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Cryptocurrencyâs market cap top 10 has a newest addition â Tron. Â The Chinese-based multimedia/entertainment platform jumped to record highs between the night of January 3rd and the morning of January 4th, cementing itself among cryptoâs most valuable assets.
Out With the Old, In With the New
Come the morning of Thursday January 4th, Tron had supplanted Dash in cryptocurrencyâs top ten rankings. Â At time of writing, the asset is up 137% from its price 24 hours ago. This puts its coast at $0.19 per coin and a $12.8bln market cap.
This impressive rise contributes to what had already been incredible growth throughout the holiday season. Â Tron entered December 2017 trading for fractions of a penny at $0.002. Â By the end of the month, a single coin was worth $0.04, a staggering 1,900% increase in only a month. Â
Going into the New Year, Tronâs market cap was a respectable $3bln after the explosive growth, cooling down from an all time high of $4.3bln at the peak of its December run. Â
This cool down obviously didnât last long, and after heating up again, Tron is up 375% from its position just a few days ago. Â On December 31st, it was still ranked at #19 on Coin Market Cap even after its December bull run. Â With this additional growth, it now sits proudly as the #9 overall asset in the market.
Why All the Fuss?
Recently, Justin Sun, Tronâs founder and CEO, has taken to Twitter to hype up his maturing brainchild.
On the last day of 2017, Sun prophesied that â#TRON will be Top 10 in 2018.â Â His foresight was impressive, as even Sun likely wouldnât have guessed that his prediction would come true a mere 5 days later.
Days into the new year, Sun also has teased about the potential of game-changing partnership, noting in a January 4th tweet that Tron plans to announce a âpartnership with a very prestigious public listed company next week.â
More partnerships are coming! Even #NASDAQ listed companies and the giant companies with more than 100 million users started to contact us for partnership. We will be huge soon! #TRON #TRX $TRX
â Justin Sun (@justinsuntron) January 2, 2018
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