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Tron TRX Soaring Despite Bearish Market, Up By 4%

22 january 2019, 23:26 by John Kiguru

Tron TRX Soaring Despite Bearish Market, Up By 4%

Tron has been one of the most outstanding cryptocurrencies of 2018 and even now early on in the year, the coin is continuing with its positive momentum. Today, in amidst a bearish market led by the crypto leader, bitcoin, Tron is soaring and recording some great gains. At the time of press Tron is up by over 4% and trading for a little over $0.026.
In terms of ranking, Tron continues to make leaps, coming from a top 20 ranking to a top 10. Currently, it is ranked 9th in the market, with Tron recording gains and the number 8, Litecoin, recording drops, Tron might well have a chance of overtaking Litecoin. At the time of press, the difference between the two stands at a little over $100 million.

Tron Not Short Of Positive News

Since its launch, the Tron project has always been one of the most proactive projects. Led by Justin Sun, Tron has been extending on its developments in the new year. One of the most recent and major developments is the hiring of a former SEC official into the project. The official becomes the first ever Tron compliance director.

This announcement sees the Tron project receive great credibility from investors. It further shows how ready the project is ready to embrace regulations which have in recent months caused a bone of contention.

Tron has also been receiving great exposure through its niTROn Summit in San Francisco, which saw a special appearance by NBA legend and now venture capitalist Kobe Bryant. The summit has further seen the Tron project launch the BitTorrent token (BTT).

Justin Sun and his team promise to continue developing the project and make improvements that will see the Tron blockchain the very best it can be. This is expected to reflect on Tron TRX in both the short-term and long-term.

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