Tron (TRX) wakes up at Bittrex Listing Boost

Nothing can raise the price of an altcoin better than listing on a major exchange. They’re not much bigger than Bittrex, who announced the listing of Tron (TRX) a few hours ago.

Tron has lagged behind since his almighty pump in early January. As the crypto craze peaked, the fear of missing out caught many newbie traders who pounced on what they believed was the next largest in crypto land.

Tron Pump and Dump

Tron is a Chinese entertainment-based cryptocurrency founded by entrepreneur Justin Sun. Part of its early success was the spate of social media activity that drove the coin from $ 0.002 in early December to a high of $ 0.28 in early January. This epic pump resulted in a nearly 14,000 percent increase in less than a month. Lots of people made lots of money off TRX, including its founder, but also lost a lot getting anywhere near the top as Tron has been sliding down ever since.

That’s up to today’s announcement that it will be listed on one of the largest exchanges in the world, Bittrex.

As of now, $ TRX is available for trading on the #BittrexExchange.

– Bittrex (@BittrexExchange) March 1, 2018

Thanks @BittrexExchange. Welcome to #TRX $ TRX trading in Bittrex! #TRON

– Justin Sun (@justinsuntron) March 2, 2018

Price action jumped a few hours ago during the morning Asian trading session when TRX shifted up a gear to trade 20% higher that day. The coin is currently trading at $ 0.05, which is still a long way from its all-time high.

The future for Tron

Justin Sun has been at the receiving end of a world full of flak on social media for his constant partnership announcements. The company has forged some partnerships with smaller Chinese companies, but nothing of the magnitude that would reinvigorate great interest in this volatile cryptocurrency. Add this to the fact that Tron has yet to launch a solid product and it’s easy to see why trust in this coin has waned over the past two months.

To boost prices, a coin brand was planned that would reduce the number of tokens in the overall offer. The number is currently 100 billion with 65 billion floating around. At its peak, Tron was # 6 on the market capacity charts, but has since dropped to # 15. The current market capacity is $ 3.2 billion and the daily trading volume is close to $ 500 million.

Bittrex may just wake up the Chinese dragon, but it will take a lot more than just listing to get TRX back with the big boys.

Will Tron take off in 2018? Add your views to the comments below.

Images courtesy of Tron: Legacy / Walt Disney (2010)

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