While initially it was believed that this year was a year for digital currencies, Initial Coin Offerings and blockchain-based projects saw only a noticeable and evolution in terms of technological achievements, while the market trend was not really favorable to the digital currencies in the past months.
Tron (TRX) is one of the most active projects in the blockchain space, but has undergone the same trend with the rest of the digital currencies on the market in terms of price trends. The digital currency has seen many developments, collaborations and insertions in recent months, and the blockchain project is known for having made the largest acquisition that the blockchain space has seen – BitTorrent, and the company aims to create a decentralized web.
Can TRX retest its historical maximum before the end of this year?
At the end of last year and at the beginning of this year they looked promising for digital currencies, as most of the coins in the market recorded huge gains and tested new highs. Over 90 percent of the coins have set new price records, with Bitcoin (BTC) testing a maximum of $ 20k. Tron (TRX) tested the maximum of 21 cents during the rally, however, the digital currency lost more than 90 percent of its value ever since.
Tron (TRX) needs more bullish momentum to test the 25 cents again
It seems that all the positive feelings and developments are not enough to cause a massive rally in the value of Tron (TRX). The value of the digital currency has not responded to the recent blockchain successes and seems to need more than just developments and partnerships. Digital currency, however, has seen a significant increase in adoption and is one of the most popular digital currencies in the world. Perhaps the currency could gradually approach its historical maximum because it sees more cases of adoption and use.
TRON (TRX) Price today – TRX / USD
At the time of writing this article, Tron (TRX) is changing hands to $ 0.0216 after a decrease of about three percent in the last twenty-four hours. The digital currency currently boasts a market capitalization of $ 1.42 billion with a trade volume of $ 116.34 million in the last twenty-four hours.