Bitcoin (available on Coinbase) Cash (BCH) is stable today, but Tron (available on Binance) (TRX) is outperforming industry trends: Bitcoin (available on Coinbase) Cash is among the crypto coins that have been making noteworthy sideways moves over the last two months. Its price has stabilized around $1,300 range today. The BCH coin hit $1,800 mark a few days ago before falling back to $1,100 on last Friday.

The downside volatility in Bitcoin (available on Coinbase) Cash price was unexpected. The market participants were expecting BCH coin to hold the momentum instead of losing all the gains in few days. The selloff was only driven by broader market volatility and traders profit-taking strategy.

The entire cryptocurrency market has been under immense pressure since investing icons have raised genuine concerns about cryptocurrencies fair value and acceptability as the medium of exchange.

But Tron (available on Binance) Isn’t Following Industry Trends

Tron (available on Binance) is making surprising movements despite the broader market selloff. The coin price rose 12% today following similar gains during the weekend trading. It is up more than 60% in the last month alone. The upswing in its price guided it to rank at 9th spot in cryptocurrency ranking.

Justin Sun, Tron (available on Binance) Foundation founder says, “Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018 during Tron (available on Binance)’s outstanding sprint out the Gate. In 2018 we will reclaim and secure this title which will mark Tron (available on Binance)’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum (available on Coinbase).”

The market participants are also bullish on Tron (available on Binance)’s potential to become the most popular cryptocurrency. The mainnet launch on May 31 is the most significant price driver. Positive commentary from Justin Sun on Twitter has also been adding to trader sentiments. The participants are also optimistic that Tron (available on Binance) will achieve the sixth spot in the next couple of weeks.

Featured Image: twitter

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