– TRX price surpasses 7-day SMA, signaling positive trend – Tron partners with LayerZero to deploy PayPal’s stablecoin PYUSD – PayPal USD aims to expand reach across blockchain networks – Tron remains largest stablecoin network, $21 trillion transfer volume – TRX gains 3% intraday, targets $0.372 if bullish momentum continues – Pepe Node presale raises over $1.16 million, attracting early investors
Tron's price rose above its 7-day average of $0.34, driven by the US Fed's rate cut and a new partnership with LayerZero to deploy PayPal's PYUSD token on the TRON network. This collaboration aims to expand the stablecoin's market reach.
- PYUSD deployment on TRON enhances accessibility and aligns with TRON's strategy following a recent 60% reduction in network fees.
- The partnership leverages LayerZero’s Omnichain Fungible Token (OFT) Standard.
- Tron remains the largest stablecoin network, with over $21 trillion in transfer volume since 2018.
TRX saw a 3% intraday rally to $0.35, surpassing the 7-day SMA, indicating renewed buying interest.
- Technical indicators show an active golden cross, suggesting a potential upward cycle.
- The MACD indicator has turned positive, reinforcing a bullish outlook.
- Resistance is at $0.372, while support is at $0.34, with potential downside to $0.31 if breached.
Community project Pepe Node is gaining attention, allowing users to build virtual meme coin mining rigs. The presale has raised over $1.16 million towards its $1.3 million target.