Wednesday, November 13, 2019

TRON overtakes Cardano to become the 11th largest cryptocurrency

The Takeaway:

Tron(TRX) is the brainchild of Justin Sun, and after facing some terrible low trades, TRX is finally showing some corrections. With these corrections, Tron became the eleventh-largest cryptocurrency with a market cap of $1.13 billion. There are chances that TRX could soon find a place for itself on McAfee's new decentralized exchange McAfeeDEX. Tron founder a few months ago postponed lunch with Warren Buffett, and he recently rekindled the hopes of it finally happening.

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Tron(TRX) is the brainchild of Justin Sun, and after facing some terrible low trades, TRX is finally showing some corrections. With these corrections, Tron became the eleventh-largest cryptocurrency with a market cap of $1.13 billion. There are chances that TRX could soon find a place for itself on McAfee’s new decentralized exchange McAfeeDEX.

Tron founder a few months back won the bid of having lunch with Warren Buffett, and he recently rekindled the hopes of it finally happening. Amid these streaks of good news, TRX is trading at $0.017093, with about 6.21% gains per day.

Recently, Tron became one of the largest DApp platforms that launched after 2017 as it added around 500,000 new users in Q3. Justin Sun shared this news on his Twitter account, informing everyone about their achievement.

McAfeeDEX adding Tron

John McAfee launched its decentralized Ethereum based exchange on 7th October as per the information provided on the official website. His exchange does not work on the KYC platform and does not ask for details like a bank account, email, or any other verification documents. 

This new platform will have access to all trading information passing through other portals as well as from DEX. This feature makes the platform accessible from several hosts and locations. This launch news had a bullish effect on Tron, and this caused a 5% surge in the prices.

In late September, Justin Sun confirmed that he is rescheduling the charity lunch with the billionaire Warren Buffett. During a live stream, he informed people about this news. He said that he is in the middle of discussions with Warren Buffett’s team, and soon, they will reschedule the lunch.

Earlier, Sun postponed the lunch, citing he has some medical issues that he has to take care of, and he apologized to everyone for over-marketing the lunch. Sun is known for his over-marketing behavior and then failing in fulfilling the promises.

Currently, TRX is doing better as compared to September, and this surge in TRX comes as good news for TRX investors and traders who have been facing the bearish cycle for so long.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Dorsey Gray
Dorsey Gray
Dorsey works in the oil and energy industry since he graduated as a mechanical engineer from Bagdad Senior High School. However, he loves to explore and write about the financial world while he sits in the balcony of his beachside room. Dorsey also loves to cook, but just for himself.

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