Down but not out. The 10th position might have been taken already, but it seems like it will not be long enough before the previous owner reclaims it.
eToro Lists Tron
The United Kingdom-headquartered and leading social trading platform, eToro has announced support for Tron (TRX). By being listed on eToro, it means that now Tron (TRX) will become available for trading to more than 10 million users who are present on the platform. Previously, the platform had announced that it would provide crypto trading services to users across 32 states in the US.
Besides, the addition of Tron to the company’s platform means that now eToro has a total of 15 crypto assets available for trading. The other assets include bitcoin, bitcoin cash, Ethereum, XRP, Ethereum classic, Litecoin, Stellar, Dash, Cardano, NEO, EOS, BNB, IOTA, and ZCASH.
So now, the users will be able to sell and buy TRX easily with fiat through the likes of PayPal, VISA, UnionPay, MasterCard, Yandex Wallet, and Webmoney among other significant payment platforms available.
Moreover, there’ll be an addendum for TRX as it will be added to eToro’s Crypto Portfolio which then will enable the investors to diversify crypto holdings across other available crypto assets in the platform.
The Ambitious Tron
Apparently, the reason for adding Tron to their trading platform is because the team behind eToro believes that Tron is an ambitious multi-faceted project which is striving to ensure a decentralized internet.
We are pleased to announce that we’ve added another cryptocurrency to our ever-growing selection of crypto assets: Tron.#TRON #TRX $trx
— eToro (@eToro) March 25, 2019
According to the CEO of eToro, Yoni Assia, Tron has already an evident success behind and that it’s making rapid progress towards lofty ambitions as well as already garnered the crypto community’s attention.
The Salient Reason to Reclaim Its Position
Over the past months, Tron has not failed to hit the headlines with a development. Rightly, there have been many partnerships flowing in. However, the asset also witnessed a setback in its ranking. Tron was outstripped 10th position by Cardano (ADA).
Interestingly, the contest seems not to be over yet.
Tron CEO Justin Sun knows well like everyone that gibbering more moves is the only way of getting back their position or even moving further up. At the moment, the contest is close as Tron has a market cap of $1.537 billion while Cardano is at $1.54 billion. Currently, Tron trades at $0.023 which is up by 1.3% over the last seven days. Things are within reach of Tron.
The listing by eToro means Tron is open to new users who are over 10 million on the platform and given that Cardano had been enjoying that advantage, Tron matching it as well gives it an extra push for mass adoption.
Furthermore, Tron planning to add 1 billion BitTorrent users to its network is a massive potential boost that will plainly see it overtake Cardano soon (again). Tron Founder and CEO, Justin Sun is not concerned about the drop in ranking as he points that trading on eToro platform gives investors a reason to Hodl TRX and hence help in its growth as well as expansion.
Image courtesy of Pixabay.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.