TRON, the native crypto of the blockchain project with the same name led by Justin Sun, has jumped by 25% over the past 24 hours.
This sharp and unexpected rise is reportedly related to the change of stance of the Chinese authorities regarding blockchain.
The Asian giant, which started a battle against the crypto industry back in September 2017 after banning ICOs in the country, has been fighting against the sector since then.
According to local publication cnLedger, the attitude of the country's authorities has changed over the last few days. While news sources from all over the country were ordered to censor all news defending blockchain, they now must remove all publications against it.
This is happening just a few days after the country's president Xi Jinping made last Friday some controversial and unexpected statements advocating for the development of blockchain tech and calling for the country to become a leader in the sector.
The TRON (TRX) blockchain platform, which had been under an intense scrutiny by the Chinese government till now, has benefited from this change in attitude, as the TRX/USD pair has recorded a 25% jump. However, the price has slightly fallen and now shows a 18.62% increase over the last 24 hours.
Earlier this month iHodl reported that Binance had added support for TRON on its staking platform.
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