Looks like Tron (TRX) is gearing up again. The coin which wasn’t performing well and sided down to 14th spot on coinmarketcap is regaining its previous position with the boost of 23 percent within the past 24Hrs.

From the cancellation of the most-awaited Buffett lunch to the crypto community’s allegation of naming Justin Sun as a scammer, Tron (TRX) drastically declined in its trading value since the past few months. In fact, in July this year, Justin Sun who is the CEO of Tron blockchain issued an apology and referred to himself as “immature, naïve, and impulsive” and said this spurred on “out-of-control and failed over-marketing hype and led to a significant series of unexpected consequences”.

Sun’s crypto asset has been through various ups and downs – the coin was once captured on the 8th and 9th spot but radically moved back to the 14th spot. However, it is now performing better than most altcoins on October 28, 2019. At the time of reporting this, Tron is the only asset among the top 10 cryptocurrencies which is rising with over 22 percent.

It is currently capturing the market capitalization of $1,345,074,986 and valued at $0.020 against USD. As soon as TRX regained the 10th spot, Justin Sun didn’t miss the opportunity to update his Twitter wall. He took to twitter and excitedly wrote; Back to Top 10.

Image source – coinmarketcap

Notably, the crypto community on Twitter seems bizarre as few members who were once criticizing Justin Sun – is now congratulating him and predicting the next target at #5.  TRX has captured 10th spot by siding down Stellar cryptocurrency which is currently valuing at $1,299,744,661 market capitalization.

As per the reports, the positive crypto news in China is boosting the slew of Chinese crypto coins, including TRX. Nevertheless, the news has all been China last week and in fact, it is moving towards “cryptographic laws” and showing bullishness towards the crypto-blockchain industry. Moreover, China considered blockchain as innovation and seeks to be the leading country in blockchain technology.

In a nutshell, Sun announced the new partnership with a hundred billion USD mega-corporation and mentioned it would likely benefit TRX and other TRC10&20 tokens.

#TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT & $WIN etc. It will broadly distribute #TRON Dapps and tokens to billions of customers. TBA. Make a guess?

Image Source – Shutterstock

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.