A digital coin worth about a dime a day ago has doubled in price, briefly climbing into eighth place among cryptocurrencies by market capitalization.
Tron climbed 112 percent Thursday to 20.5 cents, according to CoinMarketCap. The website showed that Tron’s latest gains gave the coin a market cap of $13.5 billion, greater than that of litecoin and just behind that of another coin, stellar. Litecoin had recovered eighth place by midafternoon Thursday.
Tron’s gains followed a tweet from founder Justin Sun early Thursday that the company “will announce our partnership with a very prestigious public company next week.” Sun tweeted later in the day that the news would come in a live stream event on “January 6th 10 am GMT+8 Beijing time.”