Justin Sun’s TRON [TRX], which had been one of the top performers in the recent market surge, re-entered the top 10 cryptocurrencies rankings after witnessing another major hike. Earlier this year, Tron had plummeted in the rankings due to the rapid growth in valuation of Cardano [ADA]. Much of the community was also skeptical about the coin’s long term status in the cryptospace.
At press time, Tron [TRX] was currently placed 10th in the charts with a recorded market capitalization of $2.36 billion. It surged by 12.16 percent over the past 24-hours, in comparison to the US Dollar. However, Tron [TRX] performed much better over the whole week as it hiked by 24.42 percent over the past 7 days.
The token was traded majorly on BW.com exchange, where the trade pair of TRX/USDT claimed 7.84 percent of the trade volume. BW.com was closely followed by OKEx exchange, which contributed to 7.69 percent of the volume.
According to CoinMarketCap, it was observed that the token was one of the highest gaining cryptos over the last 24 hours. BitTorrent took over the 2nd place with a surge of 16.87 percent over the past 24 hours.
Justin Sun, CEO of Tron Foundation, had earlier claimed that Tron [TRX] would be back in the top 10 crypto rankings by the start of June, but the breach came earlier than he expected.
Justin Sun recently broke the ice over a major announcement regarding TRON [TRX] and BitTorrent [BTT] and he stated that he would be sharing it with the community on the 1st of June. He also announced that BTT will be listed on KuCoin exchange from June 2019.
Tron [TRX] was valued at $0.0356 and the trade volume over the past day was a massive $1.6 billion, at press time.
EOS was the top performer in the 10 ten cryptocurrencies, with a price surge of 14.54 percent over the last 24 hours and its market cap remained very close to Bitcoin Cash [BCH].
Bitcoin SV [BSV] was the other top performer outside the top 10, exhibiting a spike of 12.60 percent and was valued at $120.59.
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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.