Can Tron (TRX) Make It Back To The Top Ten This September?

The Tron (TRX) has been low-key for several years. The asset took the sidelines as several new assets were seen making headlines. In a new turn of events, TRX managed to catch the community’s attention. The asset managed to rise by nearly 80% over the past year. The altcoin went from a low of $0.084 to a high of $0.166. Currently, TRX is trading at $0.1506 with a daily drop of 1.11%.

Also Read: XRP Skyrockets Amid SEC Drama: $0.60 Breakout Imminent?

Source

While its price remained steady, Tron’s market cap slightly dropped. The network was taken over by Cardano (ADA). Cardano has had a noteworthy 12% price spike over the last week. This further propelled it back into the top 10 cryptocurrencies by market capitalization. With a market valuation of $13.45 billion, Cardano now has a higher position than TRON, which is valued at $13.17 billion.

Source

Also Read: Visa to Help Banks Test Tokenized Assets and Smart Contracts

Tron In September

It is unlikely that TRX will be able to beat Cardano during the rest of the week. According to data from Changelly, TRX will encounter a double-digit drop over the next couple of days. Following a nearly 15% drop, Tron will dip to a low of $0.129627 later this week.

Source

With this negative sentiment in the Tron TRX market, the asset might continue to stay out of the coveted top ten. If Cardano comes across a bearish streak, then TRX might have a chance and get on top. But the Cardano network has been making strides. More recently, the ecosystem revealed that it is moving toward a completely decentralized governance architecture, in which the community will manage ongoing updates and sustainability.

Also Read: PEPE And WIF Predicted To Hit New All-Time Highs: Here’s When

  • crypto
  • cryptocurrency
  • tRON
  • Trx

Comments

Post a Comment

Popular posts from this blog

Inquiry on Binance headquarters and audit left unanswered by new CEO Richard Teng

The new CEO of the Binance exchange, Richard Teng, dodged answering a question about the location of the company’s headquarters and its audit or. His statement was made as part of the Crypto and Digital Assets Summit organized by the Financial Times. During his speech, the new CEO of the exchange once again emphasized Binance’s “shortcomings” with respect to the company’s regulatory requirements. At the same time, Teng avoided questions related to the organization’s activities and structure. You might also like: Richard Teng takes the helm at Binance promising a shift away from outlawed behaviour When about Binance’s global headquarters , and whether the company will be audit ed, or if it plans to apply for a license in the UK, Binance’s new CEO said that he had already answered each of the questions asked “previously.” When asked again about the headquarters , Teng again brushed it off, emphasizing that it was “under consideration.” “...
Read more

Polygon 2.0 Aims to Become the Value Layer of Internet

Image
Thus, Polygon 2.0 will serve as a fundamental layer to create, exchange, as well as program value. The team claims that Polygon 2.0 will help democratize the global economy just as the internet helped in democratizing information access. Polygon 2.0 brings decentralized finance, digital ownership, and innovative coordination methods to the forefront. It fills the gap in creating an Internet that prioritizes users rather than gatekeepers, rent-seekers, or intermediaries. The new and upgraded Polygon version will serve as the blueprint for building the Value Layer. It Features a set of proposed upgrades bringing a major shift in the protocol’s architecture, tokenomics, and governance. The team shall reveal more details regarding Polygon 2.0 in the coming weeks. They will detail the future of the Polygon PoS chain, as well as the utility and the evolution of the MATIC token. Recommended Articles ...
Read more

Australian regulator ASIC to ramp up focus on digital scam

ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds. ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from digital scams, including those involving cryptocurrencies. Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital economy, and the challenges an aging population poses. You might also like: ASIC releases the top 10 ways to spot a crypto scam Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers. Australia has been generally favorable toward digital currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempt...
Read more