FOMO Moments
This morning has seen a minor recovery and there is a lot more green on the boards than red at the moment. It could be a sign that markets are trying to find their ground and neither bulls nor bears can exert enough pressure. In total they are still below $400 billion which indicates a tendency towards the downside. Bitcoin has rallied slightly by 2% up to $8,400 but it is still 10% lower than this time last week. All major altcoins have recovered somewhat, some more than others and today’s champion altcoin is Tron.
TRX is one of those cryptos that regularly gets bashed by social media groups but there is no denying that it outperforms many of its competitors. Coinmarketcap is currently reporting a 9% increase for Tron this morning. Currently trading at $0.072 TRX is up from $0.065 this time yesterday, small increments but still more than any other token in the top 25. Most cryptos are down on the week and Tron is no exception, losing 11% from $0.081 this time last Thursday. Monthly gains however have been impressive with a 75% rise from $0.041 the same time last month. Against Bitcoin TRX is up 6.6% on the day to 856 satoshis from 797 sats this time yesterday. Weekly levels have been steady at around 850 satoshis, the same as last Thursday.
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