Every New Year signals a new beginning to another adventure. A new year offers a clean slate, and for the crypto market and many altcoins, this would be the perfect time to write something new, something of value and forget about the previous year, which was hell for the entire cryptocurrency community.
This year hasn’t seen any mega change in the crypto industry. Many coins are still gathering themselves from last year’s bearish trend. The year is still young, and many positives are expected to start popping up. However, many coins have seized the ‘New Year’ opportunity and have started strongly, aiming to make up for last year’s losses.
Tron (TRX) is one coin which has got its feet on the paddle this year, as the digital currency has already overtaken Bitcoin SV (BSV) as the ninth largest cryptocurrency on the crypto market. And Now has also displaced Tether (USDT) to become the 8th Largest Cryptocurrency by Market Capitalization.
Tron, before this feat was at number ten and in the latter stages of last year, the digital currency was dangling at the 13th position. At the time of this piece, Tron (TRX) was valued at $0.03, with a market cap of $1,950,526,349 whiles Bitcoin SV (BSV) and Tether USDT the coins which lost its positions to Tron are trading at $86.90, and $1.02 respectively with a market cap of $1,525,674,144 and $1,923,468,193 sequentially.
Tron achieved a 13.53% growth within the past 24 hours, a 20.19% growth over the past week and registered a 24-hour trade volume of over $200 million. The coin was massively traded on Bit-z, seeing a trading volume of $24 million on the TRX/BTC pair. Tron also achieved a $16 million trading volume on the TRX/USDT pair on Binance, which came second.
Tron was no exception to last year’s doom in the crypto market. The coin performed poorly for most of the year and struggled to regain its form. Despite the then bearish trends, the team behind the coin worked tirelessly to get in back on its feet. Tron saw many positive reinforcements during the latter stages of last year. From being lined up for trading on Bittrex, a powerhouse in world crypto exchange, to making its platform a Dapp’s friendly for developers, it seems its comeback was inevitable.
Many crypto experts tipped the digital coin to start reciprocating some of its early performances on the crypto scenes, and it seems the time is drawing nearer. The year is still at its early stages, and if Tron can keep up with such performances, then its holders are in for a treat this year.