News of big partnerships are always a lift for undervalued altcoins. With Bitcoin stealing the show, and most of the capital time after time, alternative cryptocurrencies need a bigger boost. Relatively unknown Tron is about to get that as a partnership has just been announced.
According to a Medium post and the founder’s own Twitter feed rumours were flying that Tron could be partnering up with Chinese e-commerce giant Alibaba. Tron’s brainchild is Justin Sun the former Chief Representative of Ripple in Greater China and the CEO of Peiwo, the leading audio content community of China. Sun made the Forbes 30 under 30 list twice at the age of 26 and was hand-picked by Alibaba chief Jack Ma himself to study at the Jack Ma Hupan University for entrepreneurs. The two Chinese tech gurus have close ties already.
However the partnership actually announced on Twitter was with oBike, one of the largest sharing economy companies in the world. It is still an impressive announcement from the relatively new entry into the cryptocurrency market. oBike is Singapore’s first homegrown stationless bicycle-sharing system with operations in several countries in Europe and Asia and over ten million users. According to the post oBike will be launching its own Ocoin for Bluetooth bike sharing applications; this will be based on the Tron network.
The Tron token, TRX, has a current market capacity of $2.6 billion at the time of writing. According to CoinMarketCap.com it is ranked 18 in the list of cryptocurrencies. This month alone it has jumped from $0.002 to an all-time high of $0.067 representing an increase of over 3000%. TRX is currently trading at $0.04 after a relatively flat week.
The majority of the trade is made on Binance and Korean exchange Coinnest and it has had $318 million in volume in the past 24 hours. There are 100 billion TRX coins with 65.7 billion in circulation which makes this altcoin extremely undervalued at the present time. Should bigger partnerships such as Alibaba come in the future this cryptocurrency could go a long way
Disclosure: The author of this article is a Tron (TRX) holder
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
Some tips to share content and add value:
Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
More Info: Abuse Guide - 2017.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.newsbtc.com/2017/12/25/tron-partners-obike-add-10-million-users/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Disclosure: The author of this article is a Tron (TRX) holder
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It means that you should include all the credits and source in your original post, such as including the link from where the text came from (URL) right below the text. You should also add some of your own commentary, even if it's in another language, to the post instead of copy/pasting the whole thing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for this news, I want a better world for everyone. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @uzay to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit