Cryptocurrencies
The Hottest Cryptocurrency, Tron, Rekindles Memories of the Bitcoin Bubble
- Digital token Tron has almost doubled in the last month
- Founder Justin Sun says he wants to make more acquisitions
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Memories die hard in the cryptocurrency market, where a digital token known as Tron has almost doubled in value over the past month.
Like many of the startups that surged in value before crashing during the digital-asset market bubble, the company features a young entrepreneur, questions about usage of its main product and a lot of hype. Tronix or TRX, as the token launched in 2017 is officially named, has a market value of about $1.6 billion, making it the ninth-largest virtual coin, as measured by data provider CoinMarketcap.com.