In the latest news, we are (again) focusing on the TRON (TRX) cryptocurrency. After the recent announcement shared on our DC Forecasts crypto news site where we spoke about TRON now supporting more than 50 dApps, now we are looking at the growth of this altcoin in terms of its price.
After months of bear pressure, TRON is now back and its founder Justin Sun is confident about new opportunities on the horizon. The price of TRX has rebounded as the altcoin surged by 58% over the past week and is now trading at $0.02 with a $155 million market cap.
From a tweet that he published days ago, we can see that the founder of TRON is now even planning to hire the recently fired developers from ConsenSys and Ethereum.
“Everyone in @ConsenSys and @ethereum, please send your resume to [email protected] and embrace your new opportunity! You are most welcome to join our fast-growing and well-funded #TRON family.
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#TRX $TRX #ETH.”
After the 58% expansion in the last week, TRON is correcting and is down 5.1% in the last day, where a retracement is still expected as long as the prices of the top coins are in the green. Speaking of top coins, the new surge of TRON (TRX) has put the altcoin in the Top 10 largest cryptocurrencies by market cap where TRX is safely trading at the tenth place.
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