Can TRX reach the Sun with current 18.21% increase?

tron

The TRON Foundation’s token has seen a jump of 18.21% in day-on-day trading which is a significant figure coming off a market meltdown.

Over the year

Tron entered the year as the ninth most valuable cryptocurrency by market cap on January 7th, and traded at $0.170342 USD. At the time, the cryptocurrency bore a total market cap of $11,199,707,987 USD.

Now the token is sitting at eleventh place and is trading for $0.0145 USD, and bears a total market cap of $1,014,260,782 USD. For investors holding bags since the start of the year, that development marks an 88% decline.

Trading volume

At its height on the 5th of January, the Tron saw some $4,752,870,000 USD worth of TRX transacted daily – the network later fell to a low point of $87,689,800 USD on the 28th of June.

Tron also recieved a wave of attention in early October when it announced the launch of the Vitual Machine. As reported, the Odyssey boasts several new features which seemed to grab investor’s interest and saw the token’s price rise by 13%.

Although the token has faced a decline over the course of the year – in both price and market cap – it is seeing a flash of green at the moment and could rise further to recieve a Christmas spike. We can only wait and see.

Related Articles

Expansion: Coinbase will be launching in the Netherlands

As part of its global expansion, Coinbase has announced that it has been granted regulatory approval from the Netherlands' national bank.

Is Bitcoin better than retail estate as an investment?

According to MicroStrategy CEO Michael Saylor, Bitcoin presents a much better long-term asset than property.

Ethereum Merge proves a more efficient crypto industry

While Ethereum Merge might be cutting down on energy consumption, the chair of the US CFTC argues the industry still needs to be doing more.

The Russian Prime Minister urges crypto regulation

The Russian Prime Minister has instructed the government to regulate the cryptocurrency space by the end of the year.

See All