RATE Group | Bitcoin Dips Below $9,000 But Tron and Verge Continue to Record Gains
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Bitcoin Dips Below $9,000 But Tron and Verge Continue to Record Gains

01 May Bitcoin Dips Below $9,000 But Tron and Verge Continue to Record Gains

Posted at 07:13h in Bitcoin News by

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The bitcoin price has dipped below the $9,000 mark, recording a 4 percent drop in value overnight. Despite bitcoin’s struggle, several tokens including Tron (TRX) and Verge (XVG) have recorded major gains over the past 24 hours with XVG demonstrating a 10 percent increase in value.

Best Performers: MANA, XVG and Tron

The best performers of May 1 are Decentraland (MANA), Verge (XVG), and Tron (TRX). The rise in the value of Tron is attributable to the rising interests from investors towards the mainnet launch of the Tron network. The Tron mainnet is expected to launch on May 31, as its founder Justin Sun revealed on social media.

Similar to EOS, Tron is yet to launch its mainnet. It released its testnet in March and since 2017, the project has been in development. Without a working mainnet, both networks are valued at $14 billion and $6 billion respectively, with a daily trading volume of above $6.4…

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