Tron (trx) digital coin leaps into the top 10 cryptocurrencies – market capitalization – Flash facts

Tron (trx) digital coin leaps into the top 10 cryptocurrencies – market capitalization – Flash facts
Digital currency tron, or TRX, climbed 112 percent Thursday to 20.5 cents, according to CoinMarketCap. That put the digital coin briefly into eighth place by market capitalization.
Tron’s gains followed a tweet from founder Justin Sun early Thursday that the company “will announce our partnership with a very prestigious public company next week.”
Tron is repeating a pattern seen in the last few weeks of lesser-known cryptocurrencies surging into the ranks of the largest digital currencies.

Tron’s gains followed a tweet from founder Justin Sun early Thursday that the company “will announce our partnership with a very prestigious public company next week.” Sun tweeted later in the day that the news would come in a live stream event on “January 6th 10 am GMT+8 Beijing time.”

Much of the buying in the smaller cryptocurrencies is coming from bitcoin holders. About 79 percent of tron trading volume was in bitcoin, and 19 percent in ethereum, according to CryptoCompare.