Connect with us

Altcoins

TRON [TRX] has Taiwan supporters – 2 days for the big day!

Simran Alphonso

Published

on

TRON [TRX] has Taiwan supporters: 2 days for the big day!
Source: Pixabay

TRON [TRX] has been accumulating support from all its kindred trades and familiar associations for the most-anticipated and forthcoming blockchain overhaul and token relocation.

Backings for TRON blockchain update and token relocation is on the run in since the token movement has started. TRON propelled its virtual machine on May 25th, while its MainNet went live on May 31st.

As the biggest cryptographic money exchanging stage in Taiwan, today, Max Exchange announced that it would support the TRON blockchain upgrade and token migration. Investors only need to deposit TRX’s ERC-20 tokens to Max Exchange before June 24th in 2018 [UTC+8] and will receive the equivalent TRX token after MainNet launch. No transaction will be affected during the migration.

Max Exchange is committed to making a one-stop advanced resource benefit stage, with existing administrations including day trade, electronic tote, and vendor administrations. The digital currency exchange process is basic and secure. There is no requirement for middle person organizations in the exchange procedure, and there are no confinements on national limits and time.

Today, Justin Sun, co-founder of TRON, tweeted:



“Technical Update: Today #TRON conducted three active network rehearsals with the Genesis Representatives. GRs will participate anonymously in launching mainnet independence and pave the way for the #TRONSR elections. To our GRs: Thank you for your work today!”

Currently, Tron’s token migration has been processed and TRX withdrawals have been suspended. On June 26th, Tron will hold its Super Representative Election where 27 individuals will be elected and will be representing the will of people to provide validation and calculation for the network. For this, TRON conducted three active network rehearsals with the Genesis representatives, these selected leaders will be participating anonymously during the launch of TRON’s MainNet aka Independence day.

At the time of writing, TRON [TRX] is traded at the price of $0.04 with a market cap of $2.8 billion. The coin has repositioned itself from #10 to #9 on CoinMarketCap and is currently facing the pressure of the bearish market with a fall of 3.06% in its daily cap.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Altcoins

WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order

Avatar

Published

on

WAVES/BTC hits a dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Source: Pixabay

Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.

Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.

Source: TradingView

As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.

Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted



“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”

Another user @BITCVIX tweeted:

TradingView commented on this matter saying:

“Something strange is always happening in the #crypto market”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending