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Another day sees more flippenings in the crypto market cap chart as the best ten digital jockey for the position. Today is Tron's turn as he climbs on the chart and earns while those around him are back in red.
Tron Flips Bitcoin SV
According to Coinmarketcap TRX has just overtaken Bitcoin SV and took ninth place in the rankings. At the time of writing this article there was only a $ 6 million difference between the two, which is nothing when the market capitalizations reach billions. However, since Tron has generally worked pretty well recently and BSV has done the opposite, the probability that he is in ninth place, and even higher, is high.
The top ten is all red during the morning trading session in the morning, apart from the TRX, which gained almost 2% on the day. The total earnings for the 24-hour period are closer to 6% as it rose from $ 0.0228 to an intraday high of $ 0.0241 before returning to current levels.
Justin Sun, who practically lives on Twitter, loses nothing;
A good start on Monday! #TRX it's up again 9. Keep moving, #TRON! $ TRX 🎉 pic.twitter.com/YqykxdDyai
– Justin Sun (@justinsuntron) January 7, 2019
Momentum comes from the launch of the BitTorrent token, BTT, which will serve the huge user base of the peer-to-peer network and is powered by the Tron network. The official white paper was recently published and TRX had a solid week gaining 25% since last Tuesday.
Conversely, Bitcoin SV did not perform so well and lost a couple of percentage points on the day the daily trading volume fell from $ 58 million to $ 44 million. Since its inception at the end of November, the BSV has been rather flaccid with a minimum of $ 65 and a maximum of $ 130. It is currently trading at $ 88 and slowly falls in the rankings as market capitalization declines.
Stellar Retakes Sixth Spot
Yesterday Stellar was overturned by Litecoin while he returned to seventh place. However, just like the two tokens mentioned above, they are both very similar in the market capitalizations that allowed the XLM to recover its place today. Stellar earned less than one percent per day, but it was sufficient considering that Litecoin dropped 2% to $ 38.
During the Asian trading session, Stellar increased its market capitalization to $ 2.32 billion, which was sufficient to exceed Litecoin for $ 2.29 billion. In general, however, the markets are withdrawing today after the $ 7 billion pump yesterday.
Image from Shutterstock
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