Bitcoin price has skyrocketed back up above the $11,000 resistance, for the first time in 21 days. As a result of bitcoin’s spectacular recovery, other altcoin markets are also showing green today. Litecoin is the second leading coin showing 8% spike.
Tron Price Analysis
According to Coinmarketcap, Tron holding 12th position is trading at $0.022769 with 2.22%. In terms of TRX/BTC, the coin is trading at 0.00000194 BTC with -6.46% loss.
TRX coin is currently holding $1,518,315,138 market cap with $419,463,265 24-hour volume and 66,682,072,191 TRX circulating supply.
However, Justin is more optimistic about Tron cryptocurrency. On August 4th Justin Claimed that the second half of 2019 will be extremely amazing for Tron. Moreover, in response to a tweet, Justin said: “Soon I will have a letter out to our community regarding our plans for the rest of 2019.”
Thus, Tronics have to wait and see if Justin has huge plans for Tron as he expressed, or that was just make-believe.
On August 5th, Justin announced the release of SUNNetwork version 1.0 on August 10th as one of TRON’s 100X scalability solutions.
Additionally, As per the report shared by Justin, the total number of DApps on Tron has increased. There are 24 new DApps on the network and this brings the total number of DApps on it to 545. Also, a few interesting DApps Crypto Flowers and OxWarriors were added to Tron’s network this week.
Overall these developments reflect the steady growth of Tron. It will be interesting to see if Tron can enter the top 10 crypto market.