TRON witnessed a massive surge on Thursday. On December 4, the digital currency was trading around $0.15, nearly 100% higher than the previous session's closing.
Tron price surged over 100% in one day
Following the success of Bitcoin (BTC), ripple (XRP), and litecoin (LTC), another upcoming digital currency 'TRON' witnessed a massive surge on Thursday. On January 4, the digital currency was trading around $ 0.15, nearly 100% higher than the previous session's closing. After the jump, the market capitalization of TRON jumped to nearly $10 billion, while the market cap closed at $5.17 billion on Wednesday. It is startling that the same figure a day prior was over $3.42 billion and $2.94 billion on January 1.
Five Things To Know About Tron (TRX)
- The market capitalisation of Tron (TRX) has risen by nearly three times in past four days from nearly $3 billion to over $10 billion.
- One must remember that on December 13, which is barely three weeks ago, the market cap of Tron stood at nearly $500 million, almost one twentieth of the current valuation.
- Exactly three months ago, the Tron's price was hovering in the range of $98 million, which means the currency has risen 100 times in just one quarter. One tron, on October 4, closed at 0.003250 against its price of $0.15 on January 4. The currency price has risen by 4,500%.
- Tron is a blockchain-based, open-source protocol for the global digital entertainment industry in which TRX, Tron's token, is circulated. It enables one-on-one interaction between the suppliers of digital content and the normal users. Thanks to tron, content providers no longer need to pay high channel fees to the platforms such as Google Play store and Apple's Appstore.
- Tron was founded by Justin Sun. He is the only millennial student of Hupan University and a protégé of China's tycoon Jack Ma, chairman of Alibaba Group. Justin secured a master's degree from the University of Pennsylvania after he received a bachelor's degree from Peking University.
Interesting story, it is insane how fast this cryptocurrency has risen in a short period of time.
I’m upset that i missed the recent jumps in TRX. I hear about it three weeks ago, but heard about a lot of alt-coins and had too much to reaearch; sadly Tron did not make my shortlist. I need to spend some time researxhing their work and what people are saying about it on i ternet forums.
Do you think Tron is still a buy at this point? Or wait for a dip to enter the market?
Thank you for this info, my son rang me earlier today and told me to buy TRX but I wouldn’t even know how, though I’m fascinated with the way this is all going!
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