- The crypto market value remains unchanged following the $5 billion dumping last weekend.
- Tron (TRX) is flying the bullish flag pattern in the cryptocurrency space.
- The Tron community is expecting the airdrop to take place on February 11.
The cryptocurrency market has retreated into a deep slumber following the selloff that occurred last weekend. The market remains unchanged since yesterday at $118 billion after dumping at least $5 billion. However, all is not gloomy in the market since Tron (TRX) is flying the bullish flag pattern in the cryptocurrency space. TRX/USD is up more than 7% in the last 24 hours while most of the assets are languishing in the sea of red.
It is believed that the upcoming BitTorrent (BTT) airdrop is driving the bullish momentum for Tron. The community is expecting the airdrop to take place on February 11 following an announced by the founder of Tron and the CEO of both of the network’s, Justin Sun.
“On February 11th, 2019, the BitTorrent Foundation will initiate its first airdrop of BitTorrent $BTT to the TRON $TRX holders.”
Exchanges have been positioning themselves in support for the airdrop program starting with the largest crypto exchange company, Binance. Other exchanges will also support the airdrop including OKEx and Bibox365, Huobi, KuCoin among others. OKEx announced that it will carry out a snapshot of Tron particularly at block 6,600,000 for all the holders of TRX tokens.
Binance also announced support for the airdrop where snapshot will be done on Tron network at block 6,600,000. The airdrop is in the ratio of 1TRX to 0.11 BTT.
While the market is in a lull, Tron price is alive in kicking. At the moment the token is trading at $0.025 following a 7.59% rise in the last 24 hours. Tron is ranked the 9th largest project in the market with a market cap of $1.7 billion and a 24-hour trading volume of $296 million.
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