Tron (TRX) after today’s 11 percent price jump back at the monthly high

June 1, 2022:

The price of Tron (TRX) rises after a price consolidation in the last trading weeks back to the previous monthly high of May 8 at $ 0.09.

After the collapse of the Terra ecosystem, the TRX course is currently benefiting from the increasing demand for staking opportunities on the Tron blockchain.

A few days after the launch of the in-house algorithmic stablecoin USDD, the Tron ecosystem has already recorded an influx of more than 1.5 million new users. The staking share rose by 25 percentage points to more than six billion US dollars within a very short time. This allows Tron to take the third place behind Ethereum and Binance secure.

If the TRX price continues its trend movement to the north, from a chart technical point of view, an increase in the price towards $ 0.13 is initially conceivable. You can find the current chart analysis for Tron here.

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