It is a pretty interesting time to be involved in cryptocurrencies. With all of the ups and downs over the past four months, there’s no boring day whatsoever. It seems the TRON price is also gaining a lot of value as of late. As of right now, the TRON price sits at just over $0.065, and may continue to rise for the foreseeable future.
TRON Price Momentum Intensifies
While every cryptocurrency has seen its value go up over the past few days, things look pretty good for the TRON price as of right now. Thanks to solid gains all week long, the TRON price has risen from $0.042 to $0.065 in very quick succession. Such a 50% gain should not be overlooked, not even in the cryptocurrency industry known for its massive price volatility.
In the past 24 hours, the TRON price has risen by another 21.77%. That is pretty spectacular, especially when considering how the price had already risen to over $0.05 in the days prior. This seems to confirm TRON is part of a massive uptrend right now, although it is possible there will be a brief dip in the days and weeks to come. Cryptocurrency markets remain pretty volatile first and foremost, as they always have been.
It is also interesting to see how TRON has gained 16.91% against Bitcoin. Unlike previous weeks, its gain over Ethereum is smaller compared to Bitcoin’s. While a 12.74% increase over Ethereum is nothing to sneeze at, it seems the momentum favors Ethereum more than Bitcoin at this stage. How all of this will play out in the rest of 2018, is very difficult to gauge right now.