Among other top cryptocurrencies, Tron (TRX) is one to notice, due to its outstanding performances lately. The 11th largest digital currency by market cap recently switched position from 12th behind Cardano (ADA) and Stellar (XLM) to 10th, before swapping position to its present state.
Tron’s recent performance has been revealed by CoinMarketCap and hinted by Justin Sun, the founder and CEO of TRON.
The young founder and CEO of Tron (TRX), Justin Sun has constantly been doing everything within his capacity to get the digital asset to the top it supposedly belongs.
Having the interest of investors and potential suitors in mind, he’s ever ready to make the coin relevant in terms of challenging the big guns that have been ruling the market before its emergence.
Few days ago, Tron (TRX) was sitting at 12th position in the cryptocurrency market, before it outperformed Stellar (XLM) and Cardano (ADA) to occupy 10th position, although it was short-lived. TRX now occupies 11th position in the market, and very close behind Cardano.
Justin Sun is a type of leader that keeps his followers abreast of each development as it happens, in order to give them the assurance of the consistent growth of Tron (TRX).
However, these developments might not be quite vivid due to its present position, but statistic reveals it has indeed been consistent.
Justin Sun is not limiting his passion to the growth of Tron (TRX), but also passionate about the substantial success of Blockchain technology and cryptocurrency as a whole.
One big example is his much criticized and scheduled launch with Warren Buffet, the American Octogenarian Billionaire, who has had nothing welcoming in mind for cryptocurrency and not interested in investing in any digital currency, especially Bitcoin.
Sun stakes millions of dollars in this deal. However, the success and the failure in convincing Buffet is 50/50, but if turns to be successful, every part of the crypto-verse will benefit, as this has given cryptocurrency a big exposure already.
All these put together have aided the consistent growth of Tron, and there are indications that more successes are close by if it continues to charge for the top.
Tron (TRX) Ranks 5th in Top 10 Coins, 26 Points Away From Bitcoin
Justin Sun, the founder of Tron (TRX) recently took to twitter to hint about the latest magnificence of the digital currency in terms of customer activity and developer behavior.
He pointed to the digital coins’ performers via FCAS, released by CoinMarketCap on 1st July 2019. According to his tweet, the measurement ranked Tron (TRX) as 5th among the top 10 digital currencies.
He further stated that TRX scores 861, with only 26 points behind the largest cryptocurrency by market cap, Bitcoin (BTC), which has 887 points.
Read Sun’s message below:
“According to CoinMarketCap on July 1, TRON FCAS ranked 5 in top 10 coins, with a score of 861 – A rating, only 26 points away from BTC 887. flipsidecrypto is single, consistently comparable value to measure crypto project health. TRONICS, let’s make TRX score higher…”
Tron (TRX) in the Market
The whole cryptocurrency market has looked bearish lately. Bitcoin is presently losing its usual surging course, which has also affected almost all other digital currencies.
The present market situation also indirectly affects the uptrend of Tron (TRX) in the market. At the time of filing this report, TRX is trading at $0.032, with 5.49% price plummet in the last 24 hours.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.