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Tron [TRX] regains market prominence; records highest daily USD trading volume

Arijit Sarkar

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Bitmain and BitDeer join forces in new Marketing Initiatives
Credit: Pixabay

Although Tron [TRX] struggled to regain its value throughout the year, the cryptocurrency managed to make headlines with positive news such as the anticipated launch of BitTorrent on Tron Network from Q2. In addition to it, Tron CEO Justin Sun will also disclose a new partnership with a tech giant at the ‘Consensus 2019’ conference on 13 May, 2019.

Positioned at 11th on CoinMarketCap, Tron managed to keep its investors happy with another breakthrough by recording its highest daily USD trading volume. The coin managed to cross the $20 million mark for daily USD volume trading on its 425 DApps. Further, the cryptocurrency has also been able to pull its 7-day USD volume above $100 million.

The information came into light through a tweet shared by @mishalederman, which said, 



“#TRON reaches its highest daily USD volume in months on its 425 DApps, befittingly surpassing #EOS on the eve of #Consensus2019
TRON: $20M
EOS: $16M
ETH: $5M
Also, #TRX 7 day USD volume has risen above $100M”

The tweet also reminded viewers about the upcoming BitTorrent partnership that was recently announced by Sun on his twitter handle. Moreover, Tron may experience a sudden bullish trend after it surpassed better performing altcoins such as Ethereum and EOS.

While the cryptoverse remains amazed at the recent development, Tron enthusiasts are more focused on the aftermath of integration with BTT and other tech giants in Q2. Additionally, TRX is gaining further popularity through various social happenings, such as the ongoing ‘Tesla’ giveaway and BTT airdrops.





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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