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TRON (TRX) kept the command constant until Saturday morning, while most of the others fell. The currency managed to keep most of the gains of 33% on Friday while the volume continues to enter the TRX market.
Among the main increases, even IOTA (MIOTA) went well from one day to another, earning 9.2% of its value while the volume of trade has more than halved.
Meanwhile, Justin Sun took the opportunity to make a customary hit at Ethereum the day after the news that ConsenSys, the startup incubator Ethereum, will fire 60% of its staff.
Price TRON – TRX / USD
The TRX price declined sharply from Friday's peak – touching $ 0.018693 after exceeding $ 0.022546, but this fall was reversed towards the end of the Asian trading session and TRX rose to a rebound of 14.2%.
This was enough to bring TRX back to the value of $ 0.021392, aided largely by 22.5% of daily transactions from the TRX / KRW market compared to the daily total of $ 318 million. This is a 536% increase from the $ 50 million average from just over two days ago.
Surprisingly, the TRX volume is increasing while the global part in mass. As of yesterday, global trade volume has shrunk by 30%, and nearly 40% since Friday morning's peak, from $ 29 billion to $ 19 billion. However, it appears that the TRX is taking its turn to pump before the volume completely starts.
IOTA price – MIOTA / USD
IOTA has recovered 9.2% of its value overnight, rising from a money price of $ 0.318663 to $ 0.348163, almost returning to the peak of $ 0.349994 reached Friday morning.
Unlike TRX, the volume is rapidly leaving MIOTA. In the last twenty-four hours, the MIOTA trade volume has more than halved, from $ 29 million to $ 13 million. This is a very promising or very disturbing sign, depending on how you look at it.
One of the few alternative sectors to have a large exposure to the USD market, over 25% of IOTA's daily trading came directly from the MIOTA / USD pair on Bitfinex. Bitfinex also offers IOTA and EUR for IOTA, and have seen over half a million dollars of MIOTA pass.
Justin Sun Jabs at Ethereum
Responding to the news that Ethereum's incubator, ConsenSys, was supposed to fire 60% of its staff due to the market downturn, TRON's founder and CEO, Justin Sun, offered a liferaft to unemployed staff, while also pouring salt The wounds of Ethereum. Sun tweeted:
"All inside @ConsenSys is @ethereum please send your curriculum to [email protected] and embrace your new opportunity! You are largely welcome to join our rapidly growing and well-financed #TRON family. "
Sun has not hidden his intention to conduct TRON over Ethereum in the future, and such competitive shots have become a common element of the twypsphere crypto-CEO.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
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