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While the cryptocurrency market has hit the downside, all the coins continue to sink into the bear market. Surprisingly, Tron [TRX], the world's tenth largest cryptocurrency with a strong community presence, has abandoned the bear as its king. At present, the currency is showing an important increase of 10.3%.
Source: CoinMarketCap
At the start of the 24-hour cycle, TRX was trading at $ 0.0192, with a market capitalization of $ 1.28 billion. However, the token continued to climb the stairs to make giant strides when all of his coin coins were put under the bear.
Tron peaked at $ 0.0225 with a market capitalization of $ 1.5 billion. Throughout the day, Tron's total trading volume continued to rise, while investor interest took a turn to celebrate the healthy cryptocurrency market trend.
However, Tron's performance did not remain constant throughout the day as the currency collapsed and hit $ 0.0186 with a market capitalization of $ 1.2 billion for the day.
Despite the fall, the token showed a strong exaltation bouncing again and leaving all the other altcoins behind to become the only token painted in green.
At the time of writing, TRX was trading at an estimated price of $ 0.021, with a market capitalization of $ 1.4 billion. Here, the total volume of token trade in the last 24 hours was recorded at $ 311.2 million.
In terms of ecosystem development and success stories, the Tron community and TRX founder Justin Sun celebrate how the ecosystem moves forward by leaving its competitor, Ethereum [ETH] behind in many respects. Recently, Sun also advised developers on Ethereum's blockchain to migrate their tokens to Tron's blockchain. Here, the leader on Twitter wrote:
"In the bear market, #Ethereum developers should immediately migrate the token to #TRON 1.0 transaction fee, no gas in #TRX 2. Compatible with #ETH, 0 migration cost 3. 2000 TPS 4. #TRON dex list You can easily increase the value of 100% token with high liquidity. $ TRX "
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