'Revolution' Promised by Tron's Justin Sun Looks Like Clone of Terra's Algorithmic Stablecoin

in hive-160342 •  3 years ago  (edited)

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In 24 Hours, the exchange rate of TRX against USD increased by 5.9%. My observation is that the TRX exchange rate grew positively over a period of 1 month.

Coingecko's data chart shows an increase of 17.5% over 30 days, 32.7% over 14 days and 31.6% over a one-week period.

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TRX Exchage Rate on Mei 4th, 21.16 Indonesia Time screenshoot source

Is this upward trend influenced by the revolutionary policy in the TRON network? what "revolutions" will TRON make in this regard? see the news below.

Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but not much else.

Tron, the blockchain founded by entrepreneur Justin Sun in 2017 to compete with Ethereum, will release its algorithmic stablecoin called decentralized USD (USDD) on Thursday.

But reviews are already pouring in from crypto analysts who have glanced at early details of the project and say it mostly looks like a carbon copy of the Terra blockchain’s fast-growing stablecoin, UST.

“It is mechanistically similar to Terra's UST in terms of minting and price stability,” said Dustin Teander, an analyst at digital asset data platform Messari. Kevin Zhou, co-founder of the hedge fund Galois Capital, called it a “LUNA clone,” and Alex Krüger, a popular crypto analyst, echoed his views in a tweet.

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Will the TRX exchange rate pump significantly after this "revolution"? Let's enjoy.

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I agree with you , it will change significantly , I will enjoy when I recover what was stolen from me , I am still making staggered purchases of TRX

I guess that will change significantly. And it seems it's time to buy TRX coins,
I want to have several thousand trx for investment

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