Tron (TRX) and IOTA [MIOTA]: Tron (TRX) Moves Closer to the Top 5, Takes IOTA’s [MIOTA] Position as it Works its Way to the Top

Tron (TRX) and IOTA [MIOTA] have been battling for IOTA’s spot on CoinMarketCap. While both coins have been experiencing fluctuations, Tron has managed to take the 9th position from IOTA. At press time, both coins had almost the same market capitalization of $2.9 billion for TRX trading at $0.044 and $2.8 billion for [MIOTA] trading at $1.01.

Tron (TRX) and IOTA (MIOTA) Battle for the 9th Position

This isn’t the first time this week that both coins are caught in a battle. A few days ago, Tron was the 9th in the market with a market capitalization of $3.246 billion but IOTA was following closely with $3.232 billion. This is no surprise as Justin Sun, co-founder of Tron has been championing promotions along with his team to put the coin in the 9th position.

TRON (TRX) Price Today / USD

NamePrice
bitcoin
Bitcoin
$7,990.93-2.82%
tron
TRON
$0.015-4.42%

The Tron token migration is also two days from today and Tron (TRX) has gained the support of several exchanges including Huobi, Bitbns, Coinrail, Bibox, Coinegg, Binance, Bittrex, Bitfinex, Max Exchange, and Bitopro, etc.

Cryptocurrency Exchanges Support the Token Migration

All the exchanges in support of the token migration have the original ERC20 tokens in store for users. These tokens are not compatible with the new platform and that’s where the token migration process comes in. The migration will be from ERC20 to TRON20 which will serve as the new native coin for the Tron network. The token swap is going to happen today, and 30 exchanges around the world are supporting the process.

Tron (TRX) has experienced a 0.48% increase in price over the last one hour even if the total market capitalization has been going down by 2.17% daily for some days now. With the token migration and Mainnet update on the way, the Tron community is full of buzz and optimism for the future. Even if the price changes may not be obvious, the effect on the sustainability of the blockchain is.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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