Justin Sun has announced that Bit-Z Exchange will be supporting Tron Main Net migration. Bit-Z Exchange has also made an official announcement regarding the same on their official page.
Bit-Z is one of the leading exchange platforms which provides professional digital asset trading and over the counter [OTC] services. The digital assets trading exchange has listed all the top currency and will be assisting Tron Foundation with the Main Net Launch.
The official Bit-Z Exchange announcement says:
The Tron Main Net will be launched on 31st May 2018. The migration from ERC20 token to TRX will begin on 21st June 2018 after which ERC20 token will no longer be tradable and Bit-Z will be supporting all the transactions to TRX on the main net.
Justin Sun says that migration will be carried out securely and steadily without excessive operations. The migration will be completed on the Bit-Z exchange platform and users will not be required to do anything to obtain the Tron assets of the main network from the exchange after the main net transition.
Lenny Jacob, a TRX investor says:
“This is a real good news. Tron has consistently stood up to its promises. The main net is going to be a huge success and Tron is going to be setting an example to all the coins in the market.”
Karan Kumar, a cryptocurrency trader says:
“Tron is about to be taking a huge step. If the execution is done right, it might actually turn out be a hit.”
Vitalik Buterin, the Founder of Ethereum recently spoke about Tron Main Net launch during an interview with Financial Times. Vitalik considers Tron as a project that has no soul. He adds that the sudden rise of Tron’s market cap in the month of January as an example that is far ahead of what this space has actually accomplished for the world.
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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