On Wednesday, the cryptocurrency market showed signs of minor recovery in New Delhi. Although Bitcoin’s dominance is at an all-time high, traders are increasingly interested in other altcoins. The markets, on the other hand, remained range-bound.
The global cryptocurrency market cap was trading higher at the $1.29 trillion mark, increasing more than 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 15 per cent to $71.64 billion.
Many conference attendees were naturally worried with where the disease could spread and who got rekt after the death spiral of UST and LUNA erased $40 billion from the books.
The annual conference of the World Economic Forum began in Davos, Switzerland. On Sunday, cryptocurrency supporters kicked off the festivities with bitcoin pizza stands and blockchain pavilions adorned with colourful banners lining the famous promenade.
BuyUcoin cryptocurrency exchange
TRON rallies on reaching close to 100 million accounts. TRON (TRX), the 14th largest cryptocurrency by market cap is one of the few cryptocurrencies which has shown a strong upward trend in the past one week after a long spell of a downward trend.
The fundamental driver of the TRX rally is TRON DAO’s crucial data, which suggests a healthy and growing network. TRX has risen by 5.08 percent in the last 24 hours and over 16.5 percent in the previous week.
The network’s primary data revealed that the overall number of transactions on TRON reached $3.21 billion, with a total volume of $9.2 billion. Fireblocks, a platform for building digital asset enterprises, has partnered with TRO, adding to the confidence.