The crypto market is encountering serious dump as within hours billions have been lost. The whole market is feeling the blues which could be from various reasons including regulatory, crypto trading ban by exchanges and others.
Bitcoin is down to $7,230 price level while Ethereum is around 7.45 percent at $534. Bitcoin Cash is down at $924 while Ripple has taken a turn around to $0.57 with a decrease of 7.96 and 5.52 percent individually. Different cryptos like EOS, Cardano, and Stellar among others all around a few percentages also.
Tron is as of now at $0.06 price value while registering the loss of 11.90 percent over the most recent 24-hours.
With its MainNet launch coming up, Tron is losing its value with each passing day. Huge developments like MainNet launch is required to take the price of cryptos out of this world. However, given the present market situation, it is yet to be seen the level Tron would accomplish with this launch.
In spite of a declining market, Tron is a hot trend in the market with its consistent advancements. The most recent one is the support from OKEX exchange for TRON blockchain upgrade and its token migration.
Okex is the world’s top digital currency exchange by 24-hour trading volume according to Coinmarketcap. It has been managing with the trading volume of about $1.40 billion.
Tron’s extremely active founder Justin Sun took to Twitter to share the news. According to the official Medium update, “Investors only need to deposit TRX’s ERC-20 tokens to OKEX before late June, 2018 (UTC+8) and will receive the equivalent TRX token after mainnet launch.”
Justin Sun also announced that the former Technical Engineer of IBM Taihao Fu has joined the Tron team. Fu shared his excitement with:
“I really like the atmosphere of TRON, for TRON gathers plenty of talents here and is doing something really amazing.”
In the medium blog, Sun talked about his confidence in upcoming Tron MainNet launch by stating:
“Although the system of TRON becomes mature at the present stage, it is still necessary to move forward steadily. TRON’s constant introduction of talents is to enable the entire team to solve problems arising from the R&D process and keep innovating. We have great confidence in the upcoming mainnet launch and we believe that we will provide TRON supporters with a perfect answer. Please wait and see!”