The bulls are apparently up and running, as we can see from the latest digital currency news. One of the biggest movements in the new swing was recorded by TRON (TRX) which managed to jump by more than 8.5% against the US dollar, proving its strong momentum.
The altcoin pair TRX-to-USD was trading at $0.023 yesterday and was down by around 4% from its intraday high. However, as the bulls woke up, the pair has recorded an upswing that made it correct to $0.024 and with this set new intraday highs.
In total, the market surged from around $125 billion to $131 billion in the past 24 hours, adding $6 billion to the table. Some of the altcoins that made the news include the names of Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) which all led the bullish correction with gains that ranged from 10% to 20%.
Ethereum and Bitcoin Cash, on the other hand, have also jumped and registered 5% movements on the upside. Bitcoin and XRP were more modest, jumping by 2% to 3% as the market went above the $130 billion mark.
The upside that was recorded by Tron (TRX) moved in the direction of the overall market trend and had a potential to sustain owing to the strong fundamental factors. This has a lot to do with the controversial firm (behind the stablecoin) Tether (USDT) and its recent announcement that it would launch USDT on the Tron blockchain.
#TRON is partnering with @Tether_to, officially introducing USDT into the TRON #blockchain. This integration will elevate our dApp ecosystem, increase DEX liquidity, and enhance accessibility for Partners and institutional investors. $TRX $BTT https://t.co/OL6gFK1C0h
— TRON Foundation (@Tronfoundation) March 4, 2019
Analysts hope that the upswing will continue but may not be as strong as the one recorded over the past 24 hours.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]