Why did TRON Coin skyrocket (Why did TRON Coin surge today)
Why did TRON Coin skyrocket? According to the latest news, why did TRON Coin sur
Why did TRON Coin skyrocket? According to the latest news, why did TRON Coin surge? Why did TRON surge? One reason is that the continuous increase in TRX issuance has pushed TRON’s market value to its highest point in history.
According to CoinMarketCap data, as of August 1st, the global cryptocurrency market value is about 2 trillion US dollars, with a 24-hour trading volume exceeding 10 billion US dollars. The top five rankings are BTC (250 billion), BCH (11 billion), and EOS (1 billion). Bitcoin’s market value in the crypto market accounts for more than 20% of the total crypto market.
The main mechanism is that the Tron network ensures asset price stability and is not manipulable by automatically executing a series of actions such as transfer and collection through smart contracts. Ethereum also uses similar technology to solve the scalability issues in blockchain. Three, influencing factors: At the TRON community consensus conference, many people proposed ideas to upgrade the TRON ecosystem. For example, Sun Yuchen tweeted, “I support Sun Yuchen’s project, which is decentralized stablecoin,” and said, “TRON already has a stablecoin.”
Why did TRON Coin surge today
According to the latest news, TRON Coin suddenly surged today.
According to CoinMarketCap data, the trading price of TRX is $1, and it has increased by more than 5% in the past 24 hours. In addition, other tokens on the TRON network have also experienced similar increases: BTT and JST have increased by 6% and 7% respectively. At the same time, USDC has experienced strong growth (-25%) in the past week, while Tether’s market value has risen to second place. PAX is ranked third (-22%). The TRON blockchain is the same, with its circulation increasing from nearly 2 billion US dollars on December 10, 2018, to today!
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