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Tron [TRX] announces future trading on OKEx platform from May 20

Namrata Shukla

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Tron [TRX] announces future trading on OKEx platform from May 20
Source: Pixabay

The cryptocurrency market has been volatile for the past few days as the coins faced a series of pumps and dumps. Tron [TRX], the eleventh largest cryptocurrency too was fighting the ever-changing market, but had the support of the community as the foundation informed their ardent followers of the developing ecosystem.

OKEx, a cryptocurrency trading platform announced that Tron [TRX] futures would be available on the exchange from May 20 at 8:00 [CET, UTC+1]. The announcement read:

“We are pleased to announce that TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC+1).”

The Chief Executive Officer [CEO] of Tron foundation, Justin Sun, claimed that Tron’s daily transactions would reach 10 to 15 million with the new development. Tron was recently in the news for surpassing 100k daily users on its DApps platform, overtaking Ethereum and EOS. The weekly DApp report added:

“This week, Topdapp also announced its support for Tron’s DApps. Currently, users can learn about the latest information on Tron’s quality DApps, DApp game reviews, rankings by different themes, DApp game strategies and so on.”

The eleventh largest coin also got listed on P2PB2B exchange as it achieved a new block height. The number of smart contracts on the Tron blockchain had also reached 983, closing on the 1k contracts mark.

The eleventh largest token was valued at $0.0276 with a market cap of $1.84 billion. The 24-hour trading volume of the coin was noted to be $817 million as it noted a growth of 3.77% over the past day. Over the past seven days, TRX spiked by 13.13%, but was falling, at press time, by 1.30%.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Bitcoin

Bitcoin falls by over 5% in an hour as major correction ensues; altcoins follow suit

Namrata Shukla

Published

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Source: Pixabay

Bitcoin [BTC], the largest cryptocurrency in the world, revisited its glorious highs over the past few weeks. However, it would seem that Bitcoin is falling back to earth since the coin was falling by 5.88% in an hour, at press time.

The coin while falling by 5.88% over the hour, was being traded at $12,251 on Bitstamp exchange. The market cap of the coin was reported to be $224 billion and the 24-hour trading volume was $41.813 billion. Over the past 24 hours, BTC fell by 9.55%, while noting a growth of 35.78% over the week.

Source: Trading view

Source: Trading view

The Bitcoin community was rooting for the coin to cross $14k and after the strong bullish momentum showcased by the coin, the target was not a far fetched one. However, the crash suddenly pulled its price below $13k. Twitter user, @aquinastheory, explained the trend,

“First MA/EMA cross to the downside since June 2nd and the time before May 4th. Either new distribution/accumulation is gonna occur here within the next few days, weeks or we’re going down for sure. #bitcoin $btc #crypto #forexsignals”

Source: Twitter

Source: Twitter

The coin was highly traded on Binance with BTC/USDT pair, reporting a trading volume of $1.881 billion. BW.com followed Binance, noting a volume of $1.686 billion with BTC/USDT pair. The third place was taken by Huobi Global with BTC/USDT pair, with the volume reported to be $1.578 billion.





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