- Tron market in colloaboration with Tronscan.org dex trading platform launches in 48 hours.
- Tron risks falling back into the descending channel as buyers lose steam at $0.0145.
Tron has been on the rise as a blockchain company since the launch of its mainnet mid-this year. Tron network daily transactions have already hit 2 million more than tripping Ethereum (ETH). Tron is developing itself as smart contract and decentralized application building platform like Ethereum and EOS. The founder of Tron, Justin Sun has always been bullish that Tron will surpass both EOS and Ethereum in addition to decentralizing the structure of the global internet.
Sun told his followers on Twitter on Sunday that “Tronscan.org has surpassed stellar.org according to Alexa Internet from Amazon.” The users of Tron reacted immediately congratulating the network for the good job.
In other news Sun announced today that “TRX market and tronscan.org will jointly launch a new #TRX dex trading platform with powerful engine in 48 hours. New dex supports TRC 10 and 20 together! Looking forward to seeing it!”
Tron (TRX) market overview
Tron is currently trading at $0.0135 while the upside is limited immediately by the 50 SMA on an hourly range. The crypto started a trend reversal over the last weekend even breaming out of the descending channel from the lows formed at $0.0122. The bulls lost the momentum at $0.0145 giving way for the bears to trim the gains. At the moment, Tron risks re-entering the descending channel, although a support is highlighted at $0.013. Another vital support can be seen at the recent lows at $0.0122.
TRX/USD 1-hour chart
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