Tron as a fuel for the second edition of possible IEO madness

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Garry Kabankin
Apr 6, 2020

Poloniex has revealed its upcoming initial exchange offering powered by TRX.

Projects seeking to conduct their offerings on Poloniex’s LaunchBase platform face the stipulation of issuing tokens in exchange for TRX. Just like Binance with BNB a year ago.



Takeaway

  • Summary: Evaluating Tron's chances to keep price surging
  • Assets covered: TRX
  • Metrics used: Social volume, Trading volume, Sentiment volume consumed

Justin Sun has bought Poloniex around half a year ago, "to expand TRON’s operational capabilities".


Tron social volume (amount of mentions) is on decline last couple of years:

Which is not the case for it's trading volume by the way:

Todays crowd interest made TRX to #1 in Emerging Trends list:

and is visible on zoomed social volume chart like this:

Price gained around 10% on this news. Not that much a hype, but still.

Can it be a start

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