Pi Network - auto mobile mining: Join now and be one of the pioneers!!

Blog

Crypto markets are erasing all gains made this year but one asset appears to be bucking the trend at the moment and that is Tron (TRX).


Tron’s TRX Up, Altcoins Down

From an intraday low of 200 satoshis, TRX has made 8 percent to reach 216 sats a few hours ago. In dollar terms the gains are similar. Daily volume has risen from just over a billion dollars to $1.4 billion according to Coinmarketcap.com and TRX is now at the eleventh spot as it’s market cap surpasses $1 billion. The top ten is just $130k away with XLM which is in decline again.

Tron

The thing to note is that all other altcoins are either flat or falling back again so what is driving the momentum for the Tron token?

Project founder Justin Sun has been doing what he does best with another announcement about an announcement.

“I know something big for the #TRON community, which will benefit all TRC10&20 tokens. $TRX $BTT $WIN. Can you guess what it is?”

The crypto rumor mill is hinting that Poloniex is about to announce support for the TRC protocol and TRX base pairs. The US exchange posted a similar cryptic announcement a few hours ago which was retweeted by Sun.

“We’ve been working on something big for the #Poloniex community. Can you guess what it is?”

Tron Fundamentals

The latest weekly report from the Tron Foundation boasts further network growth and some impressive figures. The report summarizes Tron’s latest advancements in technical development, in addition to on-chain and dApp data records for the network.

The report added that there were 61,000 new addresses in the past week with the total number of accounts on the network topping 4.17 million. The total number of transactions surpassed 800 million with 7 million added over the past week. The number of dApps on the network reached 632, maintaining its growth rate of 0.6%.

The Foundation recently announced the launch of the Nile Test Network which comes on the back of the SunNetwork test net for scalability testing.

It is no surprise either that the project has been winning awards on Chinese crypto media which tends to favor homegrown platforms over all others.

Tron fundamentals are constantly improving but today’s FOMO is likely to be in anticipation of the Poloniex listing of TRC standards and pairs. TRX is one of the top-performing altcoins at the moment.

Will TRX re-enter the crypto top ten? Add your comments below.


Images via Bitcoinist Media Library, Coinmarketcap, Twitter: @justinsuntron

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts

DOWNLOAD MY EBOOK FOR FREE

"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris

Resources

  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2020 Cryptoracle.info - Crypto News