TRON Ranks 9th in terms of Market Cap
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TRON Ranks 9th in terms of Market Cap

As seen on Coinmarketcap, TRON is currently trading at 0.089527 USD. The cryptocurrency now ranks 9th in terms of market cap (currently 5,886,224,616 USD).

This is quite an achievement for it since it rose from 1,884,763,984 USD to 5,886,224,616 USD in just one month. The gains have been nothing short of spectacular.

Reasons Behind the Rise

One of the biggest reasons behind the rise of TRON is Justin Sun going live on different media channels and talking about the cryptocurrency and the Mainnet which would be launching on 31st of May. Justin Sun recently went live on Huobi’s official YouTube channel and talked about a number of different topics. He briefed the audience about himself and the cryptocurrency—making claims about having more experience than Ethereum—and talked about the advantages of using TRON instead of Ethereum. Justin also talked about TRON Super Representative Elections and talked explained why the cryptocurrency has a fairly long roadmap.

TRON is quite popular on GitHub as it ranks at the top when it comes to GitHub commits. Justin Sun hasn’t been shy about it and has tweeted on his official account about it.

Another reason behind the price rise is the Coinbene listing of the cryptocurrency. Coinbene rank 25th on Coinmarketcap and is a big cryptocurrency exchange. It serves globally and that is something that TRON makes good use of. TRX’s listing on the exchange provides the token added liquidity in addition to providing it a boost in prices.

The Indian cryptocurrency exchange, Zebpay, has also included TRX to the list of coins you can trade on the platform.

And those are just some of the many reasons behind the rise in TRX price.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.