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Tron (TRX) gets listed on Turkey’s fastest growing crypto trading platform

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5 years ago

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Tron

Tron is continuing spreading its tentacles and increasing its outreach this month as TRX has made it to fastest growing crypto-trading platform of Turkey, Koineks. The news itself was announced by Tron’s CEO himself, Justin Sun, who took to his official Twitter page for the announcement earlier today.

Turkey is one of the countries in the world that has taken a big interest in cryptocurrency and Tron has decided to play a major role in encouraging that interest. The Turkish crypto-trading platform, Koineks, has been known to offer more than ten digital assets and fiat currencies, including Bitcoin, Litecoin, Ethereum, Ripple, and more.

As of today, TRX deposits and withdrawals have begun on the crypto trading platform; the trading would start by tomorrow.

Just within its first year of creation, Koineks is now one of the 3 biggest crypto-exchanges in Turkey. Koineks is aiming to reach out to more and more people in other countries and it is establishing that step by adding Tron (TRX) to its platform.

Tron, on the other hand, is one of the biggest cryptocurrency in the crypto-market with a market capitalization of $1,557,896,709, at the press time, according to CoinMarketCap.

As many know already, Tron was created in 2017 by Justin Sun, its CEO and founder. The digital asset has its base in Singapore. The blockchain project prides itself to be one of the notable entertainment platforms that solely work on blockchain technology without the use of an open-source network.

Additionally, Tron has a digital asset (TRX) that also supports the creation and installation of Dapps. The blockchain was created to make payments and share entertainment contents for entertainment users. It is important to know that this is the first time the digital asset is getting listed on Koineks in any pair.

Understandably, lots of existing Tron users have expressed their gratitude with the new listing as well as it has raised the interest of Turkish investors to trade on Tron’s ecosystem.

Why These Listings on Various Crypto-exchanges?

So far, Tron has partnered with lots of crypto-exchanges to foster its ecosystem worldwide. Tron’s listing on different exchanges such as Koineks will boost the global use of TRX to increase the proficiency of the world’s entertainment industry.

As stated above, Tron ventured into the crypto-market in Sept 2017, and it was at $0.00204 in November 2017. A month later, Tron had a significant spike in its price (2000 percent) that pumped its worth to $0.0414. Right now, the cryptocurrency stands among the top 3 most-searched cryptocurrency on the internet. Tron also has a total supply of 100M TRXs with a market resource of 65M TRX. The cryptocurrency boosted its status further when it acquired BitTorrent this year.

Tron’s Listing Might Give a Boost to Koineks

Koineks started operating last year, and Faruk Fatih Özer created it. The company is based in Turkey with the sole aim of providing a crypto-platform where traders can trade cryptocurrencies with ease.

The platform began trading with just five cryptocurrencies, but right now, it has 12 coins on its platform – including Tron (TRX). Koineks is aiming to build its portfolio, and from the response of Turkish users on its decision to list Tron, it seems like the platform might get a further boost in its user base soon.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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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4 months ago

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December 29, 2023

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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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4 months ago

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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

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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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