Tron (TRX) up 16% over the past 8 days; fresh fundamental optimism
|- TRX daily average transaction volume reaches over 1 million, double that of its peer Ethereum.
- The Tron foundation detailed several developments via their latest weekly report.
The Tron (TRX) foundation continue to be trending across the news wires, with the positive fundamental developments surrounding the foundation. TRX/USD is seen up 16% over the past eight trading sessions, the price moved to the highest level in over 2 weeks.
Recently, it was reported that the TRX system’s daily transaction average hit the 1 million mark. A great amount of activity in comparison to its peer, Ethereum. The daily average for the Ethereum work had been ranging from 500,000 to 600,000, meaning TRX has been around twice as active.
In terms of TRX’s popularity, it can be confirmed with the increasing amount of exchanges, that are listing on their respective platforms. It is anticipated that TRX will be added to Hong Kong based exchange Coinsuper.
The foundation updated the community this week by releasing its latest weekly report, detailing much developments going on with the Tron camp.
The price today – Wednesday, is nursing minor losses, seen down some 1.80%, trading at the time of writing at $0.024254. It is the 11th largest cryptocurrency by market cap, which is seen around the $1.5 billion mark.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.