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Tron [TRX]’s Mainnet Asset Swap now active on Gate.io!

Priyamvada Singh

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Tron [TRX]'s Mainnet Asset Swap now active on Gate.io!
Source: Pixabay

Justin Sun, Founder of the famous cryptocurrency Tron, has tweeted the mainnet asset swap for TRX holders on Gate.io; at a 1:1 ratio. Gate.io has re-opened the deposit and withdrawal functionality.

Sun, in his tweet, wrote:

“Gate.io has swapped the #TRX mainnet asset at a 1:1 ratio for TRX holders and provides the long-term conversion services of ERC20 to mainnet asset. @gate_io has now re-opened the function of deposit and withdrawal.”

Gate.io is a China-based cryptocurrency exchange that came into being in 2017. It was started for a hassle-free trading experience in big and small coins, including those that are hard to find. Gate.io offers trading pairs of TRX/USDT and TRX/ETH at the moment.

Recently, TRX token migration gathered a lot of big exchanges supporting the event. They include LoMoStar, Bihuex, CEO.bi, Koinex India, Bitbns, Cryptopia, Binance, Huobi.Pro, and other well-renowned platforms.



In the period prior to the mainnet launch of the TRX token, the prices have been in a phase of rapid fluctuation. In the span of one month, TRX has gone up to as high as $0.076 with a market cap of almost $316 million; it has also dropped down to a low of $0.039 with a market cap of over $242 million.

A Twitter user and crypto-trader, Eric commented:

“TRON’s mainnet was launched by TRON Independence Group based on community consensus at 10:00 on June 25, 2018 (Singapore time), and has been running smoothly ever since.”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Altcoins

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

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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”





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