Amid the downtrend of the cryptocurrency market, Tron has achieved landmarks in the mainnet launch and its upgrade among others. These have culminated into a recent bullish move of its market value.
Tron’s Steady Growth Amid Market Plunge
Recently, Tron’s CEO, Justin Sun, made a post via his Twitter handle stating that the firm is rolling out its first fiat trading for the cryptocurrency in the United States. The crypto-fiat trading pair will be launched on September 17th on the Bittrex cryptocurrency exchange.
In addition to the achievement of the trading pair, Cobinhood also made an announcement on the 13th of September that it has completed the upgrade to Tron mainnet, therefore resuming deposits and withdrawals of Tron cryptocurrency on its platform.
Also worthy of note is the Satowallet partnership with Tron. The multi-currency wallet provider has over 60 cryptocurrencies listed on it, and it also enables staking ability, auto swap feature, instant trade on the exchange, excellent speed, with amazing security features.
To confirm this partnership, Satowallet also announced on Twitter that they were glad to list Tron among cryptocurrencies listed on its platform. This will bring more exposure to the already growing global community of the cryptocurrency project.
Notably, the Tron blockchain was also instrumental in building a fourth eSports organization to join IGGalaxy, as announced by Intergalactic Gaming (IG). IG has created 100 million Demise Esports Gold (DEG) tokens on the Tron network.
The Tron mainnet launch and upgrade has equally yielded a massive growth in the rate of its users. This is notable in the number of daily transactions that has increased to 206,000 in the last two months. This figure brings transactions on the blockchain to a third of Ethereum transactions presently.
TRX Token’s Increase Growth
Tron’s growth in the crypto space in just two months is yielding positive dividend to the price of TRX, the native token on the Tron blockchain platform.
However, it has taken a jump of approximately 8.97% increase in the past 24hrs and now trading at $0.019574. It is ranked 13th position in the cryptocurrency market with a market cap of $1.2 billion, with a daily trading volume of over $105 million.
The increase in value is an expression of the rise in growth and positivity that has trailed the cryptocurrency recently.