CEO Of Tron Hints New Partnership, TRX Coin Price Pump Present Again

In a recent News BTC report, it was noted that the crypto market has lost yet another USD$20 billion in its total market capitalization last week. As witnessed via statistical data, Bitcoin’s and Ethereum’s value remained the same more or less, while altcoins found themselves in a fluctuating situation. By the weekend, most of the altcoins have recovered, which include Ripple [XRP], Litecoin [LTC] and most importantly Tron [TRX], who has since made gains of 11 percent.

How did Tron out of all altcoins manage to strive and recover, especially by 11 percent? This could be at large, Tron’s CEO, Justin Sun’s work, as he’s known for playing well with his words. On Friday, October 12, Sun tweeted out saying that the firm had managed to secure one of the largest partnerships to date – with a firm that has been valued at “billions USD”, as seen right below.

Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name 😊#TRON #TRX $TRX

— Justin Sun (@justinsuntron) October 12, 2018

Many of Tron’s community were quick to catch the tweet and have since been wondering who this “industry giant” might be. One particular user, @thacryptomaniac tweeted back saying, “Can’t wait to know! It could be anyone … What a freaking great way to end the week no matter who it is! Thank you!!! #HODLTRX.” By surprise, this seems to be the same impression across most of the replies, with no one wondering whether this is simply a FOMO. The discussion didn’t end at Twitter, as a Reddit post was also devoted to figuring out who it could be.

In addition to TRX’s sudden pump, News BTC also revealed others that are worth mentioning, which include commission-free Bitcoin futures trading platform, Digitex Futures (27 percent pump), and decentralized oracle and prediction market platform, Augur (15 percent pump).

The former has since thanked everyone who had and continues to support their purpose and hinted that a “zero-fee futures” is nearing as we speak. The tweet appreciating the nearly 27 percent increase went as follows:

TGIF everyone! @CoinMarketCap 🚀🚀🚀 #ToTheMoon It's been a tough market this week, but we thank everyone who believes & supports our mission! Zero-fee futures trading coming soon! #DGTX #Digitex #DigitexFutures #Crypto #CryptoNews #CryptoTrading #Cryptocurrency #Bitcoin #BTC pic.twitter.com/M0PMmz5382

— Digitex Futures (@DigitexFutures) October 12, 2018

At the time of writing, it seems like there is an equal presence of drops and gains being made within the top 100 cryptocurrencies, with its total market capitalization sitting at just over USD$202 billion.