Tron [TRX] overtakes Cardano [ADA] to become tenth-largest cryptocurrency

Tron [TRX], after going up by over 10% over the week, has managed to secure the tenth position on CoinMarketCap top-10 coin list on November 5. TRX crossed Cardano [ADA] at the time of press, and reflected a growth by 0.26% within the past 24-hours. On December 4, TRX had overpowered Monero [XMR] to take its eleventh position.

According to CoinMarketCap, at the time of press, the coin was trading at a value of $0.0145, with a market cap of $ 964 million. The 24-hour trade volume of the coin was $76 million and it had grown by 12.23% in the past seven days.

Source: CoinMarketCap

Source: CoinMarketCap

According to trading volume, BitForex registered the highest trading volume on TRX/USDT pair, with a 24-hour trade volume of $12 million. The next in line was Binance, which registered a 24-hour trade volume of $8 million on the TRX/USDT pair. Binance was followed by Upbit, which registered a 24-hour trade volume of $5 million on the TRX/KRW pair.

The cryptocurrency also saw an adoption as it got listed on MBAex, where TRX was paired with Bitcoin [BTC] and Tether [USDT]. Justin Sun, the founder and CEO of Tron Foundation, took to Twitter and announced the big news. Sun had tweeted:

“TRX will be listed on @MBAexOfficial, South-East Asia’s biggest blockchain assets trading platform powered by blockchain technology. #TRONICS can deposit #TRX on December 6(SGT) and trade TRX/BTC, TRX/USDT, TRX/MDP on December 7(SGT). #TRON $TRX”

Tron Foundation had also reported having surpassed 2 million transactions and registered over 700,000 accounts. Sun had claimed that Tron will surpass its competition Ethereum [ETH]’s numbers in the future.

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Namrata Shukla

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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