The Tron community is anticipating the upcoming launch of the TRON mainnet, as the value of TRX keeps on rising for the 2nd week in a row.
Whether the upcoming mainnet launch is a major part of the recent rise in price is unknown, but it surely has an effect on the community. Tron has also just been added to more exchanges and has gotten more trading pairs on already listed exchanges, a major one is TRX/USDT on Bittrex.
As a result of these listings, more investors have gotten the opportunity to get their hands on Tron, which has caused the volume to increase rapidly. Tron (TRX) currently has a trading volume of about $1,100,000,000 in the last 24 hours according to Coinmarketcap.
Usually when volume increases for a specific coin, so does the value. So this definitely has had a part in the surging price of Tron. At the moment, the entire cryptocurrency market is recovering from months of falling prices, which has given Tron yet another push forward.
In a bull market, many investors look into other smaller coins instead of just putting their money into Bitcoin, because smaller coins can potentially give of greater profits, but can at the same time result in bigger losses. Nevertheless, Tron has been performing very well in the last 24 hours, so anyone who bought just recently is sure to be up a lot by now. If you wish to get a live update on the price of Tron (TRX), check out our price page.