Tron is up by almost 10% while BitTorrent (BTT) surged by about 5% in the last 24 hours. All the significant cryptocurrencies seem to be recovering well today.
At the time of writing, Tron (TRX) is ranked number 11 in the cryptocurrency market. Not too long ago, the Sun-led cryptocurrency lost the number 10 spot to Stellar (XLM). In the last 24-hours, the market value of Tron has surged upwards by an impressive 9.74% with a trading volume of $629,253,373. The current circulating supply of the crypto asset currently stands at about 66.68 billion coins.
At the time of writing, the market price of TRX stands at $0.025793 with a market capitalization of 1.7 billion USD. Not just Tron, all the significant cryptocurrencies seem to be recovering well today.
During yesterday’s trading, TRX was exchanging at about 0.020 USD, and when the year commenced, the virtual asset was changing hands at about 0.1999 USD. On further research, we not only see Tron starting the year trading at 0.019 USD but also hitting the 0.040 market price in less than six months. Looking at the progress of the Tron over the last six months, it is possible for the token to cast a similar spell in its journey on the chart.
Despite the grey weather that is hovering around the cryptocurrency market, Tron seems to have a bright future. Hence, the probabilities of surging upwards back to 0.04 USD price level. For crypto traders and investors, the current situation could be the perfect time to go deep in the pockets.
Buying these crypto-assets at the current situation could only ensure substantial profit margins in the future for those who take the risk. Traders and investors who are staring at losses should not give up as the prospects of Tron pulling a comeback are high. It is just a matter of time when the market will see this, most probably after the dust of President’s Trump comments on cryptos subside down.
Justin Sun Extends a Hand of Invitation to US President Donald Trump
Following Trump’s bitter comments towards Bitcoin and cryptocurrency, Tron founder and CEO, Justin Sun invited him alongside other crypto stakeholders at the Warren Buffet luncheon. Justin hopes to introduce and explain the crypto industry to influential individuals for them to understand the industry better. The Warren Buffet lunch is scheduled to take place on 25th July.
In response to President Trump’s series of bashing tweets, Justin excitedly took to Twitter to diplomatically engage Trump on the issue:
“Mr. POTUS, it is unfortunate that you are misguided by fake news. Contrary to what you think, Bitcoin and Blockchain technology happen to be an advantage for the US! I would love to invite you to join us with other crypto leaders at the Warren Buffet lunch that is scheduled to take place on 25th July. You have my word that after the luncheon, nobody will understand cryptocurrency better than you!”
President Trump’s earlier tweet went something like:
“I am not a fan of Bitcoin and other virtual currencies, which are not real money. Their value is highly unpredictable and is based on clouds. Unregulated and unsupervised, cryptocurrencies can encourage illegal activities that include, drug trafficking and other illicit activities.”
It is important to note that Justin Sun has so far invited three crypto executives to the Buffet lunch. The three executives are the heads of Litecoin, Binance, and Huobi.
As for BitTorrent (BTT), it is currently priced at $0.000947 with a supply of about 2.1 billion BTT. BTT’s current price marks a 4.2% increment in its market price over the last 24 hours. BTT is ranked at number 37 on the crypto market, having a market cap of more than 200 million USD.
It will be interesting to see how the President is going to react to the invitation, as we are positive about the escalation of the market shortly with or without the approval of Donald Trump.
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.