The crypto market has been bubbling in the last 24 hours as leading coin Bitcoin has triggered a positive movement in the market. The leading coin moved to its bi-weekly high and surpassing its monthly resistance to currently trade above the $7,500.
Tron Surges To 9% Gains
Despite Bitcoin’s increasing dominance of the crypto market, several altcoins recorded nice gains in the last 24 hours. Tron, in particular, was one of the best performing coins within this period with the popular altcoin making a gain of 9% within this period.
TRX surged in price from its initial price of $0.0139 to a daily high of 0.0152 which represented a gain of 9% in the last 24 hours. However, as at the time of writing, the price has suffered some recession and is currently valued at $0.014438 per unit.
Tron’s market cap is just below the one billion dollar mark with the coin currently ranked 11th on the list of crypto rankings. Justin Sun the eccentric founder of the coin had placed a target of the coin finishing 2019 on the top 10 list. At the moment TRX is $100 million behind 10th ranked coin Tezos in terms of market cap difference and it remains to be seen if TRX would be able to surpass XTZ before the end of the year.
TRX Game exceeds 250million TRX Volume in 30 minutes
Tron finally launched its much anticipated, just.game as the blockchain continues to increase its growth in the dApp sector in a bid to challenge Ethereum’s dominance.
The Tron based game is more of an experiment that involves buying virtual ‘gift boxes’ with TRX that increase in value when more are purchased by others after your initial one. A portion of the price also goes into a jackpot. Tron recorded over 250 million TRX transacted within the game according to stats from DappReview.
Powered by Fomo3D Team, the offical JustGame is live now. The transaction volume is over 250 Million TRX in less than 30 mins!
— DappReview (@dapp_review) December 23, 2019
BCH Price Analysis
BCH rebounded in the last 24 hours after suffering a decline to below the $185 mark and found itself in a nice position today. The coin enjoyed a 3.90 gain in value to the dollar and is currently trading above the $195 resistance levels.
Looking at the current trend, BCH may continue to rise and surpass the $200 psychological barrier. On the downside, the next support level is around $190.
EOS Price Analysis
EOS price enjoyed a minimal rise of 2.71% in the last 24 hours as the coin has begun a steady ascent. The coin is currently priced at around $2.56 and could gain more in the coming hours.
The next resistance barrier is $2.600 after which it could make a run towards the $3.00 mark before the end of the year. On the downside 2.400 is the next support level for the coin.