After a price consolidation in the last few weeks of trading, the price of Tron (TRX) has risen back to the previous monthly high of May 8th at 0.09 US dollars.
Following 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 attracted 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 third place behind Ethereum and binance to back up.
If the TRX price continues its trend movement to the north, from a technical point of view a price increase towards 0.13 US dollars is conceivable. The current chart analysis for Tron can be found here.