution is necessary to thrive in the
crypto arena. Overall, the partnership aims to make Wintermute as
Tron’s official market maker to basically increase trading volumes
and to link buyers and sellers. According to CoinMarketCap, TRX
price has surged by 0.43% or trading at $0.06157 as of press time.
Tron’s popularity has been booming, pumping up $1.2 billion in
terms of value as seen since June despite others like Solana and
Ethereum retreating significantly. Related Reading: Cardano On
White House Crosshair Can Push ADA Up This Route The #TRON network
is thrilled about the union with @wintermute_t. 🤝 #sTRONgerTogether
💪 This will help in many ways: ✅ Fill trades ✅ Reduce volatility ✅
Lessen the spread for trading pairs Read the full article by
@decryptmedia 👇https://t.co/tGi3nuQhaj pic.twitter.com/6wohBBzbMy —
TRON DAO (@trondao) September 13, 2022 Tron, Wintermute Integration
To Impact TRX Price Wintermute has announced previously to be a
part of the Tron network’s DAO or Decentralized Autonomous
Organization, enabling access to both redeem and mint USDD. DAO has
also recently beefed up the network with over $200 million worth of
crypto to boost TRX, in accordance to the decision of Justin Sun,
CEO and Founder of Tron, to deploy as much as $2 billion ensuring
the optimized efficiency of USDD. The merger is said to impact the
value of TRX. In fact, TRX metrics has improved significantly as in
the past 24 hours following the announcement of the Wintermute and
Tron integration. These recent activities surrounding Tron highly
impact the improvement of its network, lifting investor sentiment.
The recent spike to TRX price proves that traders and investors are
happy about the integration and recent developments in the network.
TRX Seen With A Bullish Pullback TRX was seen to start the week
with a bullish pullback signifying overall bearish sluggishness as
the token failed to barrel past the 50% RSI mark. TRX was seen to
retrace early this week which also triggered a retest of the key
support zone at $0.065. Further, selling pressure has dwindled down
at the set price zone due the flip in investor sentiment. While
there is a possibility of a short-term uptrend, this will not be
guaranteed. TRX, created in 2017 is dubbed to be one of the
pioneering cryptocurrencies that is based originally in the
Ethereum network and then shifted to its own network the following
year. Being one of the oldest cryptocurrencies to date, it has
greatly improved in terms of stability and while it is moving a
little slow, TRX is taking more calculated and steady traction.
Related Reading: Crypto Market Hasn’t Bottomed Yet, Analyst Says –
More Pain Ahead? TRX total market cap at $5.6 billion on the
one-day chart | Source: TradingView.com Featured image from The
Daily Hodl, Chart: TradingView.com
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