Justin Sun Tweets New Partnership with “Industry Giant”, TRX Rises 14 Percent

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Sat, 10/13/2018 - 10:44
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Over the past week, the market has been in the red area, thus disappointing investors and holders. Tron (TRX) has been more often in green than in red, pretty much due to the new movements made by the platform team.

The biggest TRX trader

At the time of writing, TRX is trading at $0,023324 after a 5.17 percent rise. Earlier this week, TRX even demonstrated a 14 percent surge.

The well-known fact is that the largest number of TRX traded is conducted on Binance. This exchange passes through itself around $20.511 mln equivalent of TRX. Bit-Z follows this trading giant, with a circulation of $20.284 mln worth of TRX going through its traders.

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New partnership

On Friday, the CEO of Tron Justin Sun proudly announced teaming up with a new partner that he called an “industry giant” offering his followers to guess what company he was talking about. That, most likely, contributed to yesterday’s surge of TRX.

The announcement provoked a heated reaction of the community. Last time a similar thing happened when Tron revealed the purchase of BitTorrent, of which U.Today reported in summer.

XRP rising after TRX

Ripple’s coin is another asset which has picked the bullish movement and is going up, following TRX. However, on Saturday, XRP fell down a little and is currently sitting at $0,422317 after a 0.17 percent decrease.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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