TRU (TrueFi) rose 24.96% in the last 24 hours

Gate News Bot news, on October 20, according to CoinMarketCap data, as of the time of writing, TRU (TrueFi) is currently priced at 0.02 USD, with a rise of 24.96% in the last 24 hours, reaching a high of 0.03 USD and a low of 0.02 USD. The current market capitalization is approximately 30.7 million USD, an increase of 6.13 million USD compared to yesterday. Ranked 709th.

TrueFi is a protocol dedicated to making credit more accessible, transparent, and programmable by bringing debt infrastructure on-chain. TRU is the governance token of TrueFi, used to approve new managers and borrowers. TrueFi offers borrowers and project managers a variety of opportunities covering “real-world” use cases and cryptocurrency institutions. The protocol is managed by TRU holders, who are responsible for approving new project managers and borrowers, as well as managing key financial and partnership decisions.

Important news about TRU recently:

1️⃣ TRU price rises significantly The price of TRU has risen by 24.96% in the past 24 hours, rebounding from a low of $0.02 to a high of $0.03. This significant pump has increased the market capitalization of TRU by $6.13 million, reaching $30.70 million.

2️⃣ TrueFi Protocol Continues to Develop As a protocol dedicated to improving accessibility, transparency, and programmability of credit, TrueFi is continuously expanding its applications in on-chain debt infrastructure. TRU token holders play a key role in the governance of the protocol, including approving new project managers and borrowers, as well as managing important financial decisions.

3️⃣ Demand for the crypto lending market rise With the ongoing development of the cryptocurrency industry, the demand for decentralized lending protocols like TrueFi is on the rise. TrueFi offers borrowers and project managers diversified opportunities, covering real-world use cases and cryptocurrency institutions, which may be a factor driving the rise in TRU prices.

From a technical perspective, TRU has broken through the resistance level of $0.02 and is currently testing the new resistance level of $0.03. If it can hold this level, it may further drive the price pump. However, investors should also be aware that a pullback may occur after such a rapid rise.

This message does not constitute investment advice, and investors should be aware of market volatility risks.