Basic Attention Token [BAT] tanks by 8% after hitting a price wall

The cryptocurrency market was taken aback by the Bitcoin [BTC] hack that cost the world’s largest cryptocurrency exchange, Binance, 7000 BTCs. The crypto community came together to support Binance and among these supporters was Tron Foundation’s CEO and Founder, Justin Sun, who pledged to deposit USDT worth 7000 BTC, equivalent to $40 million.

As the news broke out, all cryptos except Tron saw a slump, which was a relief to the Tron community. The Foundation also crossed a milestone with its online nodes. Misha Lederman, a prominent proponent for the Tron ecosystem, informed the community about this. He tweeted,

“#TRON’s node count is increasing to its highest levels in many months:
1357 nodes online”

Source: Twitter

The proponent added,

“Given that only a few days ago the TRON node count was around 1,100, this uptick is notable & provides the #TRX blockchain increased stability & growing global reach”

Tron has been showing significant growth over the past few weeks, most notably reaching a block height of 9 million. Tron’s DApps are performing well among the community, fighting it out with Ethereum and EOS. Tron’s recent venture with Huobi Global announced that TRX contracts were ranked 1st in the world and the Cumulative Trading Volume was noted to be over $110 million.

However, none of the aforementioned milestones have helped the coin move up the crypto ladder and re-enter the top 10 crypto list.

Justin Sun however, appeared optimistic and tweeted,

“#TRON will be back to Top 10 in June! “

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