TOKENS
Tron Founder Announces New Listing on Huobi.pro Exchange

2018-01-30 00:26:08
by Saffron Weale
img
Tron Founder Announces New Listing on Huobi.pro Exchange

In December 2017, Tron (TRX) was trading at one-fifth of a cent. However, by the first week of January, the cryptocurrency had rocketed in price by 12,400% to $0.25. This massive moment caught the eye of many industry experts.

\r\n

Since then, the cryptocurrency market has seen steep corrections, with almost every coin or token seeing massive drops in value. Tron has not escaped this fate, with the price falling to $0.06. The 24-hour trading volume for the cryptocurrency has also fallen from around $4 billion during the January peak to just $315 million at the end of the end of the month.

\r\n

However, while the outlook may seem weak, the current value of the coin could be far below its long-term potential. At the current low prices now could be the time for investors to pick up cheap coins in anticipation that prices will pick up in the future. One factor which is limiting market adoption is the fact that Tron is only available on the Bitfinex exchange, which reduces market access and liquidity.

\r\n

However, Justin Sun, the founder of Tron tweeted that the huobi.pro exchange was now onboard. The huobi.pro exchange listing Tron could be the catalyst which sees the price of the cryptocurrency rally again.

Similar News
img
BREAKING
Zloadr's Liquidity Exchange
2018-04-05 19:32:35 | by Dominic Brown

Zloadr is launching a new token exchange powered by its audience.

More
img
BREAKING
Bonpay Card Shows Second Biggest Weekend Gains
2018-02-20 12:25:28 | by Dominic Brown

Short Description / Article Intro

More
img
BREAKING
KuCoin users Targetted by Scammers Using Fake Twitter Accounts
2018-02-17 11:57:06 | by Dominic Brown

Short Description / Article Intro

More
img
BREAKING
More Dates for the Decred Roadshow
2018-02-14 22:08:02 | by Dominic Brown

Short Description / Article Intro

More