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Tron (TRX) CEO Justin Sun reaches half a million Twitter followers

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Tron

Justin Sun (Tron’s CEO and founder) is probably the most adept leader in the blockchain world when it comes to marketing. That includes Twitter, which is perhaps why he’s now reached half a million followers.

In celebration of this milestone, Mr. Sun is asking people to comment on his account what they want to see the blockchain industry doing in the future (which includes all blockchains, but, mainly, Tron’s blockchain).

The original post reads:

“Thanks #TRONICS for being part of our amazing community! Tell us what you are excited to see within the #blockchain industry or on #TRON platform in the future, and get a chance to win our new swag collection! I will randomly pick 10 winners from the comments. $TRX”

From all the comments on this post, Mr. Sun will randomly choose ten people who will be awarded Tron’s new swag collection.

Why is Tron gathering so much attention from crypto enthusiasts, I hear you ask? There are several reasons. Justin Sun was already considered to be one of the most influential players in technology even before he started Tron. He’s known to be Jack Ma’s (of Alibaba fame) close friend and protegé, so even before he started, he boasted a type of credibility across both the technology and the business world that’s rarely been matched by any other project leader in the crypto verse.

Another reason is Tron’s ambition. It’s not meant to be a cryptocurrency only but a fully developed third generation blockchain platform that can deploy decentralized apps, smart contracts and, above all, aims to decentralize the world wide web.

It would mean that content creators on the internet will not need central authorities such as Amazon, Google, Facebook or Youtube to monetize their content anymore, but they will be able to be rewarded, in cryptocurrencies, by joining Tron’s decentralized web. If Tron gets its way, this would be as revolutionary as the internet itself was, compared to the printing press.

Also, Tron has been able to back up its claims so far with many new partnerships and successful developments already under its belt. The new Main Net is up and running, and working perfectly (according to user’s comments). The Virtual Machine is also deployed and working perfectly (do we need to tell again?).

Tron’s Virtual Machine is particularly important because it allows using Java (which is probably the one programming language every programmer knows) to develop apps using Tron’s blockchain. In many other environments (such as Ethereum) you can’t use a “standard” language but you have to learn the platform’s native language, and that puts off many potential developers.

As we write this article, Tron (TRX) remains a very cheap coin at two cents, and it ranks eleventh in the cryptocurrency world by market capitalization. That may not seem very impressive, but it has little to do with Tron’s achievements and everything to do with the fact that the market has been going steadily down since last December, and that TRX is still pegged to Bitcoin in exchanges.

Tron has the right balance between good administration, great marketing, and new blockchain technology that has a differential advantage over most other projects in the cryptosphere. And it has a credible leader whose Twitter account is already over half a million followers.

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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.

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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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