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Flash bounce! TRON [TRX] the only double-digit gainer among top 50 [24 hrs]

Ranjitha Shastry

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Flash bounce! TRON [TRX] the only double-digit gainer among top 50 [24 hrs]
Source: Unsplash

With just 5 days left for the token migration, Tron is getting some good news from the rise in price. The token migration is scheduled to take place from June 21st to June 25th. As this date approaches, Tron today, experienced a great recoil as prices rose to 14.66% over the past 24 hours, as per the CoinMarketCap stats.

Tron has been experiencing quite a fluctuation for over a month now. Last price surge TRX had observed was on May 21st, at $0.082. Currently, TRX is trading at $0.047 per coin and is ranked at 10 in terms of the overall market cap. TRX has a market cap of $3,149 billion.

The closest to TRON is Maker at 10.04% followed by Ethereum Classic at 9.49%, among the top 50.

Justin Sun recently tweeted about reaching 500k followers on Twitter and 1 million followers on Weibo webpage on the 9th of June. With just 6 days left for the genesis block, Tron has been making a lot of announcements over the past month.

Tron has also tied up with major exchanges like Binance, Bithumb, Trade Satoshi, Bitfinex, Bittrex, Coinegg, Coinrail, OTCBTC, Zebpay, Upbit etc., for supporting TRX migration on June 24th.

The Tron Foundation has been making constant announcements regarding the new communities participating in the Super Representative Election which is scheduled for June 26th, 2018. There are more than 40 representatives as of now participating in the elections.

Tron has expanded to over 1 million token holders with the genesis block being launched and the mainnet going live.

Homer J, a crypto enthusiast, and a Twitter user commented:

“Is this some other company you have founded Justin?”

Tron’s market transactions are also seeing some good alliances with Binance on June 11th opening TRX/USDT trading market and TradeSatoshi Exchange announcing the launch of Tron trading pairs on June 12th.



Tron had also stated its collaboration with the Shift Markets to increase liquidity for both traditional markets and cryptocurrencies. Shift’s crypto exchange platform grants an unparalleled trading exposure coupled with a variety of back-end solutions.

This partnership between Tron and Shift Markets aims at enabling the use of TRX to connect the bridge between fiat currencies and cryptocurrencies. As a result of this Tron will be available in more than 9 countries.





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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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