Skip to main content

Justin Sun: Tron will 'have no problem fending off speculation'

 


The capitalization of USDD, the stablecoin on the Tron (TRX) blockchain, is “only” $270 million, according to Justin Sun. He added that given its capitalization and reserves, Tron would have no trouble fending off speculative attacks.


Tron is faring far better than most

At the time of writing, TRX was trading at $0.07 and had lost just 4.27% of its value. In comparison, most cryptocurrencies in the top 100 by market cap lost 20-30% in the last 24 hours, which was extremely painful. Some have even lost as much as 40%.


It remains to be seen whether Sun's enthusiasm will be justified over the long term, but it hasn't gone unnoticed by pundits. Dyma Budorin, Founder and CEO of Hacken commented:


"Such a statement is in Justin's style - he never misses a single news item that might help him gain attention. I would like to remind you that in the first days of the war he tweeted a screenshot of his conversation with the state representative of the Russian Federation about using TRX in case the Russian Federation loses connection with Swift.” 


Kostiantyn Oleshko, Product Owner of CER.live added:


“In a falling market, all algorithmic stablecoins are at risk. We recommend diversifying your stablecoin portfolio to mitigate all risks.” 


About Kostiantyn Oleshko : Kostya is a Master of Science in Applied Cryptography with 6+ years of experience in the blockchain industry.


He worked as a project manager on many crypto projects, including the companies associated with the National Bank of Ukraine that developed e-hryvnia, the Ukrainian CBDC. He firmly believes that security is the key to mass crypto adoption.


About Dyma Budorin : Dmytro is a blockchain economy influencer who actively promotes the development of virtual assets market in Ukraine in cooperation with the Ministry of Digital Transformation of Ukraine.


In 2021, according to reputable news agencies, Dyma became one of the top 55 Ukrainian IT entrepreneurs.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne
Post a Comment
Read more