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

Tron has dropped from 10th to 12th place in just two weeks due to market bearishness, while Tether and NEO hold the 10th and 11th spots, respectively.
Published by
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.

Also, read Huobi’s FIFA World Cup Treat! Predict the Champion & Win Tron [TRX] & HT Tokens

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.

Advertisement

Share
Lawal Khalid ABIOLA

Lawal Khalid Abiola is a creative writer, entrepreneur and innovation lover. Lawal Khalid Abiola is an avid lover of Cryptocurrency.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025
  • News

Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit

In fresh developments, the United States and China’s trade teams have commenced negotiations on the…

October 25, 2025