Tron and Ripple's XRP in the High
Last week, most investors felt a lot of anxiety because of the significant fall in cryptocurrency prices. The good news is that perhaps the current position of Tron and Ripple could alleviate anxiety. The question that arises here is what has led to an increase in their value.
Some investors have linked the increase of TRX to the announcement made by the CEO and founder of the platform, Justin Sun. He hinted to Twitter followers that the platform could be a partner of a billion dollar valuation magnate – the speculation is that it is Baidu. These types of ads have the potential to positively influence the market.
The partnership can be one of the many efforts that the Tron Foundation is making to ensure that it can become one of the best cryptocurrencies on the market. The platform is currently at the forefront of trying to bring together several partners to ensure that their efforts become a reality. Moreover, TRX is trying to exploit the power of social media to generate buzz and with 1.5 million followers on Facebook, it may be possible. It has also been news that the platform is working to acquire Bit Torrent industry player for file transfers.
At this moment, many look to the future of Tron and see something bright. TRX has an impressive three percent and has a market capitalization of $ 1.63 billion. The platform was also trading at $ 0.022 with a market capitalization of $ 183.61. Even with the drop, Tron seemed to be leading the wave.
TRX is not the only platform that has enjoyed a bull market. Ripple's XRP survived the storm and remained constant.