Bitcoin

Tron price prediction by Unifi Protocol TVL explodes

Tron prices held steady on Saturday, as investors continue to focus on the ongoing cryptocurrency recovery and the gains made through UNIFI. The TRX token rose $0. 70, which is about 50% above the lowest level this year. Its market cap has jumped to over $6.4 billion, making it the 17th biggest cryptocurrency in the…

Unifi protocol and USDD growth

The TRX price has surged sharply over the past weeks, as cryptocurrencies rebound. XRP, Bitcoin, Ethereum and Bitcoin have all seen significant gains in recent weeks, with the market cap for all digital coins reaching over $1.1 trillion.

Tron also rose due to the significant gains made by USDD (the stablecoin) that was launched in May of this year. USDD, an algorithmic crypto coin with high collateralization, hopes to be a major player in the crypto market.

However, concerns remain about the slow growth of the currency. Its market cap is now $725 millions. After it moved from $0 and saw strong inflows, however. This could indicate that the coin’s demand may have reached its peak.

One, investors are worried about its future because the coin is algorithmic and is backed with risky cryptocurrencies such as TRX and Bitcoin.

The expanding DeFi universe has caused the

Tron market to rise. According to DeFi Llama’s data, Tron’s total value locked (TVL), has increased to $5. 88 billion makes it the third largest platform, after Ethereum and BNB.

The Unifi Protocol has driven the majority of this growth. The total value locked in Unifi has jumped by 581% in the past 30 days to $1.5 million. This is remarkable considering that Unifi is a relatively new platform. Unifi offers several products such as uTrade and uStake.

Tron price prediction

The four-hour chart shows the strong bullish trend of the TRX price over the past few days. It has maintained above the ascending trendline in red. At the same time, it has moved slightly above the 25-day moving average while the Relative Strength Index (RSI) has moved slightly below the overbought point at 70.

It is likely that Tron’s price will rise in August due to increased demand. If this happens, the next key resistance level to watch will be at $0.80.

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XCN defies Bitcoin and Ethereum slump with 97% spike

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”