The cryptocurrency market is rebounding after suffering a big hit from Google (NASDAQ:GOOGL). However, it was just announced that the Financial Stability Board does not consider cryptocurrencies a “risk.” It remains unclear as to why the market is surging back so sTron (available on Binance)gly but this might be why. The FSB coordinates the financial regulation for the g20 countries and their stance on this matter can persuade leaders to think differently.
Here are the coins that are making a sTron (available on Binance)g surge in today’s market.
Tron (available on Binance) (TRX)
Source: CoinMarketCap
The Tron (available on Binance) Foundation has just implemented a main net countdown on their website, and we are just 11 days away from its launch. Tron (available on Binance) is set to be a decentralized content entertainment platform based on the blockchain. While TRX had a major spike in price back in early January, it has been on a downward slide ever since. Most of the coins on the market have also followed a very similar pattern.
Still, while many may have been annoyed with Justin Sun’s “pump” tweets in the past, the Tron (available on Binance) Foundation has a solid team behind it. TRX will show its true value when the Tron (available on Binance) main net is actually up and functioning. I predict its price will continue to rise, as the ramp up for the launch draws near.
At press time, TRX is trading at $0.0326 a coin, up 36.71%, in 24 hours.