Connect with us

Altcoins

Can TRON [TRX] enthusiasts be bullish about its growth in second quarter?

Laira Rebecca

Published

on

Can TRON [TRX]’s enthusiasts be bullish about its growth in quarter 2?
Source: Public Domain Pictures

Justin Sun, the CEO and Founder of has recently tweeted about TRON [TRX]’s performance in quarter 1. Over the first three months of 2018, TRON has gained a lot of attention from cryptocurrency investors compared to other currencies. TRON started the year with a market cap of $2.93 with a 522% increase in price during the first week of January itself. However, the price fell down by the end of January and February due to the market crash. Most of the other cryptocurrencies also faced a drop in price at this time.

TRON’s Testnet launch was a breakthrough for the cryptocurrency and the prices gained momentum by the end of Quarter 1 and reached $0.05. According to the reports, TRON did perform well in a bearish market though there were some loss and gain in between.

TRON has already started its countdown for the main net launch and has been scheduled for May 31st. Justin Sun has already published this news in a recent tweet. The ERC20 network reliability will be eliminated with the main net launch.

TRON [TRX] is currently trading at $0.039. The overall volume of TRX is trending in green for one week with 7.51%. However, it is being noticed that TRON has fallen two positions down and is standing at 14th position now with a market cap of $2.6 billion.

A TRON investor replied to Justin Sun’s weekly report tweet:



“Do something Justin all my savings invested in TRX Hope it will rise again!!”

Eric Leong a cryptocurrency enthusiast says:

“Tron faster grow up n spike please..verge already spike..how come tron can lose to verge..gogo tron..”

Another Twitterati commented:

“Just keep working I’ll wait on your main net launch …I will see if people dump or purchase the coin. We r all done by not trading any single tron when we were at .31c and see where will u take ask and ask for a moonshot at .31c”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Laira is a full-time writer at AMBCrypto. She is a Computer Science graduate and she has about 1-year experience in writing. Her enthusiasm and keen interest in developing her knowledge about blockchain and cryptocurrency led her to be a part of AMBCrypto. She currently does not hold any value in cryptocurrency or its projects.

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

Avatar

Published

on

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending