A notable Ethereum based cryptocurrency, TRONCLASSIC (TRXC), has seen the day light owing a dramatic rise in value it saw in the last 24 hours.
The 24H market chart indicates that the price of TRONCLASSIC (TRXC) rose up by 3,336%, a rare value in the present market. While the golden cross effect at the start of the week is still keeping Bitcoin above the $5,400 resistance point with the possibility of another upward rally, TRONCLASSIC seems to be at the top of the hill with massive price gain that is deemed to change the life of its investors.
Although the opinion of many including analysts and market experts is that altcoins’ trend live under the shadow of Bitcoin’s, however, TRONCLASSIC (TRXC) looks to live beyond these claims, rising up against BTC by 3,331.02% in the last 24 hours.
According to Coinmarketcap, TRONCLASSIC (TRXC) is priced $0.000053 against US dollar, all thanks to the price pump it recently witnessed.
Flagged a platform for the future of trading market and online wallet, TRONCLASSIC (TRXC) token has a market cap of $24 Million and a 24 hours volume of $767.
After maintaining a stable price between $0.000002 and $0.000012, the altcoin initiated a tremendous bull run at the late hours of the European trading session today, upping its value to around $0.000048 per unit.
TRONCLASSIC (TRXC): a Pump and Dump?
Subsequently, the rapid price pump has called for speculations from all and sundry in the crypto space. Many seem to be uncomfortable to assert that the altcoin will probably maintain the present high or continue to ride on the bull.
Musing over the historical data of the altcoin which is filled with high level of fluctuations, quite a number of observers believe that even though the future holds happening, there are high possibilities that the latest price rise witnessed by TRONCLASSIC (TRXC) is nothing but a pump and dump.