TRON price (TRX/USD) rises to 11-day high on Tuesday afternoon

The TRON price (TRX/USD) has risen to an 11-day high after seeing some strong trading over the past 24 hours.

The ninth-largest digital currency on the market performed strongly on Monday, as it saw two major price jumps during the session. The first uptick, which happened during the morning session, sent the TRON price over the $0.025 mark, up from its opening level of $0.0238. The digital coin then experienced a second price jump in the final hours of the session and finished the session at $0.0256.

TRON managed to further its gains in today’s early trading, during which it break above the $0.026 mark for the first time in four days. While the token spent the next few hours swinging between gains and losses, it recently rallied to an 11-day high of $0.0267. At the time of writing, the TRON price was still hovering around that level, according to data from digital currency tracker Coinmarketcap.

TRON’s strong gains over the past 24 hours make it the best performer in the crypto top 10 and continue its robust performance since the start of the year. The coin has been recently bolstered by news that BitTorrent, the file-sharing company that was acquired by Tron last year, will launch its own crypto token, based on the TRON protocol. The BitTorrent Token (BTT), which is aimed at incentivising file sharing on the BitTorrent network, will be integrated into the µTorrent Windows client, starting later this year. With some 100 million users reportedly using BitTorrent’s products, the move could mark a major step toward mass crypto adoption.

In today’ trading, the TRON price stood at $0.0266, as of 16:03 GMT. The digital coin has gained 5.7% in the past 24 hours, Coinmarketcap data shows. Its total market cap currently stands at nearly $1.8 billion.