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Tron (TRX) Comes First After Bitcoin in Recent Crypto Twitter Discussions: Report

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  • Yuri Molchan
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    As per the report, the crypto community loves Tron’s TRX nearly as much as Bitcoin – in a research by Cointrend, Tron comes second after BTC in recent Twitter discussions

Tron (TRX) Comes First After Bitcoin in Recent Crypto Twitter Discussions: Report
Cover image via 123rf.com
Contents

Twitter and Telegram are two major spaces where the crypto community conducts discussions on various coins and ways of investing in them. A recent research shows that Tron comes first after Bitcoin here.

TRX is the first after BTC on Twitter

A research made by @cointrend_jp states that Bitcoin comes first – 313 tweets. Tron's TRX comes right after the flagship currency – 191 tweets.

XRP is on the fourth spot with 70 tweets about it. The XRP price is not showing any positive dynamics so far but has declined slightly below $0.22 at the moment, as per CoinMarketCap.

DGB is on place three. ELF comes on the fifth position.

All the data was collected over a 24-hour period.

Recent Tron’s big news

The most widely discussed news to do with Tron recently is that Poloniex has acquired the Tron-based decentralized exchange TRXMarket. It has rebranded as Polonidex.

Dapp Review reports that Tron stays ahead of Ethereum and EOS dapps by the amount of active users. The report reveals that over the last week, there have been only 100,000 active users on Ethereum and EOS dapps. However, Tron-based dapps have had more than 200,000 users over the same period.

Today, it was reported that the Binance crypto heavyweight acquired Dapp Review.

👉MUST READ

Tron (TRX) Price Suddenly Surges Six Percent. Is Top 10 Possible?

Tron (TRX) Price Suddenly Surges Six Percent. Is Top 10 Possible?

Justin Sun promises a new Tron acquisition

A couple of days ago, the head of Tron, Justin Sun wrote on his Twitter page that another acquisition has been made in the Tron-BitTorrent ecosystem. As usual, he promises to reveal more details later on.

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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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Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst

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  • Yuri Molchan
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    A crypto analyst says that Bitcoin follows ‘standard crypto games’ and expects BTC price to surge to $8,200 before making a market reverse

Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

After Bitcoin bulls reclaimed the $7,400 level earlier, the flagship currency is holding in the $7,500 area. A crypto analyst says that these are ‘standard crypto games’ – Bitcoin is likely to surge into the $8,000 area before plunging again.

Bulls, get ready to rock - $8,200 on the horizon

At press-time, Bitcoin is swapping hands at $7,544. For a long while prior to that the price was trading flat in the $7,200-$7,300 area.

However, on Friday, the Bitcoin price managed to recover to the $7,500 level.

BTC price CMC
Image via CoinMarketCap

The analyst @CryptoMichNL reckons that Bitcoin is following a standard pattern of the volatile crypto market and is going to please the bulls before giving them a nasty surprise of a bearish reversal.

‘Bitcoin halving is the main catalyst’

The next Bitcoin halving programmed by Satoshi Nakamoto, the Great and Terrible, is to happen in May 2020. Many in the community believe it to accelerate the Bitcoin price surge since miners have not priced it in.

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Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Doubts about the BTC halving impact

However, a co-founder of the Morgan Creek Digital Jason Williams, the less Twitter-active than his colleague Anthony Pompliano, reckons that the Bitcoin price is likely to dip after the halving. The thing is that miners are going to get twice as fewer BTC for each new block than now and many of them are going to have to sell their BTC to pay the bills.

Besides, chances are high that small mining pools will quit since mining will stop giving them enough profit.

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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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