Tron (TRX) Poised for Growth Amid Market Optimism on Tariff Delays and Rate Cut Hopes
Dogecoin's recent 6% surge to $0.1738 has highlighted a broader cryptocurrency rally fueled by delayed U.S. tariff hikes and growing expectations for Federal Reserve rate cuts. Bitcoin reclaimed $109,000, while Ethereum and other altcoins also posted significant gains. This market optimism, driven by Treasury comments and upcoming inflation data, suggests a potential soft CPI print could further solidify bets on a September rate cut. Against this backdrop, Tron (TRX) stands to benefit from improved risk sentiment and broader crypto market momentum. As investors seek opportunities beyond major cryptocurrencies, TRX's underlying technology and growing adoption could position it for substantial growth in the coming months.
Dogecoin Leads Crypto Rally on Tariff Delay and Rate Cut Optimism
Dogecoin surged 6% to $0.1738, outpacing major cryptocurrencies as markets cheered a three-week delay in U.S. tariff hikes and growing expectations for Federal Reserve rate cuts. Bitcoin reclaimed $109,000 amid improved risk sentiment, while ethereum and altcoins posted broad-based gains.
Treasury comments and impending inflation data fueled the rally. A soft CPI print Wednesday could cement September rate cut bets, further boosting crypto's appeal as both a risk-on asset and inflation hedge. Institutional players are reportedly rotating into BTC and ETH as macro hedges.
Solana, XRP, and Cardano climbed 2-4%, mirroring moves in traditional markets. The tariff reprieve until August 1 temporarily eased global trade tensions that had weighed on risk assets earlier this week.
Trump Meme Coin Expands to Tron with USD1 Stablecoin Amid Market Pressure
The OFFICIAL TRUMP meme coin has launched on the Tron network, introducing USD1 stablecoin trading pairs in a bid to revive momentum. Justin Sun announced the integration, with initial pairs including USDT/USD1, TRX/USD1, and NFT/USD1 on sun.io.
TRUMP token currently trades at $8.61, a stark 85% decline from its January 2025 peak of $73. The project faces headwinds from insider sell-offs and a looming $520 million token unlock on July 18, potentially diluting circulating supply by 20%.
World Liberty Financial, the Trump-linked blockchain initiative, positions USD1 as the cornerstone of its DeFi ecosystem. The BitGo-issued stablecoin boasts full reserve backing through U.S. Treasuries and cash equivalents, offering institutional-grade compliance.
Tron and LayerZero Partner to Launch TRUMP on Mainnet, Boosting Market Access
Tron has announced a partnership with LayerZero to launch the TRUMP token on its mainnet, aiming to enhance market access through cross-chain interoperability. The integration leverages LayerZero's infrastructure to facilitate seamless transfers of TRUMP across the Tron blockchain, which is widely used for real-world value transfers.
Despite the announcement, details remain sparse. Neither Tron nor LayerZero provided technical specifics or a definitive launch timeline. The TRUMP community showed muted enthusiasm, reflecting broader disinterest in the meme coin amid its prolonged price decline and occasional scandals.
Tron founder Justin Sun is rumored to be a major TRUMP holder, deepening ties between the projects. This MOVE follows Sun's earlier investments in WLFI, though the strategic rationale behind the TRUMP rollout remains unclear.
