TRON TRX Coin Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

TRON is one of the largest cryptocurrencies. It had a market capitalization of nearly US$ 1.9 billion on 1 October 2020, accounting for about a percent of the market for crypto assets.¹^|2 Its ticker symbol is TRX.

In October 2017, the gathering of real-time trading data for TRON launched on coinmarketcap.com.

tron.network

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, TRON had an average trading volume of over US$ 211 m per day for the first trimester of 2019. Over the same period the year before, this figure came to nearly US$ 540 m. The trading volume dropped by 60.8 percent accordingly.

For the first trimester of 2019, the average market capitalization equated to over US$ 1.6 bn. This figure came to nearly four bn during the same time frame the year before. The corresponding downward retracement of market capitalization equated to 59.4 percent.

Trading Price

The average trading price in the first trimester of 2019 was US$ 0.025053. In the same time frame of 2018, this figure came to US$ 0.067952. The corresponding downward price retracement was 63.1 percent.

The all-time high of TRON in 2018

TRON TRX Price analysis generated by coindashboards.com — Price analysis for the most important moments in TRON’s trading history (TRX)

The price of the TRON currency reached a high in January 2018 at just above US$ 0.30. The equivalent market capitalization of the coin reached over US$ 14.5 billion. This put TRON around certain other digital currencies, such as NEM, Litecoin and Stellar.

TRONs all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 293 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.

TRON (TRX): 14.5 bn US dollars
Bitcoin (BTC): 293 bn US dollars
Apple (AAPL): 890 bn US dollars
VW (VWAGY): 108 bn US dollars
Date: 5 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of TRON stood at US$ 0.024011 with a market capitalization of nearly US$ 1.6 billion. Compared with the peak trading price stated above, this represents a retracement down to approximately 8 percent.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The TRON-Coin is not created through mining. It has no maximum number of coins, unlike Bitcoin, for example. If you are interested in the source code, be sure to also visit the GitHub page.

TRON transactions currently in progress can be tracked using this block explorer, which also shows block height and other recent metrics.

Further information about TRON, including the white paper and other links to source code, community forums and social media channels can be found on tron.network.

Markets

TRON TRX Market analysis generated by coindashboards.com — Markets on which TRON (TRX) can be traded

EUR

Two large markets for buying or selling TRON in EUR are Kraken and Bitfinex. There are additional platforms where you can buy or sell TRON, including Bitvavo, CEX.IO and Bittrex, among others.

USD

Three large markets for buying or selling TRON in USD are Kraken, Binance and Bitfinex. There are additional platforms where you can buy or sell TRON, including Huobi Global, HitBTC and Bitrue, among others.

BTC

Two large markets for buying or selling TRON in BTC are Binance and Bitfinex. Additional trading platforms for buying or selling TRON in BTC are OKEx, HitBTC and BitForex, among others.

Social Links

Visit the following social media channels to speak directly to the TRON team:

^{1. This figure changes to 1.3 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}