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BTC $44125.97 (4.52%)
ETH $3131.32 (9.94%)
USDT $1.00 (0.03%)
BCH $510.44 (0.56%)
BSV $130.21 (-1.8%)
LTC $152.82 (2.95%)
BNB $353.44 (3.53%)
ADA $2.24 (-0.1%)
DOGE $0.20 (1.32%)

TrueFi (TRU) Surge: Candlestick Touches the $1 Level

Positive-Signs-for-Truefi-(TRU)-to-reach-$1
  • TrueFi’s (TRU) candlestick touches the $1 level.
  • The rising coin has gained 75.07% in the last 24 hours.
  • Currently, TRU is trading at $0.8840.

Today, TrueFi’s (TRU) candlestick finally touches the $1 level. Looking at the chart in Tradingview.com, TRU is without a doubt rising in the past week.

TrueFi (TRU) Surge
FIB Retracement | Source: Tradingview.com

On this chart, the candlestick has touched the $1.06 high. Currently, TrueFi is trading at $0.8840 with a 24-hour trading volume of $579,224,255. The rising coin has gained 75.07% in the last 24 hours.

TrueFi is a DeFi protocol for transparent and stable, high return lending, with no collateral requirements for creditworthy borrowers. TRU, the Ethereum token of TrueFi, can be used for staking (i.e. to approve or reject new loans) and governance on the TrueFi protocol.

With TRU, holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Apart from this, through TRU’s credit rating, a permissionless system of credit can be built which operates purely via incentives. TRU owners have part ownership in building a new credit system.

One reason for this price can also be attributed to the recent accomplishments of TrueFi. In a tweet yesterday, TrueFi.io shared that the total loan origination value on TrueFi just blasted through $300m.

Lastly, TRU has started trading today at CoinbasePro alongside with Axie Infinity (AXS), Request (REQ), and Wrapped Luna (WLUNA).

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.