Yesterday, just after 40 hours as the bearing clouds started to scattered away from the whole industry, same as other currencies, Tron (TRX) joined the race to determine who wins its previous position back that they had at the moment when the bearish trend started.
It was a matter of just one day for Tron to regain its previous position in the whole market (was 11th largest currency on 14th of November). While other giants were struggling to reclaim their previous spot, within only the first hour of the day, Tron outranked the sharks by attaining 6.58% and at the day’s closing time it reached up to, remarkably, 32.77% hike.
The latest update is that Tron’s trading volume surpassed the collective trading volume of top 5 currencies in the crypto arena yesterday. Total trading volume of the top performers (Bitcoin, Ethereum, XRP, BCH, XLM) by market cap, was 1,138,613 – on the other hand, Tron had not just outclassed the figure but also stood nearing 2 million mark as its total trading volume rested at 1,833,912 yesterday.
Yes, that’s not the case now since, alongside the rest of the market, Tron is in the red-pool too. Yet again proving itself ‘the’ sleeping giant of the market.
What stirred the recent Tron spike up?
Although, Tron, being as one of the top achiever in the recent times, it couldn’t keep itself from getting caught to the catastrophic effects of the most recent bearings which kept on going for almost couple of weeks, the longest one of the year according to many experts.
Albeit, the thing worth noting is, because of all those achievements and associations that the Sun-led blockchain has deployed in its baggage since the beginning of October, haven’t gone to waste, but those are the reasons that helped it to become capable of growing quickly whenever the right time comes (bearing ends).
So, although bearing kept on going for long, Tron’s enthusiasts had some leap of faith in its capability and hence they were just waiting for the clouds to scatter, and as expected it bounced back stronger than before.
To reminisce back at the most recent achievements that Tron has successfully captured throughout the year including during the whole market’s massacre, few of them are as follows.
- Got listed on the accountable number of exchanges (66 to be specific) in a single year alone.
- Achieved the mark of half a million accounts on its mainnet in 4 months only, which you cannot ignore easily.
- Seeing good surge in numbers of DApps, as the days go by, can also be termed as the major catalyst for increasing its popularity.
At the beginning of this month, November, Tron went on thrashing the big guns of the market, for almost a week, in daily transactional volume; the cryptocurrency had also signaled to be the major stimuli to become, what it now is, ‘the’ sleeping giant.
Consequently, keeping all the things we talked above, it would be safe to say that Tron might skyrocket once the market catches some steam.
Image courtesy of Pixabay.