Coin of the day is Tron
Returning to the TRX, which stays within positive boundaries during today’s BTC decline.
Recap for those, who don’t follow on TRX: Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system is built with the use of distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017.
Despite that the TRON’s MainNet launch was followed by a noticeable and even dramatic decline in price, the community continues to show interest and follow the transition process.
Latest News
TRON’s TRX20 tokens to be available on Binance. This was one of the most awaited swaps post TRON’s MainNet launch. As TRON migrated from ERC20 to TRX20, all exchanges listed the new token apart from Binance. TRON has accumulated support from more than 50 digital currency trading platforms, which includes Upbit, Zebpay, and Bittrex. Today Binance announced: “Binance has completed the TRX and ICX mainnet swaps. Deposits and withdrawals for TRX and ICX are now open.”
CoinEgg completed the swap and opened TRX deposits. CoinEgg is a cryptocurrency exchange, based in the United Kingdom. Justin Sun tweeted: “@CoinEgg_LTD has completed #TRON mainnet upgrade and resumed #TRX deposit and withdrawal. $TRX www.coinegg.im/gonggao/792.html …”
Technicals
From the last review, TRXBTC did not manage to turn above the 0.000006 level and continued the falling. For now, the price has almost reached 0.000005 level, which wipes almost 70% of the May growth (0.0000032 – 0.00001) – already too deep for correction. Nonetheless, crypto markets not always move according to traditional Fibonacci patterns, and we have been seeing rebounds even at 80% mark. So, if news background will be positive and we will see at least a lateral pattern which will stop the fall above 0.000005 level – then we could expect to see a rebound.
Returning to the TRX, which stays within positive boundaries during today’s BTC decline.
Recap for those, who don’t follow on TRX: Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system is built with the use of distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017.
Despite that the TRON’s MainNet launch was followed by a noticeable and even dramatic decline in price, the community continues to show interest and follow the transition process.
Latest News
TRON’s TRX20 tokens to be available on Binance. This was one of the most awaited swaps post TRON’s MainNet launch. As TRON migrated from ERC20 to TRX20, all exchanges listed the new token apart from Binance. TRON has accumulated support from more than 50 digital currency trading platforms, which includes Upbit, Zebpay, and Bittrex. Today Binance announced: “Binance has completed the TRX and ICX mainnet swaps. Deposits and withdrawals for TRX and ICX are now open.”
CoinEgg completed the swap and opened TRX deposits. CoinEgg is a cryptocurrency exchange, based in the United Kingdom. Justin Sun tweeted: “@CoinEgg_LTD has completed #TRON mainnet upgrade and resumed #TRX deposit and withdrawal. $TRX www.coinegg.im/gonggao/792.html …”
Technicals
From the last review, TRXBTC did not manage to turn above the 0.000006 level and continued the falling. For now, the price has almost reached 0.000005 level, which wipes almost 70% of the May growth (0.0000032 – 0.00001) – already too deep for correction. Nonetheless, crypto markets not always move according to traditional Fibonacci patterns, and we have been seeing rebounds even at 80% mark. So, if news background will be positive and we will see at least a lateral pattern which will stop the fall above 0.000005 level – then we could expect to see a rebound.
