Tron [TRX] increases by 29% in the last 24 hours; give Monero [XMR] a race for his position

The bull seems to have returned to the market, with most coins recording double-digit gains. This is a blessing for all lovers of cryptocurrency and investors, because in recent weeks, coins have been crushed in the hands of the bear. Ethereum is among the winners [ETH], Stellar Lumens [XLM], Litecoin [LTC], Cardano [ADA]and Tron [TRX].

Tron, one of the most popular altcoins on the market, has witnessed a massive surge in the market. In addition, the coin took over Monero [XMR]Its position on the market.

According to CoinMarketCap, at the time of the press, Tron was trading at $ 0.016 with a market capitalization of $ 1.08 billion. The coin had a trading volume of $ 195.51 million and has jumped 32.77% over the past 24 hours.

This massive increase allowed the coin to gain the eleventh position in the market, previously occupied by Monero. Tron achieved this goal with a market capitalization greater than $ 18 million compared to the $ 1.06 billion confidentiality pamphlet. This position is also noted as the previous position of Tron, which was lost due to the entry of Bitcoin SV in the top 10 list.

The bulk of the trading volume of the coin comes from BitForex with TRX / USDT pairs. The second and third largest volumes of transactions come from Binance with the Tether and Bitcoin pairs. Upbit and OKEx are the other exchanges that ranked in the top five.

Tron Price Table: Source: CoinMarketCap

Justin Sun, CEO and founder of the Tron Foundation, recently announced that Tron had become one of the first projects to be part of the Binance Info Gold Label project.

In addition, BitTorrent, the largest torrent platform in the world, acquired by the Foundation earlier this year, has integrated CoinPayments. This integration will now allow all users of the Torrent platform to make payments with cryptocurrencies such as Tron, Bitcoin and Binance Coin. This can be used to pay for BitTorrent Pro and Ads Free products.

During the bear market, Sun had also recommended all developers to switch from Ethereum blockchain to Tron. He had said on Twitter:

"In the bear market, developers of #Ethereum need to migrate your token to Tron immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible with # ETH, 0 migration cost. 3. 2000 GST. 4. $ TRON dex list. You can easily increase your token value by 100% with high liquidity. "