TRON price (TRX/USD) edges higher in nervous Monday session

The TRON price (TRX/USD) has edged higher following a busy weekend that saw TRX making big moves in both directions.

The digital coin suffered a big loss on Sunday, even though it had a strong morning session, during which its price hit a two-week high of $0.0271. This early progress was lost entirely after TRX suffered a big downward correction in early afternoon trading. As a result, the coin hit a six-week low of $0.0228, before finishing the session at $0.0238, down from its opening level of $0.0254.

TRON has managed to regain some ground today, even though its momentum has been hindered by frequent price fluctuations. Still, at the time of writing, the TRON price was holding above the $0.024 mark, according to data from digital currency tracker Coinmarketcap.

After a big increase in terms of market activity on Sunday, trading appears to have calmed down today, recent market data shows. TRON’s daily trading volume reached $352 million yesterday, more than doubling Saturday’s figure. In comparison, TRON’s current 24-hour volume stands at $213.5 million, which suggests that the market activity has been subdued so far on Monday.

In other TRON-related news, the founder of the Tron Foundation Justin Sun announced on Saturday that the protocol would undergo a hard fork at the end of the month, designed to make the platform more attractive to institutional investors. The planned changes include the addition of new features such as multi-signature and account management.

In today’s trading, the Tron price stood at $0.0243, as of 15:47 GMT. The digital currency has gained 2.1% over the past 24 hours, Coinmarketcap data suggests. The coin’s total market cap currently stands at just over $1.6 billion, which makes TRX the ninth-largest digital coin on the market.