Out of all the top cryptocurrencies, and despite the recent market recovery that has been happening in general, TRON’s price continues to uptrend in the new week. The coin gained 12.21% in the last 48hours and has gained about 3% in the last 24 hours. As such, this propelled the coin to the top ten altcoins.
TRON has been trading inside a range of $0.02382 to $0.05653663, from February to mid-April. However, it broke out of the pattern on 23rd April and entered the $0.08953 price range, which it has already crossed. The coin is trading at $0.092197 as of press time.
Currently, TRON (TRX) has a market capitalization of $6.3 billion, leaving NEO with almost $1 billion. The coin has continued to amaze crypto enthusiasts as they are not sure what may be the cause of such as dramatic token performance compared to other digital coins. However, according to some analysts, the reason its performing well is the mainnet launch that is expected to take place in about 30 days.
As TRON’s price continues to uptrend, it has a very high potential and caliber to grow in the current market. The coin, in the last couple of weeks, was ranked at no. 56, but now it is ranked no. 9. As such, the future of TRON is very bright and has a great potential for huge benefit for long-term investors.
The coin has continued to do a great job with bouncing off as it continued to gain about 50% against the dollar while trading in the green last week. With the latest trend, the coin is expected to continue trading in the green, however, traders may expect lower gains compared to the rebound wave a few days ago.
When the coin first arrived on the scene, it was energetic, vibrant and a great reflection of its millennial founder. Hence, we should expect more gains and greens on the chat for TRON.
What will be the impact of main net’s launch on the price of TRON?
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