RATE Group | Tron [TRX] Top Performer Among the Top 20 Cryptocurrencies Today
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Tron [TRX] Top Performer Among the Top 20 Cryptocurrencies Today

28 Nov Tron [TRX] Top Performer Among the Top 20 Cryptocurrencies Today

Posted at 18:05h in Cryptocurrency News by

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Markets have been undergoing a recovery over the past two days. The recovery was slow yesterday but picked up today with man major cryptocurrencies recording double-digit gains over the past 24 hours. The recovery has resulted in the market leader Bitcoin returning back above $4000 after appreciating 13% over the past 24 hours.

One of Ethereum’s main competitors, Tron, has been the best performer among major cryptocurrencies over the past 24 hours and a top performer the past 7 days. Tron has increased 27% over the past 24 hours. The increase is taking place on large volume showing real strength driving it.

There could be a number of reasons behind the outperformance we are seeing in Tron. Tron made an acquisition of BitTorrent Inc. earlier this year, and BitTorrent Pro has now begun accepting payments in Tron. The most recent upgrade to Tron has also been released which may be factoring into the increase.

Momentum has shifted to the buyers now with both the RSI and…

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