Market Analysis

Tron as “One of the Most Profitable Coins in Future” while Adding Liquidity with Serial Listing

from Coin Gape 5 years ago 0 0 656

Tron price goes green while going on a listing and new trading pair addition spree. Meanwhile, a TradingView pro user shares his deduction of Tron is one of the most profitable coins in the near future.

Tron [TRX] price sees action

In the last week, Tron has made a lot of development. The world’s 13th largest cryptocurrency saw a lot of action when it comes to price as well. At the time of writing, TRX has been sitting at $0.0200 with the gains of over 1 percent. With a market cap of $1.3 billion, it is currently managing the daily trading volume of $105 million.

Today’s pricing range of TRX has been between $0.0197 to $0.200. However, Tron is over 93 percent down from its all-time high when it’s price went $0.300.

Adding liquidity with new listings & pairings

Just two days back, Bittrex officially launched the fiat trading option for TRX and other coins. Now, people in the US can directly buy TRX for USD.

One of the leading exchange platforms with over 200 crypto pairs available, the services are allowed in few states only. Moreover, these USD markets of Bittrex can be accessed for personal and corporate accounts.

Just yesterday, Binance announced a new trading pair for Tron against its own native currency, TRX/BNB.

Binance keeps on supporting Tron as it was the first one to announce support for the token swap after mainnet and even recently had a million TRX trading competition. Now with TRX/BNB trading pair, user can have easier time trading on the exchange with BNB as the base.

Also, BitBay that controls 70% of the crypto trading market in Poland listed Tron stating,

“TRON is an ambitious project. We have no doubt that its protocol is one of the biggest operating systems in the world based on the blockchain network. We are very proud to list TRX on BitBay and present it to our users. We hope that our contest for traders will drive even more attention to TRON.”

On this listing, Justin Sun, the founder and CEO of Tron shared:

“The listing of TRX on BitBay is another milestone for us, representing another significant step of Tron into the European market. We believe that the cooperation between the two parties will provide users with more purchasing channels that are safer and more convenient.”

BitBay also announced 400,000 TRX competition that runs from September 20 to October 4.

KuCoin also added more liquidity for Tron through TRX/USDT pair.

Also, read: Tron [TRX] in Action with Price Stability, Exodus Support, Coin Burn & More Juicy Deets

SEEDGerminator and 18 million Tron tipping milestone

Tron Foundation announced the launch of SEEDGerminator by Sesamessed which is a crowdsourced venture capital program. According to Sun,

“SEEDGerminator is an accelerator which has been designed for developers who aim at creating different products including: DApps, tokens, and technology on the #TRON network.”

Moreover, with each passing day, Tron is reaching a new milestone for TRX tipping which has reached over 18 million.

There’s more, Tron is releasing a new development tool with the official announcement,

“Today we are releasing TRONWEB, a front-end javascript API that connects your project to the #TRON blockchain, equivalent to Ethereum Web3.js.”

The most profitable coin?

The research and blogging platform for financial markets, Trading View went on Twitter and shared how one of its pro-user sees Tron as the most profitable coins.

“Because the major trends are usually correlated we’ve likely found a bottom here and will start trending up at a similar rate as what we saw in December. This means that Tron could easily be one of the most profitable coins over the next year,”