news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

TRON Breaks Into Top 10 Cryptocurrencies, Displaces Dash

Following teasing tweets from its CEO, TRON pushes into 9th place by market cap, dislodging Dash to 11th place.

On the morning of Jan. 4, the cryptocurrency TRON (TRX) posted 136 percent growth, becoming the 9th largest cryptocurrency by market capitalization, and pushing Dash to 11th place.

The altcoin has been on a bullish trend since mid-December, growing well over 2,000 percent since then. In the first week of 2018 alone, the coin has seen almost 300 percent growth. TRON hit $0.20 earlier today, and is currently trading at an average of $0.17, with a market cap of $12.4 bln at press time.

TRON

What is TRON?

TRON markets itself as a Blockchain-based protocol for the entertainment industry — a platform for content distribution in which TRON’s native token, TRX, is circulated. The project ran an ICO in early September, hitting their fundraising goal of $70 mln. TRX has been trading since mid-September.

Teasing tweets

In the past few days, the founder and CEO of TRON, Justin Sun, has posted a couple of tantalizing tweets that hint at upcoming partnerships, without disclosing any names or details.

On Jan. 2, Sun tweeted about potential partnerships with “giant companies”, noting boldly “We will be huge soon!”.

Early morning Jan. 4, Sun followed up with a second teaser tweet about an upcoming “prestigious” partnership to be announced next week.

On Dec. 31, Sun predicted that his project’s cryptocurrency would break into the top ten in 2018, a feat it managed to accomplish in just the first four days of the year.

No Comments

Post A Comment