In the current aggravated crypto market, cryptocurrencies are looking for partners to save their market values. One of the recent examples is Tron (TRX) which partnered with DWF Labs to boost liquidity and strengthen its ecosystem. On the other hand, Litecoin (LTC), an established cryptocurrency, is going through a dip that has shocked investors.
However, it’s not all gloomy for the crypto world. Big Eyes Coin (BIG), which is now live, is soaring due to the current favouring market environment and the upcoming launch of its 819 Casino.
TRON Shakes Hands With DWF Labs
TRON, a top blockchain network for dApps, has partnered with DWF Labs, a digital asset investment company, to boost liquidity and strengthen TRON’s ecosystem. DWF Labs, known for supporting Web3 protocols, has invested $15 million in the Web3 Industry Recovery Initiative and formed partnerships with major crypto entities globally. DWF Labs also invested $10 million in CryptoGPT, with a focus on expanding in Hong Kong and Asia.
TRON is committed to collaborating with DWF Labs for network enhancement and fostering innovation. TRON’s price has experienced a modest 1.1% gain but currently trades at $0.07192 with a 0.49% decline in the last 24 hours. Its market cap stands at $6.46 B, with a volume of $175 M and a 24-hour increase of 8.80%. While TRON has seen a decline of 14.59% in the past seven days, it has recorded a slight increase of 0.43% in the last month.
LTC Drops, Investors Shocked!
Litecoin (LTC) emerges as a revolutionary digital currency, harnessing the remarkable capabilities of blockchain technology to deliver swift, secure, and cost-effective payment solutions.
At the time of reporting, LTC was hovering just below its peak for the day, valuing at $74.63. However, despite this recent uptick, the altcoin faced a substantial setback with a staggering 24% decline over the past fortnight. Within a mere two weeks, LTC witnessed a precipitous drop from $95 to approximately $74.
Compounding its struggles, LTC also endured a challenging week, experiencing a bleak 7-day performance marked by a notable decline of -14.12%. In summary, altcoin suffered a significant downturn of over 80% from its record-breaking pinnacle of $412.96, achieved back in May of 2021.
The BIG Takeoff! Big Eyes Go Live!
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In conclusion, the partnership between TRON and DWF Labs highlights the efforts of cryptocurrencies to seek collaboration and strengthen their market positions. While TRON experiences moderate gains, Litecoin faces a significant decline, leaving investors surprised. Meanwhile, the new cryptocurrency, BIG Eyes Coin, shows promising growth amidst a favourable market environment and the upcoming launch of 819 Casino. The crypto landscape continues to evolve, offering opportunities and challenges for investors and enthusiasts alike.
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