The entire crypto market is down by 4.21% over the last day, with a global market cap of $1.45 trillion. Despite the bearish market, the decentralized blockchain network TRON is on its momentum as it continues to surge its price.
Justin Sun, founder and CEO of TRON network, took to Twitter and posted the world’s top 50 crypto performers.
The entire crypto market is red, but TRON recorded a huge growth rate of nearly +20% in the past seven days. At the time of writing, TRX trades at $0.0791 with a 24-hour trading volume of $3.3 billion. Currently, TRON secured 17th place on CoinMarketCap with a total market cap of $7.7 billion.
On May 5, the TRON network launched its TRON-issued algorithmic stablecoin, Decentralized USD (USDD). Likewise, many crypto projects pursue improvements in their technologies to stay competitive.
In the past few months, TRON has made strong partnerships and projects in the crypto industry. The firm remains dedicated to providing decentralized and boundary-free internet. Its good connection with BitTorrent allows TRX users to instantly access applications, content, and media of the network.
According to CoinQuora price prediction, TRON (TRX) will reach $0.15 by the end of 2022 if this bullish trend continues. Likewise, the first half of 2022 is going to show fast growth up to $0.12. Then this climb will slow down, but no major falls are expected.
With upcoming partnerships and developments, reaching $0.4 is quite optimistic from the price point of view but undoubtedly feasible for the near future.