TRON price jumped 150% after the announcement …
TRON Price Jumps 150% After Announcing Cooperation With “Influential Company”
Previously outstanding cryptocurrency TRON has gained 150% this Thursday after the founder of the decentralized content distribution platform announced the conclusion of important agreements.
This morning, TRON, which has only been in existence for four months, started around the $ 0.08 level and peaked at $ 0.21. At the same time, the capitalization of the cryptocurrency exceeded $ 12 billion, which allowed it to take the 8th line in the list of the largest digital assets, in the process displacing Litecoin and IOTA, which began this year with a fall.
Rally TRON was accompanied by explosive activity of traders. Over the past 24 hours, Binance has processed $ 2.4 billion in Bitcoin and $ 500 million in Ethereum, which for the first time today surged above $ 1,000.
Such outstanding indicators are primarily associated with the statement of the CEO of the startup Justin Sun, who wrote on January 2 that companies whose shares are traded on the NASDAQ stock exchange, and the number of users exceed 100 million people, apply to him with offers of cooperation..
The second message was posted today, January 4th. “Next week we will be reporting a partnership with a very influential company listed on the stock exchange,” Sun wrote on Twitter..
Investors reacted to the announcement with an anticipated revival, as important deals could provide both short-term and long-term profitability. At the same time, potential buyers should understand that reality does not always correspond to promises, and the market tends to respond negatively to any guile.
In addition, according to the TRON white paper, it will take several years to implement the full functionality of the platform, although the ability of the team, which includes several former Alibaba developers, is undeniable and continues to instill confidence in investors..
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