Ethereum
$ 1,023.96 8.23%
Solana
$ 31.94 6.93%
Dogecoin
$ 0.063766 9.67%
ApeCoin
$ 4.33 9.23%
Bitcoin
$ 18,856.05 7.22%
BNB
$ 212.16 4.35%

TRX rises in price as crypto trading experiences a bearish streak

TRX
TL;DR Breakdown

• TRON token increases its price by over 10 percent
• TRX gives hope amid declining crypto trading

A few days before the end of May 2022, the crypto trade sees the light with one of the least expected tokens. TRX rises in value as Bitcoin continues on a bearish streak.

For over a month, the 15 favorite cryptos, like the entire crypto industry, have fallen by over 10 percent of their value. AVAX, which would occupy the 13th position by its market capitalization, reported a decline of over 22 percent, reaching over $23, leaving room for TRX to surpass it in the list.

All crypto trading sets its sights on Tron

TRX

Crypto trading is going through a rough patch where XRP has fallen by 7 percent in value, BNB lost over 2 percent, and DOT fell by 3 percent, according to the Trading View agency. But the number one crypto, Bitcoin, decreases its price by 4 percent in 7 days.

Even though all decentralized trading is suffering from this losing streak, charts on NASDAQ show a spike in adoptions throughout the month. As reported by NASDAQ, acquisitions in strong technology increased 6 percent, which saw an increase in sales within the S&P.

Meanwhile, TRX, TRON’s crypto, reports a rise in value, giving hope that the entire virtual industry will come out of this bad episode. Recently, the token increased its price by 11 percent, trading above $0.081.

TRX continues to rise in price

TRX

TRX could be the most profitable crypto in the market. According to CoinMarketCap, the token continues to rise in price, reaching a value of $0.08357 today. This increase could be due to the latest announcements by its manager where they intend to launch their Stablecoin.

In reality, crypto trading is experiencing a never-before-seen sell-off where many fans are suspicious that Bitcoin or Ethereum will lose their capitalization. However, new technologies are being prepared for the industry, and this crypto scheme is not only based on buying and selling but also on the entire financial world.

TRX could be proof of crypto trading picking up, knowing that the token had been under the radar for a while. But the news indicates that crypto regulations are loosening as government agencies look for a solution to control trading in a non-invasive way. Added to these advances are the latest NFTs developments.

Carisbel Guaramato

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

Related News

Hot Stories

Bitcoin price analysis: Bears all set to nuke BTC as $19k support fades
Cardano price analysis: ADA swiftly returns back to $0.44, reversal next?
Dogecoin price analysis: DOGE declines down to $0.062 amid growing seller pressure
Chainlink price analysis: LINK price sinks to $5.95, a further downside to follow?
SKALE Price Prediction 2022-2031: How high can SKL get?

Follow Us

Industry News

CoinFlex CEO announces a shift in withdrawal date
Three Arrows could be liquidated due to the crypto market's bearish streak
Ronin bridge returns online after hack
Compass Mining loses Bitcoin mining facility for neglecting energy bill
Robinhood shares spike 14% on FTX rumored purchase report