Crypto News

Tron (TRX) Price Starts Moving Up After Weeks of Stagnation

Tron (TRX) has stagnated around the $0.035 mark for a long period of time, but things are finally changing. Tron (TRX)is currently priced at $0.39 which shows a 4.30% increase in the last 24 hours. While the price spike might not be that huge, it still shows us that Tron (TRX) is on the right path. The main reason why Tron (TRX)’s price is starting to get bigger is because the share of USDT trading has been increased, up to 31%. In addition, Tron (TRX) is trading on Binance and this is expected to help the price go even higher than it already is.

Tron (TRX) No Longer Supported by Early-Adoption

One of the things that new investors who are looking to purchase TRX tokens need to take into consideration is that Tron (TRX) is no longer supported by early-adoption enthusiasm. This is not bad news by any means because it means that Tron (TRX) is seen as a “mature” asset and that it’s starting to be used for trading gains.

Tron (TRX) Mainnet

We should also mention that the Tron (TRX) mainnet launched on June 25th and this came as a surprise because the developers initially said that the mainnet will launch somewhere at the end of May. Nonetheless, reports are showing that the network can still transfer the new TRX digital asset after June 25th, but the transactions are slower than usual.

The Cryptocurrency is Trending

Despite the Tron (TRX) mainnet issue, the developers who are in charge of the cryptocurrency are saying that Tron (TRX) is trending on GoogleTrends. This means that more and more people are getting interested in Tron (TRX) and this is undoubtedly going to help drive the cryptocurrency’s price higher than ever. Maybe even hit the $1 milestone.

By Henry R. Lares

Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post.  In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.

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