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TRON price (TRX/USD) hits three-month high above $0.026

on Jan 8, 2019
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The TRON price (TRX/USD) has hit a near three-month thanks to a strong rally that has dominated most of the coin’s Tuesday session.

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TRON enjoyed some positive price action on Monday afternoon, which allowed the coin to bounce back from an intraday low of $0.0227, but ultimately was not enough to sustain a meaningful rally. While the coin quickly surged to $0.0241, its highest level since November 8, it spent the rest of the session on a downward trajectory. Still, the coin finished the day at $0.0236, above its opening level of $0.0230.

The coin has had a much more consistent today, as its price has been on the offensive pretty much from the start of the session. In recent trading, TRX hit a near three-month high of $0.0266, according to data from digital currency tracker Coinmarketcap. At the time of writing, the TRON price was hovering slightly below that level.

At the same time, TRON’s rally has been supported by strong market activity. Recent market data shows that some $321 million worth of TRX tokens have changed hands over the past 24 hours. This is double the daily trading volume TRX managed to post on Monday

The most popular destination for TRON trading has been Bit-Z, which has captured nearly 30% of all trades in the past 24 hours. The world’s largest crypto exchange, Binance, accounts for around 22% of the volume, while South Korea’s Upbit platform remains a distant third with 7.7%

In today’s trading, the TRON price stood at $0.0260, as of 16:19 GMT. The digital coin has gained 9.2% in the past 24 hours, which makes it by far the best performing top 10 cryptocurrency in that period. TRON’s total market cap currently stands at $1.7 billion, which makes TRX the ninth-largest digital currency on the market.

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