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Can TRX reach the Sun with current 18.21% increase?

The market has been hit by a bit of a wobbly. Has Tron managed to stay afloat or sink in the red? In this, we explore.

Written by Rebecca Leighton Published on

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.

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Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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