Today, Tron’s (TRX) founder Justin Sun has said the cryptocurrency platform will soon announce a partnership with tens of billions USD valuation industry giant. After the statement on Twitter, Justin implored anyone to guess who the partner his.
While guessing, TokenPay (TPAY), an ally of Verge (XVG) and Litecoin (LTC) conjectured that the partner is Ripple (XRP). The reason, according to the platform is that it is impossible for Tron to partner BTC because the later does not have anybody guiding it.
TokenPay also said it is impossible for Tron to partner Ethereum considering the battle between the two. However, TokenPay said Ripple is the most likely.
— TokenPay ⭐️ (@tokenpay) October 12, 2018
May Be Clover POS or First Data Company?
Another guess from the community was that of one Nicholas Greene, who inferred that Tron App Poppy may soon run on Clover POS, a payment processing company owned by First Data Company. While any of these may be true, we are waiting for Justin Sun to make the real announcement.
Existing Connection Between Tron (TRX) and Ripple (XRP)
As reported by Today’s Gazette in September, before Justin Sun established the Tron blockchain in the year 2017, he had served as a Special Representative and Adviser of Ripple Lab Greater China from 2014 to 2016.
In the same line, Justin Sun confirmed he holds a certain portion of Ripple shares.
Tron (TRX) Intraday Price Analysis
The exceptional developments and accolades Tron is bagging in recent days seems to be working out well as it rose up in the market amongst the giant in the crypto space to stay ahead of many.
Previously ranked 12, Tron, due to its growth in the space has been able to debase IOTA to the 12th position while it is now graded the 11th largest coin in the market by market cap.
Amongst the first 15 coins in the market today, Tron (TRX) was featured amid the 5 that are gaining in the market in the last 24 hours. After Ripple’s XRP, Tron stands as the second highest gainer in the last 24 hours with 3.96% value addition.
After deepening to a low price of $0.020, Tron (TRX) began its trip on the upside trend at around mid Asian trading session. While maintaining the gaining trick, Tron had risen to $0.0229 as at the end of the Asian trading session.
While it continues to remain on the rising wedge resistance level, Tron, as at the press time is now valued $0.02327 in the market.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.