- Tron spikes 30% in thirty days and 15% in the last seven days.
- Tron surpassed Stellar to become the world’s 8th largest crypto project.
Tron is among the market leaders even at a time when the market is in a downtrend. In the last thirty days, TRX has increased in value by over 30%. Moreover, in the last seven days, Tron has corrected higher by at least 15%. The same cannot be said about the majority of the assets in the market. Bitcoin, for example, has explored new lows for 2019 below $3,500 while Ethereum is testing the support at $110. Ripple’s XRP, on the other hand, is trading below $0.3 after failing to find support at $0.31.
Tron has not only increased in value price-wise but also it has grown in terms of market capitalization. For a while, the asset was ranked the 9th largest asset on the market. However, the gains in the last few weeks have led to Tron zooming above Stellar (XLM) to claim the 8th spot on the market. At the time of press, TRX is valued at $1.86 billion compared to XML at $1.69 billion.
TRX is exchanging hands at $0.02823 after the bulls gave in to the selling pressure. Tron is down 5% in the last 24 hours. The asset has a 24-hour trading volume of $417 million.
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