Tronclassic (TRXC), an unknown cryptocurrency having semblance with Tron (TRX), has seen a surprising upsurge.
The cryptocurrency, an ERC-20 token, witnessed an enormous 529% spike in the last 24hrs, a condition that is making crypto lovers query the authenticity of the digital token.
Observers are of the opinion that the cryptocurrency may be witnessing a giant developmental phase, however, some are also of the stand that there is tendency the coin may be undergoing a pump and dump scheme like that witnessed by Ravencoin when it saw 61,929%.
Remember that few months back, Tronclassic (TRXC) saw an upsurge of over 8000%, falling afterward without any tangible reason.
Tronclassic (TRXC) Prepares Ahead
As we write, the cryptocurrency is preparing for the launch of a TRXC Shop, an Online shopping website that will be accepting TRXC tokens.
Those who shop on the platform have the advantage of buying low cost goods.The platform guarantees customer’s privacy, and offers secure online payment system. TRXC shop and TRX Wallet are expected to be launched in 2019.
Also, TRXC exchange, a digital marketplace where trading of TRXC with diverse fiat currencies or altcoins will be taking place is launching in 2019. The platform acts as an intermediary between buyers and sellers of TRXC token.
Meanwhile, according to Tronclassic whitepaper, the total supply of TRXC tokens is 1,000,000,000,000 TRXC tokens. 30% unsold TRXC token are to be till after launch of the internal exchange in 2019. However, 7% Tokens that is reserved for the team will be locked until the 1st of January 2020.
TRONCLASSIC (TRXC) Intraday Price Analysis
Despite the daunting market situation, it has been a splendid moment for TRONCLASSIC (TRXC) in the market as the altcoin traversed into the day bullishly with an imposing added value in the last 24 hours.
According to Coinmarketcap, TRONCLASSIC has since yesterday been swimming across the crypto ocean in the direction of the tide, upping its value massively while others are reeling against the ocean tide, resulting into little or insignificant added value as investors and lovers of cryptocurrency continue to crave for huge boom.
Trade pair TRXC/USD started the last 24 hour with a market price of 0.000004 (towards the end of the North American trading session yesterday). By the start of the Asian trading session the same day, the value of the altcoin had been upped to $0.000008 against dollars.
While buoying its tempo on the upside trend, trade pair TRXC/USD began today being priced $0.0000014. After maintaining the latter for another 11 hours in the market, the trade pair saw an abrupt rise that skyrocketed its value to the moon.
By mid European trading session today, the altcoin escaped the $0.0000014 resistant level, surging massively to a price of $0.0000031. Although, TRONCLASSIC (TRXC) after attaining this point witnessed a slight dip, down to $0.0000027 market price as at press time, but the altcoin, according to CoinMarketCap, has added about 530% to its value in the last 24 hours.