Connect with us

Altcoins

Tron’s [TRX] Justin Sun claims that 2019 will be the year of stablecoins

Akash Anand

Published

on

Tron [TRX]'s Justin Sun claims that 2019 will be the year of stablecoins
Source: Pixabay

Tron [TRX] has seen a significant number of updates and developments from a technical point of view, as well as from the perspective of mainstream adoption. This rampant increase can be mainly attributed to Justin Sun, Chief Executive Officer of the Tron Foundation.

In a recent interview with BlockTV, Sun spoke about the upcoming BitTorrent token [BTT] airdrop, the Opera browser integrations and what is in store for 2019. In his words,

“The integration of BitTorrent and Tron was a landmark move because it brought in more than a 100 million users to our network. This is what we intend to do with the Opera integration as well, with the aim of pushing the ecosystem towards Web 4.0.”

The Opera team will allow users to access games and DApps based on Tron’s blockchain technology. The highlight of the integration is that users will not require a third party browser and wallet integration to use it.

Krystian Kolondra, EVP at Opera, stated,



“TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it….By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”

The Tron CEO further opined that 2019 would be the year of the stablecoins and cryptocurrencies established by mainstream players like JP Morgan and Facebook. According to him, stablecoins are definitely a smart move, with Sun even claiming that Facebook could swallow the market. Sun added,

“When we see institutions like Facebook entering the field, we know that the market is maturing. If done right, the influence of these big companies will ensure that the industry progresses in the right direction.”

Tron was in the news recently after the 11th ranked cryptocurrency surpassed $1 billion in terms of 24-hour trading volume, after more than a year. The last time Tron had breached the $1 billion mark was on May 1, 2018.





Subscribe to AMBCrypto’s Newsletter


News

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

Namrata Shukla

Published

on

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.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending