2 min read
The price of Tron (TRX) pumped 7 percent today, following the news that Tron has become the fourth coin to be supported by the Samsung Blockchain Keystore.
Today's rally from a daily low of $0.0208 to a high of $0.0223, marks the end of an impressive four-day run for the digital asset.
The surge began on the 25th of October as Tron CEO Justin Sun's teased that "Tron will partner with a hundred billion USD megacorporation next week." Since the tweet was sent, the price of TRX has rocketed over 40 percent from $0.015 to its current price $0.021.
Apart from just the new Samsung partnership, Tron's recent 70 percent price appreciation over the last month can also be attributed to a recent recovery for Bitcoin, and especially Chinese-focused blockchain projects such as NEO and Ontology. Prices for the coins associated with these chains have both also doubled in the last 30 days.
Commenting on the news, Binance CEO Changpeng Zhao congratulated Tron by saying that the gaming-focused cryptocurrency was "supporting Samsung, as an early adopter for crypto."
The Theta Network is another Binance-listed token whose blockchain network took part in the Samsung developer conference today. Unfortunately, the decentralized video-streaming crypto didn't manage to get a shoutout from CZ. It did, however, also get a boost in price today—but only by about 5 percent.
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