Tron Price Update: Can it reach $0.28 again?
On January 5th, Tron coin (TRX) was valued at $.28, which is the highest it has managed to reach so far. After 3 months of uncertainty, Tron is showing a promising uptrend as it grew by more than 26% at the time of writing. Currently, Tron’s price is hovering around the $0.075 mark and analysts predict that it will break the $0.1 mark very soon. It saw a gain of more than $2.3 Billion in its market cap in the past 24 hours and currently stands last in the top 10 cryptocurrencies by market cap with a total of $5 Billion.
Justin Sun, CEO of Tron, tweeted the news about BittrexExchange now letting people trade Tron coins, which is surely going to help Tron in the long term.
Another tweet from him revealing that Tron is going to be listed on CoinBene, a popular Chinese Crypto Trading platform, on 25th April at 14:00 UTC+8.
Most cryptocurrencies are in the green today and the crypto investor crowd seems to have gained confidence again in the rising potential of cryptocurrencies. Tron is facing a resistance at $0.08 mark but there is a support level at the $0.065 – $0.07 range.
Crypto Elite, a Twitter personality, shows his confidence in Tron by saying:
There is very little hope that Tron will beat Ethereum as most new coins are built on ERC20 protocol but Justin Sun begs to differ in this article. Sun said:
“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform. We will compete face to face with Ethereum and we have confidence we will build a large ecosystem; A much larger ecosystem than Ethereum. I will explain to you why we can surpass Ethereum in the future.”