The cryptocurrency markets have recovered from the bottom in the past month. Many of the cryptocurrencies have surged in this period of time as well. The mainstream cryptocurrency Bitcoin (BTC) has increased from $ 3200-$ 3800. However, there are a few other cryptocurrencies which have surged more than Bitcoin (BTC). One such cryptocurrency is Tron (TRX).
Tron (TRX) is up by 73% in just 1 month:
At the same point in time, the volumes earlier were around $ 65 million. In the past 24 hours, the volumes are over $ 106 million. This clearly indicates that the volumes have surged in between as well. Owing to this very reason, Tron (TRX) has jumped up substantially. During this month, it is close to the milestone of 1 million blockchain users as well. This is a significant milestone as very few other cryptocurrencies are able to claim this milestone. In this very year, Tron (TRX) launched its main net as well. Thus, after the launch, it has gained a significant amount of traction as well.
With that being said, the cryptocurrency market seems to be stagnating or consolidating around these levels. It remains to be seen whether Tron (TRX) is able to defend these gains or not. With a gain of 73% in just one month, some profit booking will surely be seen. It remains to be seen how much gains are given back by Tron (TRX). Also, it might consolidate around these levels for a longer period of time before it can move higher. A lot will be dependent on the movement in Tron (TRX).