Tron [TRX] Crushing the Bear Market with over 10% Surge, Grabs 7th Position

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Tron [TRX] Crushing the Bear Market with over 10% Surge, Grabs 7th Position

With over 10 percent gains, Tron is leading the prices in the crypto market while defying the bears. This surge led Tron to briefly climb above Litecoin and Stellar. Meanwhile, according to the Dapp market report of 2018 by Dapp.com, Tron is the most ambitious in this field.

Tron Defying the Bear Market

Tron (TRX) is the only top cryptocurrency in the market which is green at the moment and that too by a good percentage. At the time of writing, Tron has been trading at $0.0297 with over 10 percent surge in the past 24-hours.

Tron price chart, Source: Coinmarketcap

This much surge in price took Tron briefly on 7th position, well above Litecoin (LTC) and Stellar (XLM). Tron founder Justin Sun took to Twitter to share this moment with the community as he said,

“According to CoinMarketCap, TRON ranked 7th, the price of TRX is $0.02990, market value reached $1.993B which exceeded that of LTC and XLM. Go TRON.”

Tron has surely got the attention of the crypto market as one trader shared,

“Tron is Looking good with plenty of volume looking to push higher Sats today. In over 21 years of trading Stock Options and Crypto I haven’t seen anything move like this in a Bear Market.”

Tron is also the top gainer of today, at least for now which is followed by Holo, Zilliqa, and Bancor that are up by about 5 to 8 percent.

Also, BitTorrent BTT is exclusive coming on Binance Launchpad Tomorrow as announced by Sun,

Tron Leading the Dapp Market as well

Apart from leading the crypto price market right now, Tron is crushing it in the Dapp market as well as stated by the 2018 Dapp Market Report by Dapp.com. According to this report,

“The booming betting dapp market was mainly contributed by EOS and TRON, the two high-speed DPoS blockchains built for decentralized apps.”

With the launch of $2 billion Project Genesis launched in the second half of the year, it has been the “most ambitious in the dapp field.” The report further mentioned the $100 million spent on TronArcade for the promotion of Dapp ecosystem which is further driven by the Super Representatives (SR) of the cryptocurrency.

“Many of the SR participants were formerly game developers, and we can expect more high-quality game production on TRON in 2019.”

It further noted that the early dapp developers of Ethereum are now moving to Tron like Ether Goo among other various “Farm Games (idle games).”

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Tron [TRX] Crushing the Bear Market with over 10% Surge, Grabs 7th Position
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With over 10 percent gains, Tron is leading the prices in the crypto market while defying the bears. This surge led Tron to briefly climb above Litecoin and Stellar. Meanwhile, according to the Dapp market report of 2018 by Dapp.com, Tron is the most ambitious in this field.
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Author: Anjali Tyagi

Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.

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Anjali Tyagi 440 Articles

Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.

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