- Why is Tron rising as the Rest of the Market Declines?
- Tron’s TRX is doing great as the crypto market drops gains.
- Tron’s fundamentals are strong
Tron News Today – The common factor in the digital currency market is the issue of volatility. Prices fluctuate every day. Maintaining a steady and sustainable price shift upwards is no easy task. Now, the crypto market is in such a position once more as the majority of the top assets are erasing the gains they made this year. Despite this difficult situation, one asset is bucking the trend currently.
TRON (TRX) Price Today – TRX / USD
The asset in question is Tron (TRX). The TRX coin has made 8% gains a few hours ago. The daily volume of the asset has risen from $1 billion to $1.4 billion per CoinMarketCap data. TRX is current number 11 among the largest cryptos by market cap. One thing of note here is that all altcoins except TRX are falling again. The question is, what’s driving Tron’s TRX forward? Justin Sun, the founder of Tron has been doing his best by planning to make another big announcement. Sun tweeted:
“I know we can expect something huge for the TRON community, that will benefit TRC10&20 tokens ($TRX $BTT $WIN). Who can guess what it is?”
Reports are circulating that Poloniex exchange will announce support for TRC and TRX base pairs shortly. The US-based exchange also posted a similar announcement a few hours ago which Sun retweeted.
Tron’s Fundamentals Remain Strong
The Tron Foundation now boasts further network growth. There are indeed multiple impressive figures for the network. The network’s report talks about Tron’s latest innovations in technical development. The network’s on-chain record and dApp data record were also revealed. There were reportedly 61,000 new addresses last week in the network. The total number of network accounts have reached 4.17 million. The average number of transactions on the network has surpassed 800 million after 7 million were added last week.
As for dApps on the network, the number has reached 632, meaning it has maintained its 0.6% growth rate. The Tron Foundation announced the Nile Test Network launch recently. The Nile Test Network comes after the SunNetwork testnet for scalability has been launched as well. It isn’t surprising that the project has won several awards on Chinese media as the region regards homegrown platforms more than others.
Tron’s fundamentals remain strong and are improving. However, today’s FOMO will likely be in wait for Poloniex’s listing of TRC pairs and standards. TRX is arguably one of the best-performing altcoins this year.