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.
List 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.
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.
— Gifto (@gifto_io) 14 December 2017
Moreover, Justin Sun, the founder of TRON, has reported in his official twitter account that the source code, namely Exodus, will be released as soon as on December 29, 2017. The same date will be marked by the release of a "revolutionary" smart contract and Dapps platform open source.
We will have a revolutionary smart contract and Dapps platform open source at Dec. 29th. Looking forward to it! pic.twitter.com/TFTBQu7KrP
— Justin Sun (@justinsuntron) 16 December 2017
Apart from that, Binance collaborated with TRON to carry out a Christmas trading campaign which will take place from December 19 until December 25 and as the result a Maserati, a Mercedes-Benz, 2 Apple MacBook Pros and 5 iPhone X’s to are stated to be given away to the traders worldwide.
— Justin Sun (@justinsuntron) 18 December 2017
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