Troy (TROY), is a global network and company specializing in cryptocurrency trading and asset management. Primarily serving institutional investors for crypto trading and management, TROY also offers additional features such as spot and margin trading, derivatives support, data support, storage, lending, and staking from a single account.
What is TROY (TROY)?TROY is the cryptocurrency at the foundation of all these services. Users must own a certain amount of TROY to benefit from brokerage services, data analysis, and a master-level trading platform.
It is possible to purchase TROY Coin using multiple cryptocurrencies or fiat currencies. However, it is observed that the highest volume on Binance, the world’s largest cryptocurrency exchange by trading volume, is in the TROY/USDT trading pair. Binance is thus seen as the most popular platform of choice for users. After opening an account on Binance, you can follow the steps below to purchase TROY:
To buy TROY Coin, you first need to deposit USD balance into the exchange or buy a cryptocurrency that can be used instead. For this, go to the Binance homepage, and click on the “Buy Crypto” option from the top left, then the “Credit/Bank Card” tab.In the tab that opens, select how much USD you want to trade, and mark Tether, that is USDT, in the Coin section.After purchasing USDT, again preview the “Buy-Sell” option on the top left and click on the “Classic” tab.In the section that opens, select the USDT tab from the top right, type TROY in the search button, and select the TROY/USDT pair that opens below.Then go to the middle “BUY TROY” tab, enter the amount you want to buy.Enter the desired amount and confirm the transaction to complete the purchase of TROY Coin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TROY surged by +70% in 24 hours, and nearly 150% in three days SuperTrend flashed a buy signal for TROY at press time – Will the uptrend hold up? TROY crypto, the native token of the global crypto brokerage platform Troy Trade, logged +70% gains in a single day. The bullish start to the week was part of a wild upswing over the weekend. In fact, the altcoin pumped by +150% in just three days, rising from $0.0013 to $0.00335.
However, at press time, a long candlestick wick was on the upper side, indicating likely buyer exhaustion and a possible retracement. So, if the bullish sentiment persists in the short term, what would be the key levels to consider?
TROY’s potential re-entry levels Source: TROY/USDT, TradingView On the 3-day price chart, the recent uptrend surge above the range formation chalked in mid-2023 and mid-2024. There was price rejection at $0.0035 and a possible headwind at the previous range-high bear of $0.0030 (red zone).
Should the cool-off continue, TROY could be dragged to the support above $0.002 (white zone). A decisive defense of the level could tip TROY to re-target $0.003. If so, the support could offer re-entry for bulls again, with targets at $0.0030 and $0.0035.
However, a crack below the 50-day EMA (exponential moving average) of $0.0016 would invalidate the bullish thesis. The drop could extend to the $0.0012 demand level – A key H2 2024 support in such a case.
SuperTrend flashed ‘BUY’ Source: Coinalyze The SuperTrend indicator flashed a ‘buy’ signal on 26 October, with TROY remaining there since. This suggested that despite the wild run, some extra rally was still possible.
Additionally, the spot CVD (cumulative volume delta) has been northbound for the past three days, indicating strong spot demand.
This corroborated the bullish thesis and the potential for gains, especially if the pullback doesn’t morph into a downtrend. However, a drop below $0.002 would invalidate the bullish outlook.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
The TROY token has gone parabolic, soaring over the past eight consecutive days and reaching its highest level since July 2023.
Troy (TROY), a cryptocurrency at the intersection of artificial intelligence and gaming, rose to $0.0042, marking a 342% increase from its lowest level in October. This rally has boosted its market cap to over $41 million.
TROY’s surge followed listings on Bitget and Binance, two of the top crypto exchanges, which added TROY futures to their platforms.
These listings helped push open interest in TROY futures to a record high of $57 million, with most of it concentrated on Binance, Bitget, and BingX. This open interest is significantly higher than last week’s low of $3.5 million. Cryptocurrency prices often see jumps following listings on major exchanges.
TROY also gained momentum after receiving a strategic investment from Unicorn Verse, a company with investments in other cryptocurrencies like LeverFi, Simon’s Cat, Ponke, and CoralApp.
According to its white paper, TROY is a blockchain network that operates TROY Play, a marketplace for AI agents accessible through TROY ID. This platform allows users to import agents from networks like AgentLayer’s AgentStudio and other third-party applications.
The network also includes TROY DAO and TROY Trade. TROY DAO is a membership platform granting holders privileges such as early access to AI agents, while TROY Trade supports the growth of AI projects within the network. As part of its expansion, developers have announced a $10 million ecosystem fund.
A key risk for TROY investors is that the number of holding addresses has dropped from 2,197 on Sunday to 2,160. Additionally, the top ten holders own 98% of all tokens, meaning that the price could be significantly impacted if they decide to sell.
TROY chart by TradingView The daily chart shows that the TROY token bottomed at $0.00097, its lowest point since Aug. 8, and has since surged by triple digits. It has formed a golden cross pattern as the 200-day and 50-day moving averages crossed.
The MACD indicator has continued to rise, with the two lines reaching their highest point in months. The Relative Strength Index has surged to an overbought level of 74.57.
Therefore, the token may pull back in the coming days as the upward momentum fades. If this happens, the next support level to watch will be $0.0023, its lowest point on Sunday, Nov. 3. Further gains will be confirmed if the price surpasses this week’s high of $0.0042.
TROY was trading near levels last seen in July 2023. The intense demand in recent days, if it continues, could push prices much higher. TROY [TROY] token has gained nearly 72% since Monday’s trading session opened. The preceding week was also strongly bullish, and the token surged by 259% before retracing over the weekend.
The uncertainty around the U.S. elections has kept many investors and traders sidelined, but TROY token was unfazed. The $38.7 million market cap token has been trading since January 2020 and is up nearly 300% in ten days.
Traders should prepare for more gains Source: TROY/USDT on TradingView Since May, the TROY token has been in a downtrend. From the high on the 24th of April to the low on the 25th of October, TROY had shed 58.88% in just over six months. The recent price surge took prices to the highest they have been since July 2023.
The A/D indicator on the daily timeframe noted strong bullishness and high demand. The RSI was beyond the overbought threshold but does not necessarily indicate a pullback is imminent.
Traders can use a bearish divergence between the price and the RSI to sell TROY and re-enter after a pullback.
The Fibonacci levels highlighted the $0.0048 and $0.0059 as the next bullish targets.
The high influx of Open Interest could see long positions hunted Source: Coinalyze The price is up by nearly 300% in ten days and the Open Interest gathered nearly $40 million more in the past 24 hours. It swelled from $4.3 million to $50.57 million, a nearly twelve-fold increase.
This meant that speculators were keenly bullish, but also presented the possibility of a liquidity hunt to flush out overeager bulls.
Is your portfolio green? Check the TROY Profit Calculator
The spot CVD also jumped higher. The demand in the market was high and the low market cap of the asset meant further growth was likely, but holders will need conviction. New entrants must be careful to limit their risk and not get caught bag holding TROY token.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
TROY price has surged significantly over the past 24 hours, capturing investor interest as it rides a strong uptrend. Over the last week, TROY has shown consecutive daily gains, reaching new highs in line with a broader crypto market rally. Investors closely monitor TROY’s performance, eager to see if this positive trend will continue amidst the larger cryptocurrency surge.
TROY Price Surges 20%: What’s Behind the Sudden Spike? TROY price surged 20% in the past 24 hours, reaching $0.005307, boosting its market cap to over $45.77 million. This recent rally has captured attention, driven by the token’s new futures listings on major exchanges, including Bitget and Binance. These additions sparked a 100% jump in TROY’s price, significantly increasing investor interest.
Open interest in TROY futures climbed to a record $5 million, with most of the volume centralized on platforms like Binance, Bitget, and BingX. This figure marks a notable rise from last week’s low of $3.5 million, reflecting heightened demand following its listings on prominent exchanges, often fueling price momentum.
According to its whitepaper, TROY is a blockchain ecosystem featuring TROY Play, a marketplace for AI agents accessible through TROY ID. Users on this platform can integrate agents from networks such as AgentLayer’s AgentStudio and third-party applications. Other elements within the network include TROY DAO, which offers exclusive membership privileges like early access to AI agents, and TROY Trade, which is designed to support the growth of AI initiatives on the platform.
The recent announcement of a $10 million ecosystem fund has bolstered TROY’s development efforts. A strategic investment from Unicorn Verse, known for its involvement in projects like LeverFi and CoralApp, added to TROY’s upward momentum. Over the past month, TROY’s price has surged by 254%, underlining this AI and gaming-focused cryptocurrency’s strong market interest and future potential.
Will TROY Price Hit $0.01 Soon? The Relative Strength Index (RSI) currently stands at 61.31, indicating moderate bullish momentum. RSI’s position above the midline shows an upward trend, though it remains below overbought levels.
The Moving Average Convergence Divergence (MACD) indicator shows bullish sentiment with a recent crossover of the MACD line above the signal line. This positive movement, supported by green histogram bars, could signal upward momentum if sustained.
If the bullish trend for TROY continues, the token could potentially test its next resistance level at $0.008. A breakout beyond this point may lead to a rally towards the $0.01 mark.
TROY Price Chart: TradingView However, if bearish pressure intensifies, the price could retest the recent support level around $0.005.
With the crypto exchange behemoth Binance revealing a vital update on 5 cryptocurrencies on Tuesday, ACT, COW, PNUT, CETUS, & TROY have caught the eyes of market enthusiasts globally. As the exchange announced enhanced trade offerings for the mentioned tokens recently, a tidal wave of market optimism engulfed them. Meanwhile, market participants are extensively eyeing these 5 assets for further gains in light of the enhanced offerings amid a bullish market.
Binance Enhances Offerings For ACT, COW, CETUS, PNUT, & TROY In an official Binance announcement dated November 12, the crypto exchange giant announced that it is expanding the list of choices for its users, primarily for the above-mentioned tokens. As per the announcement, the cryptocurrency trading platform will commence trading for ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY trading pairs starting November 13 at 08:00 UTC. Notably, this mover aims to expand accessibility for these assets to global investors amid a highly bullish cryptocurrency market.
Further, the Richard Teng-backed exchange also revealed that it will be enabling trading bot services for specific pairs on the same date and time. The announcement revealed that the exchange will commence taking spot Algo orders for ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY on the mentioned date and time. Moreover, spot grid and DCA orders will be starting for the BNB/EUR trading pair.
Overall, the announcement has sparked substantial investor enthusiasm surrounding the mentioned digital assets’ future as it paves the way for increased market participation.
How Are The Tokens Performing? At press time, ACT price soared nearly 45% intraday and is restring at $0.5076. The coin’s 24-hour low and high were $0.3699 and $0.6198, respectively. Further, the token’s weekly chart indicated gains worth 2276%, sparking investor enthusiasm for future movements in light of the enhanced trade offerings.
ACT Price Chart However, COW price slipped 11% intraday and is now trading at $0.3758. The coin’s 24-hour low and high were $0.3733 and $0.4347, respectively. Nevertheless, the cryptocurrency’s weekly chart showed gains worth 52%, aligning with the coin’s recent listing on Binance. CETUS price tanked 19% intraday and is now sitting at $0.324. The coin’s 24-hour low and high were $0.3115 and $0.4061, respectively. Notably, even this coin’s weekly chart indicated gains worth 85%, aligning with its listing on an exchange.
COW price Besides, PNUT price dropped 7% in the past 24 hours and is now trading at $0.4151. The coin’s 24-hour low and high were $0.3328 and $0.5354, respectively. Intriguingly, the coin’s weekly chart underscores gains worth 750%, aligning with a similar listing chronicle on a crypto exchange.
CETUS Price Lastly, TROY price traded at $0.004692, up nearly 1% intraday. Overall, it’s worth mentioning that the crypto exchange’s past listings fueled a positive impact on the asset’s price. In turn, market watchers anticipate a sustained pump in the prices of the mentioned tokens, primarily in the wake of enhanced offerings by one of the leading cryptocurrency exchanges.
Cryptocurrency exchange Binance announced that it will suspend deposits for the altcoin TROY (BSC) starting January 2, 2025. This decision was made due to a potential security issue related to the TROY-BEP20 token contract. The exchange emphasized that this action was taken to ensure user security.
Binance Ends Support on BSC NetworkBinance stated that it will no longer support TROY coin deposits through the BNB Smart Chain (BSC) network. The company mentioned that it attempted to communicate with the project team to verify the collateral situation concerning coins issued on the BSC network. However, it was emphasized that the project team did not provide adequate explanations regarding the matter.
Binance TROY (BSC) AltcoinThe cryptocurrency exchange specified that it would only resume deposits for TROY once it is deemed secure. Additionally, it was noted that no separate announcement would be made regarding this issue.
Ethereum Network Transactions UnaffectedOn the other hand, Binance announced that users can continue to deposit and withdraw TROY through the Ethereum $1,623 network. The cryptocurrency exchange indicated that these services are not affected by the aforementioned security concerns. Binance also added that it aims to contribute to the transparency and sustainable growth of the cryptocurrency ecosystem while prioritizing user safety.
Such actions in the cryptocurrency market are a continuing concern for users. Measures taken by major exchanges like Binance are significant for the reliability of the sector. Users must closely monitor such announcements and plan their transactions accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TROY price nosedived 40% after Binance suspended deposits for its BEP20 token due to security concerns. The exchange cited issues with verifying the token’s collateral on the Smart Chain, leading to the suspension and a halt in network support. While Ethereum-based services remain unaffected, the lack of clarity from the TROY project team has fueled market uncertainty, leaving investors anxious about the token’s future stability.
TROY Price Crashes After Binance Suspends BSC Deposits On January 3, Binance announced suspension of TROY-BEP20 deposits on the Smart Chain (BSC), citing a potential security issue. The exchange stated that the decision was made to protect users, as concerns emerged about the token contract’s collateral verification. The suspension, effective January 2, has significantly impacted market sentiment, causing a sharp 40% drop in TROY price.
In its announcement, top exchange clarified that it would no longer support the token on the BSC network until the issue is resolved. The exchange is actively working with the TROY project team to verify the collateral tied to the minted tokens.
However, the top crypto exchange also noted that the project team has not provided sufficient clarification, leaving the situation unresolved. While the exchange mentioned that deposits could reopen if the token is deemed safe, no specific timeline has been offered, and further announcements are unlikely.
The suspension only affects the Binance Smart Chain, as Ethereum-based deposits and withdrawals for TROY remain functional. Despite this, the incident has raised concerns about TROY’s overall stability. Investors and market participants have criticized the lack of transparency from the TROY project team, which has further eroded confidence in the token’s reliability and long-term prospects.
How’s The Crypto Performing? TROY price was currently trading at $0.0047, marking a steep 42% decline in the last 24 hours. The token’s 24-hour low and high were recorded at $0.00357 and $0.00813, respectively. The market cap is $41 million, and the trading volume is $522 million. The price crash shows increased selling pressure and reflects growing investor panic.
Troy Trade, the platform behind the TROY token, offers a complete solution for crypto trading and asset management. It provides services like spot trading, margin trading, and liquidity aggregation. The platform simplifies trading for both institutional and individual users. However, the ongoing security concerns and suspension of BSC deposits have cast a shadow on its reputation.
Binance has a track record of influencing market dynamics with its decisions. The delisting of WazirX (WRX) caused a 50% price crash. This highlights the significant impact of the leading crypto exchange’s actions on the broader market.
Key NotesThe TROY team has announced that there are no plans to sell the project instead they are in the process of acquiring an AI-agent project.TROY is backed by several venture capitals and is offering $10 million for AI project builders. Binance, the leading cryptocurrency exchange by daily trading volume and over 250 million globally registered users, has announced the suspension of TROY deposits on the BSC network immediately. According to the announcement, the deposits of TROY were suspended on January 2, 2025, due to a potential security risk on the BSC network-based smart contract.
Binance highlighted that the TROY team has not verified the collateral of the minted tokens on the BSC network, thus leading to the suspension.
“Unfortunately, the project team has not provided sufficient clarification regarding this issue at the time,” Binance noted.
The cryptocurrency exchange highlighted that it may reopen the deposits of TROY if the BEP20 smart contract is deemed safe for the users. Meanwhile, the TROY deposit and withdrawals on the Binance exchange through the Ethereum (ETH) network will not be impacted. As a result, the 1,794 TROY holders in the BSC chain can transfer their assets to the ERC20 version and join the 2,390 holders.
Market Impact on the Troy Ecosystem Following the suspension announcement by the Binance exchange, TROY price dumped more than 43 percent in the past 24 hours to trade about $0.00436 on Friday, January 3, during the early New York session. The small-cap altcoin, with a fully diluted valuation of about $43 million, experienced a sharp spike in daily average traded volume to over 558 million, thus the volume-to-market cap ratio of about 1460 percent.
The Troy team has, however, responded with a statement on X that the rumors of project sales are inaccurate. Moreover, the Troy team is ostensibly in the process of acquiring another AI project to enhance its growth amid the mainstream adoption of digital assets and web3 projects.
Dear TROY users and investors,
The rumors circulating in the market about TROY being acquired are inauthentic and not supported by any evidence.
Currently, TROY is in the process of acquiring another AI Agent project. The acquisition is still ongoing.
— TROY AI(The Pure Joy of AI) (@TROY_DAO) January 3, 2025
The Troy project combines the advanced tech of artificial intelligence with community-driven meme tokenomics. The TROY DAO uses the TROY token to integrate the NFT, and GamiFi elements for the members of the Troy Play.
The suspension of TROY deposits on the Binance exchange will have an adverse effect on the token’s liquidity ahead.
Furthermore, the BEP20 version is much cheaper to operate for users compared to the ERC20 version. Meanwhile, the Troy team continues to build the TROY War game with the help of AgenLayer, a decentralized autonomous AI agent network.
The Troy team has been backing an AI grant program with $10 million for projects seeking to build innovative solutions. Backed by Signum Capital, AlphaCoin Fund, and Neo Global Capital, the Troy team is well-positioned to build disruptive AI-backed web3 projects in the future.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Binance has suspended deposits for the TROY token on the Binance Smart Chain (BSC) due to a potential security issue related to the BEP20 token contract
Binance has suspended deposits for the TROY token on the Binance Smart Chain (BSC) due to a potential security issue related to the BEP20 token contract. The announcement was made earlier today to protect users from potential risks.
This decision follows observations of unusual activity surrounding TROY, which has been noted for its volatility in recent trading sessions. The suspension aims to ensure user safety as Binance investigates the situation further.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
