TRON Overtakes Dogecoin to Become 8th Largest Crypto by Market Cap ⋆ ZyCrypto
The post TRON Overtakes Dogecoin to Become 8th Largest Crypto by Market Cap ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     TRON (TRX) has overtaken Dogecoin (DOGE) in market capitalization to become the 8th-largest cryptocurrency. The takeover comes as TRON announced an Initial Public Offering (IPO), which may propel the digital asset further into the public domain. Dogecoin (DOGE) has had a wide-reaching audience due to its exposure on social media platforms and in popular culture. However, TRON (TRX) has been focused on breaking new boundaries regarding performance and has much potential as a token of the future. TRON has plans to create a reverse merger with SRM Entertainment, which could change the rules of crypto investing, merging the old world of traditional finance with the new world of blockchain innovations. TRON now has a market capitalization of $500 million, more than Dogecoin’s $23.5 billion. TRON’s price has historically enjoyed low volatility, with a similar signature to Ripple’s XRP, experiencing only a few dramatic jumps in price over the past year. USDT stablecoin transactions have surged on the TRON network, possibly adding to the increase in market cap, originating from both developing and established countries across the globe. TRON DAO commented that this was proof that cryptocurrency was not just a phenomenon of developing countries but was truly a global project powered by the convenience of stablecoins. Since May, TRON has risen by 12%, whereas Dogecoin has dropped by 30%. There is speculation that Dogecoin has dropped in price due to a waning interest in meme coins. TRON recently partnered with P2P.org, a staking business, to provide validator services. A big part of TRON’s success is fueled by its ever-expanding ecosystem. A cryptocurrency grows its user base by proving itself to be a trustworthy project that can be relied upon to provide business services. Despite blockchain being designed to enable trustless network connections, a project still needs…
The post TRON Overtakes Dogecoin to Become 8th Largest Crypto by Market Cap ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement TRON (TRX) has overtaken Dogecoin (DOGE) in market capitalization to become the 8th-largest cryptocurrency. The takeover comes as TRON announced an Initial Public Offering (IPO), which may propel the digital asset further into the public domain. Dogecoin (DOGE) has had a wide-reaching audience due to its exposure on social media platforms and in popular culture. However, TRON (TRX) has been focused on breaking new boundaries regarding performance and has much potential as a token of the future. TRON has plans to create a reverse merger with SRM Entertainment, which could change the rules of crypto investing, merging the old world of traditional finance with the new world of blockchain innovations. TRON now has a market capitalization of $500 million, more than Dogecoin’s $23.5 billion. TRON’s price has historically enjoyed low volatility, with a similar signature to Ripple’s XRP, experiencing only a few dramatic jumps in price over the past year. USDT stablecoin transactions have surged on the TRON network, possibly adding to the increase in market cap, originating from both developing and established countries across the globe. TRON DAO commented that this was proof that cryptocurrency was not just a phenomenon of developing countries but was truly a global project powered by the convenience of stablecoins. Since May, TRON has risen by 12%, whereas Dogecoin has dropped by 30%. There is speculation that Dogecoin has dropped in price due to a waning interest in meme coins. TRON recently partnered with P2P.org, a staking business, to provide validator services. A big part of TRON’s success is fueled by its ever-expanding ecosystem. A cryptocurrency grows its user base by proving itself to be a trustworthy project that can be relied upon to provide business services. Despite blockchain being designed to enable trustless network connections, a project still needs…
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