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A five-day retreat of solid earnings was inevitable. A few hours ago Bitcoin broke the support and fell below $ 4,000 dragging all the crypts in the top twenty-fifth. All but one who is like Tron is resisting the route and posting solid gains today.
TRX On The Up
According to Coinmarketcap TRX has gained 14% on the day and is the only cryptocurrency of the green in the first twenty-five. A few hours ago TRX rose from $ 0.0175 to $ 0.0225, or about 25% in a couple of hours. Since then it has shrunk a bit and is trading around $ 0.0205 at the time of writing, which is still a solid gain in the last 24 hours while all other cryptographic resources have declined.
The daily trading volume for TRX also doubled, from $ 166 to nearly $ 300 million. Binance is managing most of this business right now with over 27%. Since last weekend Tron has earned over 60% of prices and increased trading volume by over 430% with the rally of the encrypted markets.
From the same time last month TRX has increased by 40% when many of its competitors, such as Ethereum, have fallen heavily and have failed to recover. In comparison, ETH is down 20% over the same period of time.
Justin Sun has felt joy for today's solid performances and has taken Twitter to share it;
#TRON He is killing him today. It's only the beginning! #TRX $ TRX pic.twitter.com/yUXibdl8mG
– Justin Sun (@justinsuntron) 22 December 2018
Other industry watchers have speculated on the cause that includes the $ 100 million games fund and a positive outlook when many others are downsizing and firing personnel;
100 million gaming funds $ …
Assumption while the rest is firing.
The definition of #BUIDL while the rest are #FODL.
Continue like this ✔. That's why I predicted that the TRX would climb well in the Top 10 #Cryptos of mc.
– The Crypto King (@JBTheCryptoKing) 22 December 2018
In response to an article on further layoffs at the Ethereum development solutions organization, ConsenSys, Sun added;
"All in @ConsenSys and @ethereum please send your resume to [email protected] and embrace your new opportunity! You are largely welcome to join our rapidly growing and well-financed #TRON family. "
Tron seems to have the right formula at the moment, with increasingly dense developments and collaborations. A rapidly expanding team and a "clear" vision are the key to surviving the bear market and today's price pump has been proof of that success.
Recent Tronscan data also show records broken by transaction volume, use of dApp and address growth. While Ethereum has over 50 million addresses compared to almost a million Tron, a very small fraction of these ETH addresses is actually active.
Tron is currently tenth in the market rankings with $ 1.4 billion. He overtook Cardano who was one of the worst crypts of this year, and looks at Litecoin in ninth place with a market cap of $ 1.8 billion. More days like this with good earnings when the rest is bleeding will be good news for TRX.
Image from Shutterstock
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