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Tron Founder Touts USDD Upgrade in Q4 2024, New Crypto Token Could Overtake Uniswap

Tron Founder Touts USDD Upgrade in Q4 2024, New Crypto Token Could Overtake Uniswap

In a recent tweet, the founder of Tron (TRX), Justin Sun, announced plans to upgrade the USDD stablecoin in this fourth quarter. The TRX coin will back the stablecoin; Sun gave several reasons why it is the best option.

In other news, a relatively new DeFi project called DTX Exchange (DTX) is making waves in the market due to its hybrid nature. Analysts forecast it has the potential to potentially outshine decentralized platforms like Uniswap.

Tron (TRX) Founder To Make USDD a Decentralized Stablecoin 

Tron (TRX) founder Justin Sun announced in a tweet on X that the network is to upgrade the USDD stablecoin as its “number one project” in the last quarter of the year. He added the stablecoin would be backed by the Tron token. 

According to him, the cryptocurrency’s on-chain revenue and burn mechanism make it the best fit for the job. Sun also mentioned that the Tron price has remained relatively stable in the past year and has a strong market cap. He also talked about adding Bitcoin as a collateral for the USDD stablecoin in the future. 

In the meantime, the Tron coin is trading above the $0.16 region with profits on the weekly and monthly levels on CoinMarketCap. Based on the bullish 14-day RSI, analysts forecast the value of Tron (TRX) could pump to new levels in the coming weeks. A potential target is the $0.20 region.

DTX Exchange (DTX) Hybrid Platform To Compete With Exchange Giants

DTX Exchange (DTX) is all prepared to revolutionize online trading with its hybrid trading platform that will be a cross between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX). Unlike other trading platforms that are built to trade only cryptocurrencies or stocks, DTX Exchange provides its users with 120,000+ asset classes, including gold, CFDs, and others. This means DTX users can easily access the $714.7 trillion OTC derivatives market using a single account. 

The exchange is also ready to become a perfect trading platform for those who seek fast transactions of 0.04 seconds and no KYC procedures. The absence of KYC makes DTX Exchange a good fit for those who want anonymity and privacy. The platform’s unique architecture is expected to boost further development as the future features include a passive income model and lower gas fees. 

These improvements will enable users to get the highest returns and the least costs possible, thus positioning DTX as a strong exchange platform in the market. The heart of this ecosystem is the DTX token, which allows its owners to use professional-grade analytics and trade with lower fees. Currently, in the fourth stage of its presale, the DeFi coin is priced at $0.08. Analysts predict a 10x potential surge in the future. 

Uniswap (UNI) Could Reach $11.22 If It Holds Critical Support 

DegenLex, a top analyst, took to X lately to comment on Uniswap (UNI) price movement. According to them, the Uniswap price recently touched $8.65, which is an 81.71% recovery from the local low of $4.70. According to CoinMarketCap data, the Uniswap crypto is trading above the $7.45 support level, which is very important for the price action. 

If this support level gives in, DegenLex says the next major target is at $6.70 and then at $5.97. But if the price holds above this support level, they forecast the Uniswap coin may try to retest the $8.85. A successful retest could lead to a major breakout to $11.22 in the long run. In the meantime, Uniswap’s (UNI) 14-day RSI is above 50 and paints a bullish picture.

Conclusion 

While the crypto community awaited the USDD Upgrade, DTX Exchange is becoming one of the best DeFi projects to watch out for. Its unique blend of centralized and decentralized features makes it a top platform for those who want to trade diverse assets at fast speed and low cost.

Learn more:

Buy Presale

Visit DTX Website

Join The DTX Community

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