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Tron (TRX) price surges amid first US TRX/USD pair and other news

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Tron TRX

TRON (TRX) is one of those coins that continues to surprise us with incredible news every day that involve the most cutting-edge developments and the most significant partnerships in the industry.

Despite the recent bearish conditions of the market TRON has managed to maintain a great flow of transactions on its network, and a close relationship with the community, that even being concerned about the decreasing prices has shown nothing but support to the coin and its projects.

But have you ever wondered how TRON makes this happen? Simple. Justin Sun, the CEO of the company, has built the closest relationship with his community, and he shares every single one of the steps that the company is making with the intention of achieving its vision of ‘decentralizing the internet.’

As a matter of fact, the last days have been pretty much exciting for the company concerning partnerships and announcement, and as it seems, regarding price as well, as the token has managed to recover the green and has started to grow one more time. Let’s discover all of the details behind the latest alliances of Sun, and the price of the coin!

TRON’s price analysis

TRON (TRX) started September with almost 90 percent less value than the month of August, and that was only before it hit the mark of the 0.0094 dollars.

However, things are definitely looking better for the coin as just in the last 24 hours, TRX has increased 8.6%, having a value at the moment of writing of $0.01960, a price that is actually close to the $0.0266 that the coin had at the beginning of the month.

In this sense, we can all expect the company might continue to rise with the price as it is going to be injected liquidity with the TRX/USD pair. With relation to this, Sun published on his Twitter account a message that read:

As stated in the tweet above, it was known that Bittrex would launch the trading pair on September 17th along with the same pair for the Litecoin token.

More announcements in a row

As it is usual for Sun, he has shared several announcements with the community in the last days. Among them, he announced the completion of the mainnet swap by Coinhood, he tweeted:

The same way he announced later the partnership with SatoWallet:

Milestones collected by Sun

Recently Justin Sun announced a partnership with Intergalactic Gaming (IG), an online game that will make use of the TRON network to create a token for rewarding its users.

In this sense, the game platform has just announced as well that it will be joining forces with the Fourth Esports Organization for joining IGGalaxy, the company stated:

“another non-endemic organization to the Tron blockchain adopts the IG tokenized esports ecosystem”, this is a great step towards a solid partner relationship and “we will support our new partner’s integration into our ecosystem as well as the Tron Network”

Furthermore, Justin Sun reached 1 million followers on Facebook a few days ago, and the platform continues to increase with the creation of new accounts every day. So the way to go TRON, we support you.

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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.

Photo by Priscilla Du Preez on Unsplash

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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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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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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