RATE Group | Tron’s Just.Game is over? TRX/USD loses 10% in a few hours
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Tron’s Just.Game is over? TRX/USD loses 10% in a few hours

23 Dec Tron’s Just.Game is over? TRX/USD loses 10% in a few hours

Posted at 10:26h in Cryptocurrency News by

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  • TRX crashes after a sharp growth during previous sessions.
  • The upside momentum might have been caused baby Just.Game pump.

TRON (TRX) hit $0.0160 during early Asian hours before collapsing to $0.0144. The coin has lost over 10% of its value in a matter of hours. While it is still 4/5% higher from this time on Sunday, the downside momentum is gaining traction.

From riches to rags

Tron’s TRX was the best-performing cryptocurrency asset on the weekend. The coin has jumped by 9% in less than 24 hours; however, the pump quickly transferred into a dump as the price hit the brick wall on the approach to $0.0160 resistance. After a short-lived spike, Tron’s market capitalization slipped below $1 billion, while the coin retreated to the 11th position in the global cryptocurrency rating. 

From the longer-term perspective, TRX/USD is down 25% since the beginning of the year. The bears’ sentiments started to build up in the second half of 2020 and led to a significant…

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