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Tron [TRX] becomes biggest winner in the past 24 hours; skyrockets by 26%

source-logo  ambcrypto.com 21 December 2018 11:30, UTC

The whole cryptocurrency market is rejoicing the return of the bull, as all of them are pictured in bright green. This includes all major cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC], and Tron [TRX].

Additionally, the bull’s return to the market marks a significant move as a majority of the investors were at the verge of being crushed by the bear market. Along with this, a majority of the coins were at the edge of the cliff, as they returned to trade at their previous year’s value, bringing new dawn upon the investors who stepped into the space earlier this year.

Currently, the cryptocurrencies seem to be regaining its position in the market as they have started their preparations for the festive season. To add on, a majority of the cryptocurrencies are witnessing a rise in double digits, including the tenth-largest cryptocurrency by market cap, Tron [TRX].

According to CoinMarketCap, at press time, Tron was trading at $0.21, with a market cap of $1.48 billion. The cryptocurrency has a trading volume of $240.48 million. In the time frame of 24 hours, the cryptocurrency has seen a rise of 26.16% and has skyrocketed by 66.09%% in the past seven days.

Tron [TRX] seven-day price chart | Source: Trading View

The majority of the trading volume is pouring in from UpBit,  a leading Korean exchange platform around the globe, with TRX/ KRW trading pairs. The second highest is recorded on Binance, the biggest exchange platform in terms of trade volume, with Tether pairing, and the third is also occupied by Binance, with Bitcoin pairing. The other exchanges in the top five include Bit-Z, paired along with Bitcoin, and BitForex, with TRX/ USDT pairs.

Recently, Tron Foundation in collaboration with Binance, has taken a step forward to help Maltese youth, and will be donating over $100,000 in cryptocurrency. Justin Sun, founder and CEO of Tron Foundation said:

“TRON has always believed blockchain has enormous potential for social good. As a technology leader, our partnership with BCF and Malta is one of many ways of accomplishing change for the better.”

ambcrypto.com