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In recent days, Tron wallet holders have shown tremendous activity in moving the sixteenth most valuable crypto from one point to another.
As Data Feed on Whale Alert, an advanced crypto analytics tracker revealed that a large unknown investor moved 51,302,229 #TRX (1,342,201 USD) from an unknown wallet to Okex, a fast growing crypto exchange.
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51.302.229 #TRX (1,342,201 USD) transferred from unknown portfolio to #Okex
Tx: https://t.co/dj6WHoF3E4
– Whale Alert (@whale_alert) 5 October 2020
Explore the Nairametrics research website for economic data
TRON at this time this report was written is trading at $ 0.02627043 with a daily trading volume of $ 885 million The price of TRX has dropped 0.8% in the past 24 hours.
TRON has a circulating supply of 72 billion coins and a maximum supply of 101 billion coins.
Should you buy Tron? Nairametrics will allow the jury to decide on that bias, but it should be noted that it is among the fastest growing cryptocurrencies in the crypto-verse. A few months ago, Tron was ranked 56th and astronomically it is now among the top sixteenth most popular cryptocurrencies.
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While Tron is emerging from Ethereum, there is a good chance the momentum will capture Ethereum-based cryptocurrencies, thereby pushing its prices upward.
What you need to know; TRON is a blockchain-based platform designed to ensure that its technology is suitable for everyday use. While Bitcoin can handle up to six transactions per second and Ethereum up to 25, TRON claims its network has a capacity of 2,000 TPS – 24/7.
READ: Crypto; Tron founder offers a $ 1 million bounty to find hackers on Twitter BTC
This project is best described as a decentralized platform focused on sharing content and entertainment; to this end, one of its biggest acquisitions was the BitTorrent file sharing service in 2018.
TRON is one of the largest and most popular blockchains globally, ranked fifteen by market value, and has entered into a strategic alliance with BitGo, a leader in digital asset financial services, to bring Wrapped Bitcoin (WBTC) and a Newly minted Wrapped Ether to the TRON Ecosystem as TRC20 tokens.
READ: Tron Whale moves 40,000,000 TRX from Okex
Just recently TRON CEO Justin Sun tweeted about the increase in transactional volume of Defi cryptography that Tron is a part of via tweet;
@Tronfoundation: DeFi ecosystem transaction volume in Q3 2020
The volume of transactions increased by 2,577%.
TRON’s DEX category holds a 41% share of the total volume.
Here we go #TRON ! #TRX $ TRX https://t.co/E6rKBF8MeD
– Justin Sun🌞 (@justinsuntron) October 3, 2020
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