What is making Troy crypto (TROY) rally?

April 06, 2022 06:03 PM AEST | By Manu Shankar
 What is making Troy crypto (TROY) rally?
Image source: © Alexanderushkevich | Megapixl

Highlights

  • Built on top of the Binance Beacon Chain, TROY is basically a smart hybrid asset management platform that is designed to redefine trading.
  • On 6 March, TROY crypto registered impressive gains of over 20% and a volume of over 3,000% in the past 24 hours.
  • The TROY token was trading at US$0.011461 with a 24-hour volume of US$257,747,401, according to CoinMarketCap.

Troy crypto (TROY) has been on a bull run of late. The crypto has already amassed over 61% gains in the last 30 days. Built on top of the Binance Beacon Chain, TROY is basically a smart hybrid asset management platform that is designed to redefine trading. Some of the reasons for its rally could be the development of its in-house game, TROY WAR, and the successful development of its internal beta version in March. 

On 6 March, TROY crypto registered impressive gains of over 20% and a volume of over 3,000% in the past 24 hours. 

On a roll

The crypto seems to be rallying after it posted its technical development progress on 4 April. The protocol suggested that it completed the construction of the table functions, including the map configuration.

Also read: PinkSale (PINKSALE) crypto: How to create unique tokens on this platform?

Not just this, the TROY token has been witnessing a string of changes of late. Last month, TROY saw its TROY 2.0 upgrade, which was aimed to bring a better and more effective range of trading services. With high-frequency trading algorithms, the users will get exposure to quantitative solutions features, such as precise tick historical data, strategy assessment systems, etc.

Earlier this month, multi-level scene maps were drawn with various production effects to give the users a complete experience. 

Prices so far 

The token was trading at US$0.011461 with a 24-hour volume of US$257,747,401, according to CoinMarketCap. In the past 24 hours, it was rallying by 22.39% with a market cap of US$102,067,749 with 8,905,660,523 TROY coins in circulation. 

Just not the price rally, the 403rd ranked token was also witnessing massive interest from market participants and a volume spike of 3,314.65%.

Also read: Audius (AUDIO) crypto: How high will the token go?

The rally has been highly impressive, and its recent performance buoys market participants. In fact, it has been one of the top 5 movers in the crypto industry, according to Nami Exchange.

But the market participants must also keep in mind that cryptocurrencies are volatile and risky assets, and hence, they must be careful while venturing into the market. Market participants must study the market trends and the overall mood of the market before entering the market. 

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