Tron Partner Speculations Induce TRX Pump As The Market Attempts To Recover - Tron Price. Sunday, October 14th
"In the last couple of hours, Tron has been able to recover from the mid-week’s losses. This follows fomo tweets which have been driving positive price momentum."
Tron Partner Speculations Induce Pump As The Market Attempts To Recover
The market remains slow today, October 14, after a mid-week dump that saw the market shed over 20 billion, many experts are still optimistic that a recovery is on the way. At the time of writing this, bitcoin is still bearish, trading at $6,278. Having slipped below $6,300 during the mid-week dump. However, most altcoins are slowly but steadily recovering. The general market cap has in the last couple of hours pulled itself to just over $200 billion meaning it’s just hovering around its lowest level for the year.
Tron Finds Its Footing Following New ‘Industry Giant’ Partner
In the last couple of hours, Tron has been able to recover from the mid-week’s losses. This follows fomo tweets which have been driving positive price momentum. On October 12, Justin Sun Tweeted that the project will be finally receiving a partner with tens of billions USD valuation, he continued to tease his followers to guess the partner which led to a wild speculation on Twitter and Reddit feed.
Justin Sun hints partnership with a “tens of billion” unknown company - Tron News. Friday, October 12th
The same also saw the coin get a huge price pump that has seen it recover its mid-weeks losses at the time of writing this.
Recently, Justin Sun, the founder of Tron in an interview with Investopedia claimed that the project will make it to the top ten cryptocurrencies by valuation in the next six months. This was a huge claim but according to the founder, it was all based on what the team at Tron was up to and how much work they were doing.
Everyone is highly anticipating the announcement over the industry giant that is partnering with Tron and what value they bring to the project. At the very least, this partnership will see the project receive credibility and investor confidence and depending on the particular ‘giant’ price increase.
At the time of writing this, Tron is trading above $0.024.
As mentioned, the market is covered with altcoins in the green zone. Most have seen price increases between 0.20% to 10%. Among the most dominant coins on the market like Litecoin, has recovered in the last 24 hours to hit just over $53. XRP has surged and improved in the last 24 hours and is trading at just over $0.41.
TRX/USD Price Chart, Sunday October 14th:
The mid-week dump will see coins struggle to recover prices but the positive momentum around the market, regardless of bitcoin still being bearish, is expected to see them get back on their feet soon.
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