Connect with us

Altcoins

After losing 36% in value over the past week, Tron [TRX] gains 13% in the past hour!

Avatar

Published

on

Bitcoin zooms by 13%
Source: Wikimedia

Just 24 hours after Tron’s Test Net was released on the 31st of March, it lost value by 10% leaving the TRX community in disarray, many asking questions about the importance and relevance of Test Net. After a week of negative trading, TRON currently still is the biggest loser at -36% among the top 20 tokens according to coinmarketcap.

At press time, TRON [TRX] was showing major momentum, gaining around 13% in the past hour when the entire market is trading downwards. TRX is also the only coin among the Top 70 list to show such a major gain. TRX at press time was trading at $0.036 to a token with a market cap of $2.3 million. It also means TRON jumps back up from the 15th position to the 13th position.

Many believe this past one hour gain could result in something mammoth for the next 24 hours. A look at the trading volume shows huge amount of money pumping in through Upbit, the Korean exchange, followed by Binance.

Clark Livingstone, a TRX investor says,

“WTF is going on… when you expect a pump after a Test Net, the prices drop and when you expect the prices to drop, the price is dramatically increasing.”

A look at the Live trading segment of Price.Ambcrypto also reveals huge amounts of buy order coming in from Bitfinex and HitBTC



Tron's one hour Dramatic surge

Tron’s one-hour Dramatic surge

With the community expecting a coin burn on May 31st when the Main Net would be released, coupled with the possibility of a positive market, many expect TRON could be leading the way with a massive bull run.

Justin Sun had also recently announced the rapid increase of nodes for Tron. He had said in a recent comment that it took TRON only 2 days to reach 253 nodes across 5 continents with China and US being the leaders with 91 and 83 nodes respectively.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Andrea Pierre Jackson is a contributing News writer at AMBCrypto from December 2017. She has previous writing experience with major publishing houses in the UK and the US. Andrea currently does not hold any position in any cryptocurrency or its projects

Social

Bitcoin SV’s roller coaster price market, R3’s new partnership and more

Jibin M George

Published

on

Crypto News – 22 May 

Ethereum Foundation’s latest update: Ethereum Foundation released a blogpost, highlighting its allocation of funds for the present and future development of the Ethereum network

Read more at https://bit.ly/2wcDJp9

Israel court makes landmark ruling: An Israeli court classified the world’s largest cryptocurrency as an asset, and not as a currency

Read more at  https://bit.ly/2JTrJAW

New chapter for Ripple: Ripple’s Pat Thelen was elected onto the U.S Faster Payments Council’s Board of Directors

Read more at https://bit.ly/2YJCr1b

Craig Wright gets attacked, again: The latest crypto-proponent to attack Wright was Monero’s Ricardo Spagni, who called Wright ‘so dumb,’ and attacked his legal credentials

Read more at https://bit.ly/2EBvtnx

CryptoCompare exchange review: Bitcoin [BTC] to USDT market share fell for the first time in 6 months post-Bitfinex fiasco, the report found

Read more at https://bit.ly/2WZfnuX

Ron Paul on crypto-ban: Former Congressman Ron Paul is in the news after he claimed that Bitcoin [BTC] and crypto-ban was highly unlikely as US Dollar will self-destruct

Read more at https://bit.ly/2WrgjLL



Bitfinex launches Tokinex: Bitfinex announced its collaboration with a hybrid Ethereum-based trading platform, Ethfinex, to launch an Initial Exchange Offering [IEO] platform, Tokinex

Read more at https://bit.ly/2HJ27UH





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending