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Tron surpasses 3 million accounts in less than a year; TRX and BTT tokens surge by 5+% in an hour

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Source: Unsplash

Tron, the eleventh largest crypto by market cap, has seen a massive influx of users flocking towards it. It has been less than a year since the launch of Tron mainnet and it has already seen more than 3 million accounts.

Tron’s total accounts/addresses, at press time, tallied up to 3,004,564, and the daily increase in the number of accounts just for the month of May ranged anywhere between 9000 and 17,000.

Source: Tronscan

Moreover, the accounts at the start of 2019 stood at 1.3 million; this amounts to a 130% increase in the number of accounts in just five months.

Source: Tronscan

Additionally, it has been less than a year since the launch of Tron’s mainnet and the blockchain has already outperformed Ethereum in terms of transactions a few weeks ago. A total of 4.7 million transactions was processed in 24 hours, which was also an all-time high for Tron blockchain.

BitTorrent Token’s launch of BTFS [BitTorrent File Storage] is set on May 30, a day before the one year anniversary. According to Justin Sun, the BTFS will be “The largest decentralized file storage system”.

Justin Sun has announced via Twitter that there will be big announcement for Tron soon; after this, the price of Tron skyrocketed. The anticipation of this and approaching one-year anniversary have caused the BTT to surge 30th rank on CoinMarketCap.

In addition, the BTT was up by approximately up by 12% in a 24-hour time frame; it was up by 7.28% in less than 2 hours, at press time. Tron, however, was up by 5% in one hour.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

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TRON & XRP: Market oscillation subsides as resolute bulls take over; rationality over rewards?

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TRON & XRP: Market oscillation subsides as resolute bulls takeover; rationality over rewards?
Source: Unsplash

A mere sighter of the bullish swings within the cryptocurrency space suggests that bulls are temporary; upswings don’t last and market oscillations are a part of normalcy. The cryptocurrency realm’s relationship with bulls is an affair, not a romance, but if one were to go by present market movements, they would think love is in the air.

Since the beginning of the second quarter of 2019, the bulls have blessed the cryptocurrency market, pushing Bitcoin’s price from $4,000 to its current price of $9,150. Even with such a sharp turn for the better, there have been no steep falls, no hairpin bends, and no cliffs along the way.

The price chart for the collective market has been on the up-and-up, with even the worst of pullbacks not halting the bullish march. On the flipside, even positive isolated news for certain coins in the market have not resulted in major rallies. Rather, a calm sober sway up the price path is noticed. Two key tell-tales of this nonchalant, oscillation-less movement up the charts are Tron [TRX] and XRP, each with their own set of buoyant news.

Justin’s Sun’s Tron, on the back of yet another one of Justin Sun’s marvelous marketing masterpieces, was firmly at the centre of the cryptocurrency world, until Libra stole its thunder. However, the humdrum was not due to another Tesla half-kept promise, but due to him winning a charity auction for a lunch-date with none other than the Oracle of Omaha, Warren Buffett.

TRX peaked at $0.041, following the announcement of the lunch date between the investment tycoon and Sun. However, the current price is not a far cry from the aforementioned high. At press time, the 12th largest cryptocurrency in the market was trading at $0.033 and the plummet between the two price points was $0.029, implying the fact that the news did not have any larger implications on the Tron ecosystem or TRX itself.

Source: Trading View

XRP, the bank coin, also did not see a massive pump or dump following the announcement earlier this week. Ripple, the altcoin’s parent company, invested $50 million in MoneyGram, as the price of the coin spiked to $0.454 from $0.428. However with context, this pump pales in comparison to previous XRP spikes owing to announcements from the likes of Coinbase and Nasdaq, further acknowledging the fact that sober, and not erratic bulls, now dominate the cryptocurrency market.

Source: Trading View

Dovey Wan, Founding Partner at Primitive Ventures, attested to the “steady and solid” rise of the market, citing TRON and XRP. She tweeted,





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