While this year was initially believed to be a year for digital currencies, Initial Coin Offerings and blockchain-based projects have only seen a considerable and evolution in terms of technological achievements, whereas the market trend has not really been favorable to digital currencies over the past months.
Tron (TRX) is one of the most active projects in the blockchain space, but it has suffered the same course with the rest of the digital currencies in the market in terms of price trend. The digital currency has seen a lot of developments, partnerships, and listings over the past months, and the blockchain project is known to have made the largest acquisition the blockchain space has seen – BitTorrent, and the firm aims to create a decentralized web.
Can TRX Retest Its All-Time High Before The End of This Year?
Late last year and early this year looked promising for digital currencies, as most of the coins in the market saw massive gains and tested new highs. Over 90 percent of the coins set new price records, with Bitcoin (BTC) testing a high of $20k. Tron (TRX) tested the high of 21 cents during the rally, however, the digital currency has lost over 90 percent of its value since then.
Tron (TRX) Needs More Bullish Momentum to Retest the 25 Cents Levels
It appears that all the positive sentiments and developments are not enough to cause a massive rally in the value of Tron (TRX). The value of the digital currency has not been responding to the recent achievements of the blockchain, and it seems it needs more than just developments and partnerships. The digital currency, however, has seen a significant increase in adoption, and it is one of the most popular digital currencies in the world. Perhaps the coin could gradually approach its all-time high as it sees more adoption and use cases.
TRON (TRX) Price Today – TRX / USD
At the time of writing, Tron (TRX) is changing hands at $0.0216 after a decrease of about three percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $1.42 billion with a trading volume of $116.34 million over the past twenty-four hours.