The cryptocurrency market is down today sitting at just under $450 billion, as we start out Tuesday.
Tron (available on Binance) (TRX)
Source: CoinMarketCap
Tron (available on Binance) (TRX) spiked in price on Friday, as three big announcements dripped out to the crypto community. TRX got listed on the major exchanges Bittrex and Upbit, which caused the price to spike nearly 25% but has since fizzled off. On Thursday of last week, the main net release date was announced to be advanced to May 31st. This is big news for TRX ‘hodlers‘ as many investors have been anxiously awaiting a functioning Tron (available on Binance) Network, even if its just the test network.
Despite its down trending price, the Tron (available on Binance) Foundation is still making moves. Just 12 hours ago, Justin Sun announced that TRX would be traded on another major exchange CEX. I doubt this will make an impact on its price, as most of the market is suffering and it isn’t a big enough announcement to give investors “fomo”.
At press time, TRX is trading at $0.044 a coin, down -6.83%, in 24 hours.