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TRON [TRX] Test Net’s countdown launch announced by Justin Sun – Markets turn optimistic!

Neil Kumar

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Source: Max Pixel

Justin Sun announced the launch of a countdown timer for TRON’s Test Net which is expected to go live in 12 days on March 31st this year. The TRON community has been waiting for TRON’s Main Net release as it removes the Ethereum dependency and opens doors to a bigger market. The Main Net was initially scheduled for July 1st but now has been preponed to May 31st which could shake things up for TRX.

Justin Sun's announcement of the Test Net countdown

Justin Sun’s announcement of the Test Net countdown

TRON over the past two or three weeks have made major strides in partnerships, updating their tech and getting their tokens listed with various exchanges. Tron, three weeks ago added the former Senior Software Engineer of Meituan and LeEco to their tech to cope with increasing adoption.

Two weeks ago, TRON [TRX] got listed on Bittrex and Upbit, a South Korean exchange which propelled the prices momentarily. It later got added to 6 other exchanges which bumped up the TRX prices again despite the market slow down.

Analysts call the BitGuild and TRON partnership which happened earlier last week to be a game changer as they both share the same vision of a free content entertainment system world-wide.

Both TRON investors and skeptics believe that the Main Net could change things up around and the Test Net will showcase what the team has been working on for so long. Although a clear plan how to change the TRX token from the current ERC-20 to the main net token was not announced, a better clarification from the TRON team is expected soon.



A twitterati believes that this news has come at the wrong time

A Twitterati believes that this news has come at the wrong time

Unlike the tweet above, many from the community believe that this news comes in at the right time and there is a possibility of it coinciding with the time the markets bounce back from its current bearish grip, which if it does could possibly lead to a massive bull run lead by TRON.

Bill Carlton, a TRON investor says,

“Man, I can’t believe they are worried about the price, get smart people, not everything is about the money. TRON has in the past one month done more than most other shitcoins out there. If you have a good token to begin with and an active development team then that’s the recipe for success”





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Neil Kumar has been working as a full-time reporter for AMBCrypto from January 2018. He has eight years of experience in day trading markets and a three year experience working for a blockchain company. Neil writes about blockchain and technology is a strong advocate of privacy. He had a few Litecoins and Ripple tokens months before joining AMBCrypto; he currently does not have any value in cryptocurrencies or projects.

Bitcoin

Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

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Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.



Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”





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