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Tron network gets a boost as crypto exchange ChangeHero lists TRX

Published

6 years ago

on

Tron TRX ChangeHero

ChangeHero is a crypto exchange that permits digital asset swap instantly. This exchange medium supports cryptocurrency to cryptocurrency trades on its platform. Just about 15 hours from now, the founder of Tron, Justin Sun, announced a good news to the Tron community through his official Twitter page that ChangeHero has listed Tron on its platform.

The tweet reads:

“TRX is available now for USD at ChangeHero Instant Exchange, TRONICS can use the direct through ChangeHero.”

ChangeHero is one of the biggest and fastest growing crypto-exchanges in the world. The exchange supports more than a hundred crypto-coins, tokens, and assets. The platform also supports about nine languages and delivers smooth and speedy transactions with a great experience.

TRX listing on ChangeHero is a big boost for Tron’s network. The platform has now made TRX and USD trading available for all its customers.

Also, customers now have the opportunity to exchange TRX from ChangHero by making use of USD. ChangeHero offers a stable and secured TRX transfer on its platform, and it is one of few exchanges that have 5-star support on offer and best rates.

At the moment, TRX is matched against USD only on ChangeHero, and more trading pairs are expected to get added soon.

Undoubtedly, ever since the inception of Tron, it has attracted lots of exchanges. During the Tron migration on the 21st of Jun, 2018, big crypto-exchange such Binance, Bitfinex, and Bittrex announced their support for Tron network during the launch of its MainNet. Tron’s listing on major crypto exchanges keeps increasing as every day passes and this is due to its liquidity and futuristic long-term projects.

ChangeHero is not the only recent cryptocurrency exchange that has decided to add Tron to its platform, Abra, the only cryptocurrency wallet with a built-in exchange that supports about 28 cryptocurrencies, such as Bitcoin, Litecoin, Ether, XRP, DigiByte, etc., decided to feature Tron and Cardano on its platform just yesterday.

Justin Sun twitted about Tron’s listing on Abra on his official Twitter page today:

On the other hand, Abra stated on its official website after adding TRX, Cardano, and Basic Attention Token (BAT):

“We are really excited to have these coins listed on Abra, and we are working to bring more investment options to Abra users. Before being listed on Abra, each coin goes through a rigorous vetting process that includes assessing the coin’s liquidity, contract market making, and other factors.  Once those criteria are met, new coins are added to Abra’s synthetic currency system, which means that all assets listed on Abra are leveraging the crypto-backed stable-coin model.”

Nonetheless, Abra has also announced on its official Twitter page that it is also making out plans to launch its very own in-app European bank purchases of Bitcoin and other cryptocurrencies – with Tron (TRX) included.

As things look, more crypto exchanges might list Tron on their platform soon making us expect a positive change in its price than what it is now. At the time of writing, TRX is priced at $0.0209 and is in the red (alongside the rest of the market except Ripple’s XRP) and down by 4.66% in the last 24 hours time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Austin Neill on Unsplash

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

on

December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

on

December 22, 2023

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

Published

5 months ago

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December 1, 2023

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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