Tron Recovers While Ethereum Flounders; TRX Pumps 15% Today
A market pullback from five days of solid gains was inevitable. A few hours ago Bitcoin broke through support and dropped below $4,000 pulling all cryptos in the top twenty five down with it. All except one that is as Tron is resisting the rout and posting solid gains today. According to Coinmarketcap TRX has made 14% on the day and is the only cryptocurrency in the green in the top twenty five. A few hours ago TRX surged from $0.0175 to $0.0225, or about 25% in just a couple of hours. It has since pulled back a little and is trading around $0.0205 at the time of writing which is still a solid gain over the past 24 hours while all other crypto assets have fallen. Daily trade volume for TRX has also doubled from $166 to almost $300 million. Binance is handling the majority of this trade right now with over 27%. Since last weekend Tron has made over 60% in price and increase trade volume by over 430% as crypto markets rallied.Since the same time last month TRX is up 40% when many of its competitors, such as Ethereum, have fallen heavily and failed to recover. In comparison ETH is down 20% over the same time period.Justin Sun has been feeling the joy at today’s solid performance and took to Twitter to share it;
About Tron (TRX): TRON is one of the largest blockchain-based operating systems in the world. TRON is a blockchain-based, open-source protocol for the global digital entertainment industry. TRON supports various kinds of blockchain networks and smart contract systems, including bitcoin, Ethereum, EOS, Qtum, and other public blockchain smart contracts, provides developers with multiprotocol infrastructure for entertainment app development, and allows users to enjoy smooth multiprotocol smart networks.
TRON (TRX) is the 10th largest cryptocurrency by market cap size. Its market cap is currently $1,361,297,036 and it has a circulating supply of 66,626,071,130 TRX. It's up 3.32% over the past 24 hours and is currently trading at $0.020432
Tron (TRX) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as Changelly.com