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Meet the two new members of the Tron Super Representative community

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Tron TRX

Tron (TRX) has been giving the most solid steps towards becoming a top crypto in the market, and at the same time, towards continuing in the path of achieving its goal of making the internet fully decentralized. In this sense, we need to recall that Tron launched its Test net a few months ago now, and shortly after successfully deployed its migration to its own blockchain.

Afterward, Tron’s Virtual Machine was announced, and parallel to that, the Super Representative Elections of Tron, the elections in which a self-governed community would be elected with the purpose of becoming the first democratic crypto of the market.

Concerning this, the CEO of the company, Justin Sun, has already announced 24 of the candidates that will participate in the elections, and a couple of days ago, he declared as well the integration of two new members to the panel. Let’s see all the details behind the new addition and the characteristics of these members.

The new candidates

Justin Sun made the announcement through his official Twitter account in two different Tweets. In this sense, the first member announced was TRX Market, the Tweet read:

In addition to this, one could say that TRX Market is a platform that aims to serve as an exchange service for Tron users, it actually aims to ensure that TRX holders have access to a decentralized network in which seamless transitions are deployed.

A few minutes later, another Tweet came on announcing the other candidate, which is nothing less than EtherPoker, the Tweet read:

The main goal for EtherPoker is to make the blockchain technologies, cryptocurrencies, and all of the related, more mainstream instrument for TRX enthusiasts and investors.

The role of the SR community

As Justin Sun himself defines it, the Super Representative community has a crucial role in the upcoming days of the TRX token. He expressed that the Super Representatives to be elected have a great responsibility as they will shape “the network’s safety and reliability,” and at the same time, they have the task to “embrace and advance the idea of decentralization.”

Sun also commented that he always believed an election of this kind was more than necessary to create a democratic and trustworthy community that supports the growth of the crypto and the market. Sun’s words:

“I am running this project on the side of my role of CEO and I’m trying to share updates as frequently as possible”

He concluded by highlighting the massive responsibility that all of the Tron SR candidates will have in the coming days, as well as mentioning his joy by knowing they are a step closer towards becoming democratic decentralized crypto.

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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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Jonathan Francisca on Unsplash

Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

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BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD)  on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

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Altcoins

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

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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

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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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