Tron [TRX] – Over the years of the evolution of digital currencies, the market has not been smooth and stable. The digital market is not just about profits and loss but beyond all that and revolves around the unique underlying technology that is supporting the currencies. The market is in a transformation phase after being a disappointment for a long duration. The figures have finally turned green turning the fortunes of all the investors and believers.
One currency that is highlighted in the very beginning of this positive shift is Tron [TRX], an asset that needs no introduction. After being crowned as the most popular currency on social media and the founder along with his team vowing to do everything that it takes, any number of promotions and marketing to see their currency in the top, they are proving every word of theirs in a quick action. A successful main net launch – their own public blockchain upgrade, a token migration scheduled in less than a week which promises to leave behind all the currencies, Tron [TRX] has got it all right.
Not to forget the endless list of exchanges supporting this social media king, TRX has successfully been listed with more than 100 trading pairs on various platforms across the globe. The point of concern currently to shut up all the non-believers who claimed that Tron was just a hype coin is the market performance witnessed earlier today. Tron has successfully overtaken IOTA to grab the 9th spot which it lost right when their main net launch was around the corner. With a minor difference of market cap in millions, TRX is now the world’s 9th largest cryptocurrency. The market cap stands at $3.273 billion while IOTA is just behind with a minor difference at $3.264 billion.
It might be a moment of celebration to barge into the top 10 but it I not a very safe and stable place acquired. It won’t be long before another coin takes over because that’s how volatile and competitive the market is. When studying the market performance, it is evident that Tron has been the biggest gainer in the overall win-win situation with more than 18% upsurge over the week. The add-on since yesterday was an additional 8.38% which has closed the price at $0.049 as seen at the time of writing.
On the other hand, IOTA [MIOTA] has slid down to the 10th position facing over 5% fall over the week. However, it has been picking up pace following the optimistic trend of the market with more than 4% gain in the last 24 hours and continuing the momentum since today morning, trading at $1.17.
This was more than expected by the Tron community for a long time seeing their line up of events and the immense support base. Tron migration will happen on June 21st and will go on till the 24th of June UTC+8, Genesis block is scheduled on June 25th, and their first ever Super Representative elections to elect 27 SR’s will occur on June 26th. The support from various exchanges has not yet stopped and a lot more have continued to join the mega event and do their bit to ensure a successful swap. As of now, more than 36 exchanges have promised to stand with Tron [TRX] during the token transition and Cryptopia Exchange is the newest member.