News on All cryptocurrencies

TRON returns among the first 10 crypto for market cap

TRON makes its welcome return within the top 10 cryptocurrencies by market capitalization, thanks to a good boost that has outperformed the market trend (see Tron quotation in real time).

Let us remember how TRON (or rather his token TRX), lost its presence in the cryptocurrency top ten following the good performance of ADA, the token of Cardano, whose rapid growth managed to undermine its "rival" TRX in the lowest step of the scale of the ten most important cryptocurrencies.

TRON returns among the first 10 crypto for market cap

The result was not completely unexpected, especially for the assessments of the administrator of the Tron Foundation, Justin Sun, who a few days ago had stated that he was firmly convinced that TRON would make his return to the top ten by "the first days of June".

Evidently, Sun's forecasts have been underestimated and, therefore, the TRX token managed to recover the lost ground a week before the "projection" made by the CEO of the foundation.

But why was Sun (and is) so convinced of TRX's positive performance?

The reason is partially unknown, but it is probably attributable to another announcement by the same manager of TRX, according to which on June 1, 2019 a note will be issued in which the TRON community will be informed about an important news regarding TRON and BitTorrent.

In the hope to find out more soon, TRON was able to celebrate this expectation in the best way, going to gain a good performance on the main exchanges where the token is exchanged.

Exchange for Tron

About exchange, we also remember how the main operator on which the crypto / fiat TRX / USDT pair is traded is BW.com, with a market share of 7,84% of the entire volume traded.

In second place in the list of the most important exchanges for the TRX business we find instead OKEx, with a share very close to the market leader, equal to 7,69%.

Roberto Rais

A great fan of cryptocurrencies, a writer for a long time for our editorial staff, particularly attentive to blockchains and cryptocurrency quotes.

Share
Published by
Roberto Rais

Recent Posts

The future of cryptocurrencies: new challenges and new opportunities

Cryptocurrencies have revolutionized the world of economics and investment, offering a decentralized alternative to traditional…

1 years ago

Can Cardano Beat Ethereum With This Massive New Move? 

Milkomedia-C1 announced the integration of the DJed stablecoin network on its platform. Milkomeda C1, a…

1 years ago

2 cheap cryptocurrencies to buy now

Cryptocurrencies have gained immense popularity over the last decade, attracting investors from all over the world. However,…

1 years ago

The Bahamas intend to strengthen the regulation of cryptocurrencies after the sinking of FTX

The former cryptocurrency exchange FTX was based in the Bahamas. The island nation has not been…

1 years ago

Shiba Inu scores huge due to superior technology

As Shiba Inu adoption skyrockets, the memecoin and the entire Shiba ecosystem…

1 years ago

Millions of users can buy, withdraw and exchange Bitcoins on Telegram messenger

The adoption of digital currencies such as Bitcoin has continued to grow unabated. Many…

1 years ago