TRON (TRX) in the Market Today
Following the cue of Bitcoin (BTC), the value of the TRX tokens has remained relatively stable over the last two weeks, wavering between $0.022 and $0.026.
As at the time of this writing, the TRX is exchanging hands at a value of $0.02219 as it shows a decline of 0.51% over the last 24 hours.
When it comes to positive development, the market is yet to move at the same momentum with the Tron ecosystem. The market may not be as bullish as the Tron community would wish, however, the following announcements prove that the Tron ecosystem is.
AltcoinTrader Now Trades TRON (TRX)
AltcoinTrader, an emerging cryptocurrency exchange based in South Africa has launched support for TRON (TRX). TRON opens for trade on the exchange today, Tuesday, October 30, 2018.
While AltcoinTrader is a relatively small crypto exchange, it exposes Tron into a market almost unscathed by the rise of cryptocurrencies. This listing is not expected to rake in the highest trade volumes anytime soon but could be of major importance in the future.
TRON Sets New Transaction Record
Despite what can be described as a faltering market, TRON has been recording substantial growth when it comes to its transaction. Setting two new transaction records in close succession.
On October 18, Justin Sun announced that Tron had set a new transaction record as it crossed the 500,000 benchmark, and surpassing the daily transaction of Ethereum (ETH) in the process.
According to Sun, it was the first time Tron surpassed Ethereum in the daily transaction. The record would be short-lived, as Tron would reach another milestone a week later.
Yesterday, the official Twitter account of TRON shared a tweet confirming that Tron had reached another daily transaction record. The news outlet, Ambcrypto reported that Tron surpassed 900,000 on October 27.
TRON Joins the Binance Charity Foundation
At this year’s UNCTAD World Investment Forum, the Blockchain Charity Foundation (BCF) initiated by Binance with Tron as a member launched, a blockchain based portal for donations.
Members of the BCF will commit their resources towards achieving the Sustainable Development Goals of the United Nations. Founder and Super Representative of Tron, Justin Sun has announced that he will dedicate his resources to create a better society.
While being a member of BCF would see Tron give away resources, members of the crypto ecosystem and beyond have applauded the Tron’s move.
The TRON Virtual Machine and dApps
Although the Tron Virtual Machine is still being optimized to make the development of dApps easier, TRON’s weekly development on the project has increased the expectation of the TRON ecosystem.
Tron also announced in the report that dApphouse has been launched, and is now live. In the weekly report, Tron also revealed that smart contracts are now enabled on the Tron ecosystem with Tronscan.
To add to the slew of positive announcements that flooding the Tron ecosystem, the founder of Tron, Justin Sun also announced that Tron remains the most mentioned Cryptocurrency on Twitter, based on a survey conducted by CoinTrendz.