Tron Launches Gas-Free USDT Transactions Amid TRX Price Decline
Tron is set to launch a Gas Free feature for Tether's USDT, enabling commission-free transactions without the need for TRX tokens. This update, announced by founder Justin Sun, aims to improve usability and restore Tron's status as a low-cost blockchain for stablecoin transfers.
- The Gas Free feature will be available within a week.
- This change addresses high transaction fees on Tron compared to other blockchains.
- Current transaction costs for Tron range from $3.22 to $6.54, significantly higher than competitors like Ethereum and Solana.
- The feature may expand to Ethereum and other EVM-compatible chains.
Despite this announcement, TRX experienced a price decline of over 7% in the past 24 hours, trading at $0.2305, below its 20-day exponential moving average of $0.2389. The market cap remains at $19.84 billion, keeping it in the top 10 cryptocurrencies.
TRX Price Analysis
- Relative Strength Index (RSI) is at 43.73, indicating nearing oversold conditions.
- MACD suggests potential increasing bearish pressure, with no confirmed crossover yet.
- TRX may see sluggish movement until it reclaims the 20-day EMA with strong volume.
