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July 18, 2019
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price analysis tron

Tron (TRX) Captures the 10th Spot while Continuing to Trump Ethereum (ETH)

Tron grabs the 10th spot in the red market with 0.49 percent 24-hours gains. Meanwhile, it is steadily growing and beating Ethereum in terms of daily transactions, google searches, and daily dapp users while adding more liquidity with the addition on exchanges.

Tron keeping Ahead of Ethereum

Tron has yet again climbed one rank up to the 10th spot as per market cap of $963 million with daily trading volume of $75 million. At the time of writing, TRX has been trading at $0.0145 with 24 hours gains of 0.63 percent while surging more than 3 percent in the BTC market.

Source: Coinmarketcap

Meanwhile, Ethereum lost its 2nd position to XRP last month and is still sitting at the 3rd spot. With a market cap of over $11 billion, it has been currently trading at $107 while being down by about 4 percent.

Source: Coinmarketcap

While Ethereum has slowed down in its development Tron is moving fast. When it comes to Google searches, Tron has beaten Ethereum here as well.

Source: Google Trends

Justin Sun, Founder and CEO of Tron recently shared, “Congratulations on TRON mainnet accounts surpassed 700,000 in 162 days” along with TRON contract triggers surpassing 45 million in 4 weeks.

In the past 14 days, Tron crossed 2 million transactions achieving its highest level till now while Ethereum highest has been 1349890 Transactions on January 4, 2018. However, as shown in the graph below, transactions in last 14 days on Tron network are far more volatile than that of Ethereum.

Source: Tronscan

Source: Etherscan

In the meantime, the Decentralized Exchange on Tron has nine cryptos listed viz. REY, SEED, IGG, dice, TONE, TWX, CDF, TERC, and TRWJ. Moreover, the Dapps on Tron network are continuously increasing as the number now crosses 25.

Recently, Tron added liquidity with a string of listings. TRX got listed on ABCC exchange and joined Blockfolio, a mobile portfolio and crypto and blockchain management platform. On December 7, RX/BTC, TRX/USDT, TRX/MDP trading pairs will be available on South-East Asia’s MBAexOfficial.


Elise Meinke   December 10, 2018 at 8:58 am


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