The TRON DAO team revealed the results for the HackaTRON Season 4 on May 15. The top project will share 500,000 USDD, a TRON-based stablecoin. The price of TRON (TRX) has been rising since then and has risen by 10.64% over the last seven days.
There were 625 participants in 172 projects across different categories including DeFi, Web3, NFT, GameFi, and the new Builder and Eco-Friendly categories. The top judge-selected projects in all the categories will now share 500,000 USDD. The selected qualifiers will also be given application accessibility to Huobi Ventures and TRON DAO Ventures for capital funding. The first place in each of the selected categories receives 20,000 USDD, the second place holders receives 15,000 USDD, the third place receives 10,000 USDD, the fourth place holders receives 8,000 USDD and the fifth place holders receives 6,000 USDD.
Prior to the bullish price breakout, the price of TRON had been trading in a very tight range. The main reason for the current TRX bullish trend is the successful completion of the HackaTRON Season 4 and the awarding of the top project. The bull trend is expected to continue at least in the coming days.