TRON(TRX) Price Registers Double Digit Gains Post BitTorrent Acquisition
Tron (TRX) founder Justin Sun acquired BitTorrent Inc last week. At the time of acquisition, Tron (TRX) prices were in deep red. Tron (TRX) price was at $0.0466 with 12.62 percent loss. Tron has a market cap of $3 billion, and the trading volume is around $65 billion.
Speculators were having a ball, and everyone wanted to see how BitTorrent and Tron (TRX) would come together to work in unison. It was discussed whether the acquisition is going to change the future of Tron or not. Tron (TRX) failed to witness a hike in price after the MainNet launch as expected. The prices, shockingly, went south. As the token migration date approaches, Tron prices have shown signs of positivity. Tron, today, underwent a significant rebound as prices grew to 14.66% over the past 24 hours, according to the CoinMarketCap stats.
Tron prices had been volatile for over a month. Last price surge TRX had observed was on May 21st, at $0.082. As of today TRX is trading at $0.047 per coin and is ranked at the tenth position with respect to market capitalization. TRX has a significant market cap of $3,149 billion.
— Justin Sun (@justinsuntron) June 14, 2018
Tron has joined hands with significant exchanges like Binance, Bithumb, Trade Satoshi, Bitfinex, Bittrex, Coinegg, Coinrail, OTCBTC, Zebpay, Upbit, etc., for ensuring successful and seamless Tron TRX migration on June 24th. In a recent tweet, Justin Sun mentioned that more than 25 exchanges are supporting the TRX migration on June 24. Since the final migration set to take place on 25th of June, Tron is making sure that Odyssey 2.0 is safe and secure. EOS offered a bug bounty of $10,000 while Tron is doling out $100,000 for any critical bug that can play spoilsport.
— Justin Sun (@justinsuntron) June 19, 2018
Tron (TRX) is upbeat about its next milestone as the Super Representative election is scheduled for June 26. With Super Representative elections, a swing in Tron prices is expected. Hopefully, Tron would be able to register double-digit gains in coming days.
Image via Justin Sun’s Facebook Page
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