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Tron [TRX] surpasses $1 billion in 24-hour trading volume after more than a year

Akash Anand

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Tron [TRX] surpasses $1 billion in 24-hour trading volume after more than a year
Source: Pixabay

The cryptocurrency market saw an unprecedented rise in prices as Bitcoin [BTC], the world’s largest cryptocurrency, rose from its hold near the $4000 mark to break the $7000 threshold. During this bull run, other altcoins such as Tron [TRX] also received a boost as its 24-hour trading volume increased hand in hand with its price.

Misha Lederman, a popular Tron proponent in the cryptoverse, tweeted,

“#TRON just passed 1 billion USD in 24-hour trading volume 📈
Last time #TRX had a 24-hour trading volume surpassing 1 billion USD was on May 1, 2018 – one month before TRON Mainnet launch over a year ago!
Good times ahead for all $TRX hodlers & users.”

Despite the price hike, the Justin Sun-led cryptocurrency was still in the 11th position and was not able to breach the top-10 cryptocurrency club. At the time of writing, Tron held a 24-hour trading volume of $1.142 billion, with a total market cap of $1.927 billion. When compared to the top ten cryptocurrencies, Tron’s 24-hour growth of 9.54% was only second to that of Ethereum’s 10 percent growth.



Sources also revealed that Tron surpassed the $20 million mark amassed from its 425 DApps. A tweet read,

“#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”

Tron was also in the news recently after Justin Sun announced that BTT will be officially launched on the Tron network in the second quarter. The Tron Foundation has been very active in its pursuit of bringing in more players to the realm of blockchain, an effort that was extended to the mainstream adoption of BTT. Tron’s CEO had tweeted,

“Glad to also announce another tech giant with hundreds of millions of users will be enabling #TRON ecosystem in Q2 as well. Guess who? To be revealed soon on #Consensus2019.”





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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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