TRON Pumps Higher As Other Altcoins Start Dumping

There is one cryptocurrency at the moment that resists the trend of losing the gains in the crypto markets and that cryptocurrency is Tron (TRX). Tron pumps higher than the rest of the market slowly becoming one of the best performers on the day as we are seeing in our TRX Tron news.

 Being low as 200 satoshis in the intraday, Tron increased 8% to reach 216 satoshis, a few hours ago. The gains in dollar terms have similar notions. The volume traded in one day has risen from something over a billion USD to $1.4 billion according to Coinmarketcap.com, while the market capitalization of Tron surpassed $1billion and that puts TRX at the eleventh spot. 

The founder of the project Justin Sun commented on the reasons that could have boosted the TRON momentum having in mind that all other coins are without any positive action. He stated:

“I know something big for the #TRON community, which will benefit all TRC10&20 tokens. $TRX $BTT $WIN. Can you guess what it is?”

 The announcement of Poloniex for the support for the TRC protocol and TRX base pairs is what the cryptocurrency community is rumoring about. Poloniex had a post with a similar cryptic announcement that was retweeted by Sun some hours ago:

 “We’ve been working on something big for the #Poloniex community. Can you guess what it is?” 

The Tron Foundation claims further network growth and impressive figures in the newest weekly report as TRON pumps higher. The latest advancements in technical development beside the on-chain and dApp data records for the network can be seen in the weekly report of Tron.

There was also a growth of 61,000 new addresses in the last week, thus the total number of accounts on the network is now surpassing 4.17 million. In the past week, there were 7 million new transactions contributing to the network and surpassing the total number of 800 million. Maintaining its rate of growth by 0.6% the numbers of dApps on the network made it to 632.

The announcement about the launch of the Nile Test Network launch also came from the foundation so it’s no surprise that the project has been winning awards on Chinese crypto media which tends to favor the homegrown platforms.  The Tron fundamentals are continuously improving but there is still a lot of FOMO with the anticipation of the Poloniex listing. TRX is one of the best-performing assets at the moment.