Tron (TRX) is going with the current bullish run that characterizes the cryptocurrencies market, lately, since the leader of the market, Bitcoin (BTC) is skyrocketing. But Tron (TRX) has one big fight to win against Tether (USDT) to become a top ten cryptocurrency.
Earlier today, July 25th, Tron (TRX) managed to surge its market capitalization to surpass Tether (USDT) and became the 10th cryptocurrency in the market. Unfortunately for Justin Sun and TRON Foundation, USDT managed to recover and outperformed TRX by about $70 million regarding market capitalization.
Bitcoin (BTC) surge pulled up the entire cryptocurrencies market
As usual, when the BTC, the leading cryptocurrency in the market, rises, so do the other cryptos, or at least the majority of them. The thing is not different now, and most of the cryptos recorded gains in the last period, thanks to the Bitcoin (BTC) surge.
As long as Bitcoin (BTC) is skyrocketing, the cryptocurrencies market shows stability and investors and traders are attracted to put money on cryptos.
Tron (TRX) also goes bullish, as the bullish run is now characterizing the cryptocurrencies market and recorded significant gains in the last few days, in particular. However, TRX is struggling to be a top ten cryptocurrency and has to outperform Tether (USDT) to achieve the 10th position by market capitalization.
Tron (TRX) is battling Tether (USDT) for the 10th place in the cryptocurrencies market
As I’ve mentioned above, Tron (TRX) managed to surpass Tether (USDT) earlier today but only for a brief period, as USDT recovered and is now securing the 10th place in the cryptocurrencies market.
At the moment of this writing, Tron (TRX) trades at about $0.036, recording a 4.08% increase in the last 24 hours. Currently on the 11th position in the cryptocurrencies market, TRX scores a market capitalization of approximately $2,43 billion. In comparison, Tether (USDT) is on the 10th place with a market cap of about $2,50 billion.
However, besides the cryptocurrencies market’s bullish run set by Bitcoin (BTC) surge, Tron (TRX) also goes bullish on its own achievements, the last one being the acquisition of the BitTorrent platform.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.