Justin Sun’s Tron (TRX), the digital currency that has been struggling to live up to expectation over the past few weeks. However, it recently experienced the much-needed price resurgence. On this course, TRX outplaced Cardano (ADA), to reclaim the 11th position. Could the recent John McAfee’s assurance of listing Tron (TRX) on his just launched decentralized cryptocurrency exchange be behind the sudden price spike?
This is the question asked by a few in the crypto community.
The growth of digital currencies led by Bitcoin in the market has quite been reluctant for the past few weeks. This price drop has not been limited to one coin in particular – all the cryptocurrencies in the market have lost bits of their accumulated prices.
At a point in September 2019, Tron (TRX) price condition was below par, which downgraded the digital currency to around 14th position by market capitalization. TRX is coming up again for the top challenge as it used to be. Its latest price spike aided it to reclaim 11th position, taking down hurdles before it one at a time.
At the time of filing this report, TRX is trading at $0.015525, with relatively 3% price increase in the last 24 hours. Some crypto pundits and analysts have seen this top performance as a coincidence, attaching it with the latest development in the crypto space.
John McAfee Assures Listing Tron (TRX) on His Exchange
John McAfee, the well-known software guru and cryptocurrency enthusiast, launched his cryptocurrency exchange, Mcafeedex.com, today 7th October 2019 as proposed.
According to McAfee, the newly launched exchange promises to be fully decentralized, and already targeting the listing of some notable and noteworthy digital coins.
Justin Sun’s Tron (TRX) was struggling in terms of market price like all other cryptocurrencies prior to the launch of McAfee’s exchange. The price surge seems coincident to the launch, then it came to mind that the supposed crypto whale had earlier assured the listing of TRX on the exchange. This was related by Mike McCarthy, the TRX and BTT community member, and enthusiast.
In response to McAfee’s short description of Mcafeedex.com, where he described it as decentralized, distributed, open-source and no listing fee cryptocurrency exchange, McCarthy, asked if he has the intention of listing Tron (TRX). McAfee responded swiftly by saying “coming”.
The excitement of this assurance made McCarty to separately relate this with his followers on Twitter.
— Mike McCarthy (@MikeNerdUK) October 6, 2019
The present growth of Tron (TRX) could have attachment with other factors, but the launch of McAfeedex.com exchange is a timely coincidence, and the fact that the digital currency embarked on this price uptrend independently while other top coins falter makes it a bit factual.