Tron [TRX] beats market expectations with 6% rise, jumps to the 12th position

The cryptocurrency market’s bearish run seems to have turned with latest numbers showing that a majority of the coins have started climbing on the bullish ladder. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] have all come out of their slump and made investors happy with their individual spikes.

At the time of writing, Tron [TRX] was gaining at a staggering rate of 5.84% with a total market cap of $1.58 billion. The cryptocurrency was trading at $0.024 with a 24-hour market volume of $146.210 million. Most of Tron’s trading volume was held by Rfinex which amounted to $17.693 million.

Trons 24-hour chart | Source: CoinMarketCap

Tron’s 24-hour chart | Source: CoinMarketCap

Rfinex was closely followed by Binance’s $12.351 million which accounted for 10.96% of the total TRX transactions. Tron’s spike has also resulted in the cryptocurrency jumping from the 13th position to the 12th position on the cryptocurrency charts, according to CoinMarketCap.

During press time, Tron’s market cap was just $10 million more than that of the 13th placed Dash. Tron was also in the news recently when Justin Sun, the Founder of Tron announced that uTorrent Web has broken the record of 1 million daily active users. In the official tweet, he wrote:

“µTorrent Web already surpassed 1,000,000 daily active users! This new product officially launched a month ago offers a #streaming and torrenting experience. “

Tron’s march towards mainstream adoption got another boost when Exodus and the Foundation announced that Exodus was extending support to the native TRX token.

The Twitter announcement stated:

“Exodus now supports Tron $TRX mainnet. TRX is exchangeable with nearly 50 assets. You can swap BTC, ETH, XRP, XLM, OMG, DGB and many other coins directly for TRX within the comfort and security of your own wallet. “

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