TRON surges due to smart contract and open source release

TRON token rose 760% within 7 days following the news of partnership with Gifto and news of smart contract and source code Exodus which are to be released
18 December 2017   5718

TRON token is the currency of TRON block-based open source global digital entertainment protocol for digital entertainment. Past week was overwhelmingly successful for the token as TRON has shown the outstanding 760% price rise and for the first time has moved to the 2nd place in the list of tokens ranked by market capitalization.

coinmarketcap list of top tokensList of top tokens ranked by market capitalization

The price of the token increased from $0,007 on December 13 to $0,045 on December 18 while the market capitalization rose from $477 million to $3 billion just within 5 days, thereby moving the token to the second position in the top.

Tron charts december 2017TRON Charts

Such price rally of the token started after the news about TRON partnership with Gifto virtual-gifting platform, which was announced on December 14, in aim to leverage the technology behind TRON to allow for effective transaction facilitation.

At the moment of press, these are main market parameters of TRON:

  • Average price: $0,041
  • Marketcap: $2 719 963 274
  • 24h volume: $338 654 000

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   82

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.