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.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
