TRON Progress: Coin Ready to Soar As Five Exchanges List TRX In One Week
Tron’s (TRX) latest weekly report shows that the coin is now listed on five more exchanges, a further indication of its growing popularity and thus demand.
The platform recently announced that UK-based BTC-Alpha added TRX/BTC and TRX/USD trading pairs that open up TRX markets in the UK.
TRX also got listed on Kucoin, one of the top crypto exchanges around the world. The Singapore-based site offers two trading pairs: TRX/BTC and TRX/ETH.
And on August 31, three cryptocurrency exchanges listed the coin for trading. Coindeal added the TRX/BTC trading pair and partnered with TRON to introduce Game of TRON, where participants can win up 100,000 TRX.
The platform also announced that Exrates had offered three trading pairs in TRX/USD, TRX/BTC, and TRX/ETH. Another exchange that recently listed the coin is Bibox, offering the TRX/BTC trading pair.
It’s a great time for the 13th largest cryptocurrency, and the expectation is that these listings will cement the platform’s growing reputation.
The ever-expanding Tron community can now buy, sell, and trade TRX on these four exchanges as well as on leading platforms like Binance, Bittrex, and OKEx.
What else was in TRON’s latest progress report?
The Tron Foundation released its weekly report for the week ending August 31 that detailed the latest progress for the platform.
On top of revealing that new exchanges had listed TRX, the report also revisited the recent launch of the TRON virtual Machine (TVM). The TVM is seen as the next step in TRON’s ambition to be the best dApps platform as it seeks to decentralize the web.
It is compatible with EVM and will benefit TRON’s ecosystem by attracting millions of developers. Can Tron finally be able to challenge Ethereum? Possibly so, especially if its user-friendly and secure TVM lives up to expectations.
Tron Foundation also completed a coin burn of over 93 percent of the ERC-20 tokens alongside that of the locked TRX coins. The community should really be excited as it shows there is a commitment from the foundation to see the network progress.
TRON’s smooth sailing
Tron (TRX)’s latest achievements make it one of the platforms with the greatest potential to experience exponential growth in the near future.
Already a top coin in terms of market capitalization, TRON has grown really fast in the last several months. And all these even before it officially celebrated a year since its ICO sale on September 4, 2017.
In that period the platform launched its testnet in March, before successfully doing so with its Mainnet two months later on May 31. It then went through the migration and token swap, with support from most of the top cryptocurrency exchanges.
The overwhelming support showed that Justin Sun’s project had achieved recognition as one of the most promising in the industry.
The successful completion of the Super Representatives elections also set TRON on the path to full decentralization. We can, therefore, say that the progression towards becoming a top cryptocurrency has been clear so far.
No chaotic testnet or mainnet launches among other milestones are hallmarks of the beginning of a great voyage.
TRX in the market
The TRX market, like most other coins, has suffered the suffocating effects of the year-long bearish conditions. It has meant that the coin’s market performance has failed to capitalize on the various achievements.
However, it retains its potential and could see a lot of upward movement in the coming days. According to XBT.net, the coin is trading at $0.025 against the US dollar.
It has gained over 2 percent in the last 24 hours, adding to the gains seen over the course of last week.
TRON has an average daily trading volume of $89 million and a market cap of $1.67 billion.