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Tron Price Jumps 10 Percent in Flash Spike, Keeps Riding Green Wave on Red Market Day

  • Jack Thomas
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    Tron is one of the few coins managing to stay in the green on a red day after a flash spike pushed its price up 10 percent


Tron Price Jumps 10 Percent in Flash Spike, Keeps Riding Green Wave on Red Market Day
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The Tron price has shown a lot of excitement in the wake of the news that the company will be launching a Tron-powered USDT token today, April 9. At the announcement there was a flash spike in the price of Tron, nearly 10 percent, and on launch day, the token has stayed green.

In general, the cryptocurrency market is flashing red across the board in what is nothing more than a small correction, but the price of Tron is up five percent, which indicates a lot of excitement surrounding the launch of this new token.


Justin Sun, the man at the helm of Tron, said that this will allow USDT transactions to become easier and cheaper and will also be beneficial to Tron. This has been taken up well by the community, which is helping the price stay above the rest of the red market.

Flash spike

On Sunday, Tron managed to hit a big spike as the news of the USDT token was announced, helping reverse a long bearish trend for the cryptocurrency; this trend had seen it fall out of the top 10 and keep very much under the radar.

However, on Sunday, the coin spiked by 7.20% within an hour and noted an 8.13% growth over the day, heading towards 10 percent. This cumulated a good week as the TRX token observed a 25.53% rise in its price over seven days. However, it has yet to make it back into the top 10 cryptocurrencies list, just over 100 million dollars shy of Tether.

Launch of the pair

Today marks the launch of the pair, and it is showing in the market as Tron continues to push against the small market downturn. Tron has launched a few good partnerships and news over the past few months, but has failed to break out of its slump.

However, this latest market turnaround that looks to be changing the sentiment has helped a coin like Tron grow positively before the launch of this news, and even on the day of the launch.

This is generally a positive move for Tron, which is an ambitious project, and it has been backed up by market reaction.

Among other innovations Justin Sun has recently promised is the upcoming release of the Sun Network. As per the Tron founder, this will be another step towards achieving 100-percent scalability for Tron.

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Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?


Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?
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On a day where the markets are predominantly in the red, but only slightly, it is interesting to note that Binance Coin is surging. The exchange token is up fiver percent, but it is totally understandable as to why there is so much positivity around the company.

The biggests news, which comes off the back of its decentralized platform, Binance DEX, is that the Binance Chain mainnet has been launched and that they will be executing their Mainnet Swap on April 23rd.


This means that Binance Coin will be shifting away from Ethereum, leaving questions open as to what this means for Ethereum, which has been under the pump to stay relevant in today’s crypto and blockchain space. This move will result in a migration of $3 billion worth of BNB being moved away from the Ethereum blockchain and onto the new Binance chain.

A positive investment

All the good news emanating out of Binance has not only helped the coin to climb in price when the rest of the market settles down – it is helping it head towards a new all time high. Binance, like many altcoins, reached its ATH in January of 2018 in that parabolic stage.

Binance Coin hit $24 back then, and now, it is at $21 and rising with the thoughts being that when the mainnet move takes place, there could well be an even bigger surge. It is also interesting to note that just a few months ago, at the end of last year, it hit lows of $4.50.

Competing with Ethereum?

The mainnet move is obviously good news for Binance, as the markets are suggesting, but is it equally bad news for Ethereum, which was the holder of $3 billion thanks to the exchange. Many people have speculated that this new blockchain platform will pose competition to Ethereum, but ultimately it will help diversify Binance Coin’s use cases while also increasing its utility.

So perhaps rather than being a direct competition to ETH, it is only going to strengthen Binance Coin and in doing so perhaps spell out the future of cryptocurrencies as there is good reason to believe that this token, with its added utility and use cases, will be a viable token for the world going forward.

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