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TRON (TRX) Popularity Grows, but Price Slides Below $0.02

Published 09/10/2018, 01:21 PM
Updated 09/10/2018, 02:41 PM
TRON (TRX) Popularity Grows, but Price Slides Below $0.02

The TRON (TRX) project remains one of the high-profile platforms with growing popularity. By many measures, TRON is among the leading crypto projects. Unfortunately, the TRX market price has gone through a long slide, and it fell below the $0.02 level in the past week.

!TRON!

TRX market prices slid below the $0.02 range on September 8, trading at around 312 Satoshi. In the past three months, during which the TRON network was built to completion, the TRX market price started to unravel from approximately $0.05, with no signs of recovery. Trading volumes dwindled from regular levels of around $300 to $400 million in 24 hours, to about $100 million in 24 hours.

The latest price movements for TRON are mostly dictated by USDT-related activity on OKEx. Right now, more than 60% of TRX volumes are in the USDT pair. The high share of USDT makes TRX independent of BTC prices, but also allows for dollar-denominated speculation. Binance trading also define...


This article appeared first on Cryptovest

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