Tron’s Race For 6th Position Seems Dashed In Market Bear As Neo Takes Over 11th Position

As the bearishness in the market continues to affect major coins, some seem to feel the dent more than the others.

Tron is a typical coin in the market that has felt much of the incision of the market bearishness as it fell from the 10th position down to 11th and now on the 12th position in less than 2 weeks, while Tether and NEO maintain the 10th and 11th position respectively.

Most altcoins in the market have since been known for their dogmatic followership of Bitcoin’s price trend in the market. Ever since Bitcoin started plunging, other coins in the market toed along. The crypto don has for some time been to maintain the 6 thousand dollar price equivalent trend, and the chart of other coins also take the same shape with Bitcoin.

According to coinranking.com, Tron is priced $ 0.03655 as at the press time. The altcoin has a market cap of $2.4 billion and a 24hrs trade volume of $114.97 million.

In the last 24hrs, Tron plunged into the market by 6.80%. After starting with an early price of $0.0390 in the last 24hrs. It dropped to the lowest price of 0.03534 against the dollar, and it is now maintaining $0.0364 value.

Contrarily, the last 7 days of the altcoin was featured with an uprise in market value, rising up by 2.56% after starting the period with $0.03565.

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Lastly, Tron’s value change in the last 30 days when compared to its present value, which depicts negativity. The altcoin started the last 30 days with $0.0597, after a gradual and steady fall in its market value, Tron is now priced for $0.03641. According to coinranking price index, Tron’s value dropped by 38.73% in the last 30 days.

Earlier, Justin Sun, the founder of Tron, in a report displayed his optimism for the altcoin’s growth in the market by saying it will soon attain the sixth position.

“Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018 during TRON’s astounding sprint out the gate. In 2018, we will reclaim and secure this title, which will mark TRON’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum,”

Sun stated.

As the Cryptocurrency continues to lose its position in the table to competitors, observers have been of the opinion that Justin Sun’s hope that the Tron will rise up to take the 6th position in the table might have been dashed.