Tron dropped 18% and looks like it only accelerates.
It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply.
How death spiral may look like?
As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on.
I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
It may be connected to problems with it's stablecoin - USDD. At the picture you can see that reserves cover only 90% of supply.
How death spiral may look like?
As people start to sell USDD, USDD will have to sell TRX to keep itself stable, TRX drops in price, reserves become even smaller and so on.
I advise you to be careful with TRX for now and keep your savings in other stablecoins if possible. A lot of people believed LUNA wouldn't fail because it's such a big project but it still happened.
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👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
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👑if you want to join a private community to follow my trades, explore trading plans and chat with real traders 👉 bit.ly/AdminKeps
telegram_ t.me/+i6hmKui-24lhMmZi
👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
telegram_ t.me/+i6hmKui-24lhMmZi
👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.