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Tron [TRX] gets listed on eToro; joins Bitcoin [BTC], Ethereum, and XRP

Namrata Shukla



Tron [TRX] gets listed on eToro; joins Bitcoin [BTC], Ethereum, and XRP
Source: Pixabay

Tron [TRX], which recently lost its place in the top 10 cryptocurrencies after slipping to the eleventh position on CoinMarketCap, has been listed on eToro. Tron Foundation Korea announced the listing on their Twitter handle and shared a blog post stating that by the addition of Tron on eToro, the total number of crypto assets available on the platform increased to 15.

The Co-founder and CEO of eToro, Yoni Assia, praised Tron and said that it was making fast progress towards its lofty ambitions. He added:

“Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.”

Even though Tron has slipped in the market, Tron Foundation’s Founder and CEO, Justin Sun, said that this will help the community grow.

“With our listing on eToro, we’re giving TRX holders another great platform on which to manage their assets. These steps will help grow the blockchain community and expand our reach around the world.”

Tron has joined eToro, which previously added cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], XRP, Litecoin [LTC], Ethereum Classic [ETC], Dash, Stellar [XLM], NEO, EOS, Cardano [ADA], IOTA, Binance Coin [BNB], and ZCASH  [ZEC].

At press time, Tron was valued at $0.0230 with a market cap of $1.53 billion. The eleventh largest cryptocurrency noted a 24-hour trading volume of $269 million and fell by 3.04% over the past day. The cryptocurrency registered a fall of 0.46% in the past seven days.

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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 [BTC] surges above $5,500 and breaks major resistance level; collective market rises




Bitcoin [BTC] surges above $5,500 breaking major resistance level; collective market surges
Source: Pixabay

Bitcoin [BTC] broke out of its sideways trend that saw coins fall after a brilliant start to April. This “break-out” is especially significant since it came days after the coin was trading sluggishly, pulling the market cap below $175 billion.

After breaking the $5,200 level on April 16, the coin held steady, showing no noticeable dips. However, it also began losing the momentum it had gained when it rose by 15 percent on April 2. Many saw the past week as Bitcoin losing steam, opining that a drop to as low as $4,000 would manifest. This pessimism coupled with the delisting dilemma saw the global market decline by 3.31 percent over the past weekend.

Given this backdrop, the present Bitcoin price incline was even more bullish for the collective market. Further, this was not just an effort to shrug off “sideways bears,” but instead, two key levels were broken in order to usher a collective market rise and sustain BTC bullishness.

Source: Trading View


The first, as indicated by eToro’s senior market analyst Mati Greenspan, was the resistance level of $5,350. When Bitcoin began to consolidate following the early April high, Greenspan stated that if the BTC price were to punch above the aforementioned level, it “would likely serve as confirmation that we’re pushing higher and will lead to further buying pressure.”

Greenspan stated that the $5,350 level acted as a major support level throughout 2018. Hence, it is incredibly important that Bitcoin surge above it in the next rise to consolidate buying pressure. Another important point to signal the coming of a bullish market was the 200-day moving average which Bitcoin has stayed above since the April 2 rally.


The other significant level for the collective market is Bitcoin’s ascendance over $5,500, which it managed courtesy of this rally. Many, including Greenspan, pegged $5,000 as a key psychological level for the coin and hence, the rise above $5,500 less than three weeks after $5,000 was broken will bring back optimism to the BTC market.

Further, as was seen in the April 2 rise, the Bitcoin pump resulted in the king coin increasing its market dominance. At the close of March, Bitcoin was edging closer to losing the majority. However, the rally saw its share increase to 52.4 percent within a day. Following this recent 4.61 percent increase against the US Dollar, the king coin’s dominance increased to 53.2 percent.

Given the elasticity of the collective market to changes in Bitcoin’s price, the market was awash in green as Bitcoin broke the resistance and psychological levels. Amid this bullish charge, some coins stood out for their above-average gains, which included Bitcoin Cash [BCH], Cardano [ADA], EOS [EOS], Litecoin [LTC], and the exchange-ousted Bitcoin SV [BSV].

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