TRON (TRX) soars 25% on Thursday, according to coinmarketcap data. The currency is trading at $ 0.037969 against Wednesday’s closing rate of $ 0.0301, the average price of most cryptocurrency markets that trade in the Tron lounge. TRON is a project dedicated to building the infrastructure of a decentralized Internet. The Tron protocol, a large blockchain-based operating system, offers scalable, high-availability support that underpins all decentralized applications in the TRON ecosystem. It is ironic that, as the price of Tron peaks, other digital currencies have come under intense pressure since the banking regulator Reserve Bank of India (RBI) issued strict instructions that all banks must terminate their relationships with entities that deal with cryptocurrency within three months.
TRON cryptocurrency takes a huge leap in one day. Five things to know
1. TRON’s market capitalization climbs to $ 2.496 billion.
2. One week ago, the price of TRON was higher at $ 0.043 compared to Thursday’s price of $ 0.0301
3. On March 22, the price of TRON was higher at $ 0.0379 compared to Thursday’s rate of $ 0.03014. Three weeks ago, the price of TRON was almost close to $ 0.030119, close to Thursday’s price of $ 0.0301.
5. Tron’s market cap on March 6 was $ 3 billion and fell to $ 1.859 billion on March 18. Market cap jumped to $ 3.2 billion on March 25, but fell again to $ 2.2 billion.