TRON (TRX) Makes Double-Digit Gains as its Community Grows on Weibo and Elsewhere

Three days to go before TRX migration and the coin rose 14.66 percent over 24 hours

Tue, 19/06/2018 - 15:42

TRON (TRX) Makes Double-Digit Gains as its Community Grows on Weibo and Elsewhere

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For over a month already Tron has been going up and down. Last sharp price takeoff was in the third week of May– to $0.082. At the moment, TRX is trading at $0.047 and is on 10th position in terms of its market cap, which is $3.149 bln.

TRX is closely followed by the Maker coin with a 10.04 percent rise and Ethereum Classic with a 9.49-percent increase among the whole top 50 list.

TRON community grows

Lately Justin Sun tweeted about reaching 500,000 followers on Twitter and one mln of them on the Chinese social network Weibo. Now with only a few days to go before the genesis block, Tron has made quite a lot of announcements for the past month, which has been partly the cause of its community increase.

We have more than 500k followers in Twitter now! #TRON #TRX $TRX

— Justin Sun (@justinsuntron) June 18, 2018

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TRX numerous partnerships

Recently Tron has partnered with major trading platforms, among which are Binance, Bitfinex and Bittrex, to support the approaching TRX Mainnet launch and the token migration. Overall, Tron’s user base has increased to over one mln coin holders. Recently Binance exchange has announced adding the TRX/USDT pair and TradeSatochi platform added Tron pairs as well. A remarkable collaboration has also started between Tron and Shift Markets with the goal to raise liquidity for traditional and crypto markets. This partnership is expected to let TRX connect fiat currencies and digital coins. This should make Tron available in over nine countries.

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About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.