The recent Circle IPO has stimulated more companies to go public. Chime, a digital bank, went public and surged last week, while Kraken and Gemini are considering launching their IPOs soon. This article explains the upcoming Tron listing and the best crypto presale to consider.
Justin Sun Tron to Go Public
Tron, the crypto project started by billionaire Justin Sun will go public in the United States through a reverse merger. It will merge with a small-cap company known as SRM Entertainment that licenses merchandise from companies like Disney and Universal.
SRM Entertainment will then change its name to Tron Inc. As part of the deal, it will raise $100 million to buy TRX tokens and then issue preferred shares and warrants valued at $210 million.
The deal to take Tron public is being arranged by Dominari Securities, an investment bank that has some ties to the Donald Trump family. Eric Trump denied earlier reporting that he would take a role at the company.
Tron is one of the biggest cryptocurrency projects, with its tokens being valued at over $26 billion.
It has also become the second most profitable player in the crypto industry after Tether. It makes most of its money from processing USDT transactions, where it sports the biggest market share compared to Ethereum.
Data shows that Tron has made $345 million in the last 30 days as USDT transactions have surged. This growth will likely accelerate in the next decade as analysts believe stablecoins could hit over $2 trillion in valuation.
A public listing of Tron would be a novel idea since no other crypto project hs gone public before.
It will happen after Circle, the creator of USD Coin went public in a highly successful IPO. Its stock has surged since then, valuing the company at over $29 billion.
Read more: Tron Price Prediction: Is Justin Sun’s TRX the Best Crypto to Buy?
Best Crypto Presale to Buy: Bitcoin Pepe
Meanwhile, Bitcoin Pepe, a groundbreaking crypto project is making waves after raising over $14.6 million from investors.
Bitcoin Pepe, whose native token will be BPEP, is aiming to change the meme coin by creating the first layer-2 network on the Bitcoin network.
A layer-2 is a scaling solution that aims to improve transaction speeds and reduce transaction costs. Examples of popular layer-2 networks are Base, Arbitrum, and Optimism, which scale Ethereum.
Stacks and Core are the top layer-2 networks that scale Bitcoin’s network. The main difference between these networks and Bitcoin Pepe is that its focus will solely be on meme coins. Its PEP-20 standard will make it easier for users to launch their meme coins.
While meme coins don’t have any utility, they have become huge players in the crypto industry. For example, data compiled by CoinGecko shows that these tokens have a market capitalization of over $62.8 billion. The entry of meme coins created on Bitcoin Pepe may lead to a strong surge in this figure.
The next important news will come out on Wednesday when Bitcoin Pepe’s team will announce its exchange listing date, which will enable users to sell their accumulated tokens.
Read more: LUNC Price Analysis as Terra Luna Classic Prepares Big Move
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