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A number of cryptocurrencies saw a lot of positive development at the start of 2019, with most of them reporting significant gains, followed by slight declines, only to start gaining more value again. TRON (TRX), for example, has just increased by 20% within 24 hours.
TRON made a lot of progress in 2018, from the launch of its MainNet to the benefit of new dApps and the announcement of large projects such as Project Atlas. Meanwhile, the currency has entered more companies than people can count on, and new classified ads are constantly coming.
Even its market capitalization is increasing and, after spending months in the rankings as the eleventh largest coin, TRX has recently started to pick up the list. The real progress was made after being able to enter the top 10 and, after a few days, TRX managed to climb up to the eighth position, which holds at the time of writing.
Who is next? 🤜🏻 💥 #TRON $ TRX $ BTT pic.twitter.com/6cn3lUOnDz
– Justin Sun (@justinsuntron) 9 January 2019
This was an important milestone for TRON, not only because it rose so high on the list, but also because its capitalization exceeded $ 2 billion.
Meanwhile, TRON's creator, Justin Sun, continues to serve important ads via his Twitter account. Recent examples of important news include the presentation of the proposal that will allow the transfer of TRC-10 tokens into smart contracts, which should come into force January 11, new milestones hit by dApp TRON, new listings and the like.
TRON grows while the cryptographic market is exchanged in red
The new price spike could be attributed to these successful moves, which ultimately also impacted the price of TRON. This is a clear contrast to the situation in the past year when TRX has made some very important moves that have made countless titles, but its price has never changed in any significant way.
At the time of writing, TRX is valued at $ 0.031183, according to CoinMarketCap. Its market capitalization is just over $ 2 billion, while its daily trading volume is just under $ 700 million. The current growth originally began on December 17 and continued to grow since that day. The holiday season has slowed a bit this upward trend, but has never deterred us from continuing to rise.
Many hoped this would happen in 2019, and while many currencies started trading in the green, almost all of them are currently losing value, with TRON and a handful of other coins that are no exception.
As for TRON's plans for the future, most of them revolve around the completion of the projects launched in 2018, the development of new dApps and the continuation of the expansion of the currency in relation to partnerships and exchanges of listings. While current growth seems out of nowhere, many argue it was long overdue and the members of the TRON community seem to be optimistic about the future of money.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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