The cryptocurrency market has been consistently spiking over the past week, reversing the long bearish trend into a bullish one. Tron [TRX] lost its place in the top 10 cryptocurrencies list on CoinMarketCap, and laid low even when the collective market was surging.
However, the weekend market seems to be supporting TRX as it is pumping by a massive 8% in an hour, at press time.
TRX spiked by a massive 7.20% within an hour and noted an 8.13% growth over the day. Over the week, TRX observed a 25.53% rise in its price. However, it is yet to make it back into the top 10 cryptocurrencies list.
At press time, TRX was valued at $0.0292, with a market cap of $1.94 billion. It registered a 24-hour trading volume of $496 million, while registering enormous growth over the same period.
One of the speculated reasons behind this sudden surge was the Tron-USDT pair’s launch date announcement and according to Tron Foundation’s CEO and Founder, Justin Sun, the demand for USDT-TRON was tremendous. The launch for the pair has been scheduled for April 9, 2019.
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