Altcoin NewsCrypto AnalysisNEWSOpinionTron Price Analysis

Tron (TRX) Price Hurdle to Overcome $0.0230 as Leading XRP, ETH and BTC Dropping

It is indeed a slow week with few value moves here and there around the altcoin-verse as Bitcoin [BTC] is standing at 0.03% in the negative balancing bulls and bears before a could-be-break. One of the only that has been standing above waters the past 24-hours is the famous and very promising Tron (TRX).

Tron [TRX]

TRX value against the US Dollar has moved speedy above $0.0227 +2:00 UCT Yesterday opening gates for a gain from $0.0220 to $0.0230 marking an increase of 4.54%. The barrier has been present since end of September’s speedy drop below the $0.0230 [precisely 24th Sep, 2018].

TRX Trading

Source: coinmarketcap

Latest Price Analysis: Litecoin Price Analysis: LTC/USD Likely To Break Downtrend Resistance

On Sep 4th, the TRON backed network for simple yet efficient payment system Seedit posted on its Twitter handle that it has reached the big 25 million transactions. Keeping in mind how Tron’s enthusiasts and team are very active in the cryptocurrency industry, the hits Seedit has achieved are not coming as a surprise.

Also, one of the leading digital currency exchanging platforms Bitfinex has announced that new traditional fiat money pairs for Tron’s TRX.

  • TRX/JPY
  • TRX/GBP
  • TRX/EUR

“This is a comprehensive expansion of our product offering to accommodate for a growing global trading market and increase engagement with a number of international monetary markets. With the addition of the above fiat markets, it is our continued aim to improve digital asset market liquidity and stability.” 

In the post related to the fiat expansion, the exchange describers Tron’s blockchain as a project that is targeting to lay foundations and architect a global free content entertainment system which is backed by blockchain technology.

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: [email protected]
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