TRX has hit $0.4313, an all-time high.
Key numbers:
Its market capitalization has surged past $35.1 billion, up 81% in one day (CoinGecko).
Why is this happening: Money made from Bitcoin appears to be flowing into older more legacy projects. As an example, XRP and Cardano prices were breaking records in the last 7 days.
As for Tron, this is its first major surge in seven years, beating some expectations that the Justin Sun-founded crypto project will be relegated as the blockchain where much of the USDT transactions are happening.
Bitcoin and Ethereum have remained relatively flat over the same period
Memecoins are also in momentum at Tron, Decrypt has reported:
FoFar (FOFAR): Gains 240% in 24 hours.
Sundog (SUNDOG): Retains top trading volume, hitting $163M.
Tron Bull Coin (TBULL): Market cap doubles in one day to $27.9M.
What’s ahead: We all expect these older crypto projects to continue surging. Why? Because most of them are 90% down, which makes them more responsive to new liquidity.
YGG released the Beginner Quest Series – Episode 4 of the GAP S8 questers.
PDAX unveiled a December promo for its Top 100 frequent traders who will share a BTC prize pool worth ₱500,000 as well as weekly CELO airdrops.
BitPinas article: Early Philippine crypto community builder Eric Cristobal passes away.