In just 24 hours, a digital coin by the name of Tron, worth less than a dime a mere 48 hours ago, has doubled its price and entered into the top 10 cryptocurrencies at number seven. Tron ascended 112 percent this morning to 21 cents, attaining a market cap of 13.8 billion. That puts this relatively unknown coin ahead of both litecoin and stellar's ranking in cryptocurrency. 

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According to CNBC, these gains can be attributed to founder Justin Sun's Twitter announcement from early Thursday that revealed the company "will announce our partnership with a very prestigious public company next week." This business alliance, according to Sun, will be announced on January 6th during a livestream event. 

CNBC notes how this company's main objective is creating a blockchain-based platform for "monetizing digital entertainment." Tron is backed by some well-established executives in the Chinese business world, such as Wei Dai, owner of the bike sharing company ofo.

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However, this sudden surge has been similarly experienced by other, lesser-known cryptocurrencies, as both Ripple and stellar rose significantly to secure a notable ranking on the cryptocurrency charts. Bitcoin still remains the most lucrative and well-known of the bunch, recently gaining 1,300 percent over the last year and accumulating a worth of over $15,000.