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.

Tron
TRX
+4.45%$0.3004
24H7D1M1YMAX
Created with Highcharts 10.3.3Jul 912:00PMJul 1012:00PMJul 1112:00PMJul 1212:00PMJul 1312:00PMJul 1412:00PMJul 1512:00PMJul 16Jul …$0.285$0.29$0.295$0.3$0.305$0.31
Price data by
TRX price

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 BitcoinBitcoin, 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. 

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.