Shortly after the TRON ICO, China outlawed its digital tokens, which likely hindered TRON’s growth and may be a reason that TRX failed to make any gains before the end on 2017. This is because it follows the pattern of many other cryptocurrencies which surged in price thanks to the hype of the 2017 Bitcoin bull run. The overall price chart for TRX is a familiar sight - a huge spike at the end of 2017/start of 2018 and not a lot of movement either side in comparison. TRON (TRX), like most crypto coins, tends to follow a boom-and-bust cycle, in which growing excitement leads to a sudden surge in price, before doubt and disillusionment set in and cause a just as sudden crash. At the start of 2021, though, TRX’s price began to climb again and broke above $0.06 for the first time in almost three years. TRX remained fairly volatile for the rest of the year without making any significant gains. At the end of August and beginning of September 2020, TRX rapidly doubled in price, but then crashed back down just as quickly. This marked the start of a period of growth which was mostly steady for the next five months. TRX reached about $0.04 in June 2019 but didn’t stay there long, and by 12 March 2020, TRX had bottomed out at just under $0.01 after falling 45% in a single day. Price movements over the next two years weren’t as dramatic as previous ones. This price wasn’t sustained, and over the next three and a half months TRX gradually fell back to $0.02. This time, however, it couldn’t find the momentum to get above $0.10. Price was somewhat volatile for the next three months and then had another upsurge at the end of April 2018 when TRX doubled in less than a fortnight. This was followed by a similarly sudden crash and in about a week and a half, TRX had shed almost three quarters of its value and dipped below $0.06 again. This was when the market cap of TRX reached its highest value of almost $14 billion. Then things really took off and TRX shot up by over 400% in less than a week to hit its all time high of $0.21 on 5 January 2018. There wasn’t much change for the first three months, during which TRX mostly traded between $0.001 and $0.003.ĭecember 2017 brought the first significant price movement for TRX and by the end of the year it had climbed to $0.04 and its market cap had surpassed $1 billion for the first time. TRX was initially an ERC-20 token (it migrated to the TRON network in 2018) when it was launched through an initial coin offering (ICO) in September 2017, and entered the market trading at around $0.002. We’ve compiled everything you need to know to understand past TRX price action and the factors that influence it. If you want to know why then you’re in the right place. TRON (TRX) is a more recent invention than Bitcoin, but it’s price has nevertheless had an interesting history. The TRX token connects the entire TRON ecosystem and has a number of applications including obtaining voting rights and bandwidth. Launched in 2017 by Justin Sun, TRON is building the infrastructure for a truly decentralized internet, and its high throughput and scalability make it a popular blockchain for building decentralized apps (dapps). How do Tron price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance. And the lowest recorded TRX price is EUR. The market rank of Tron is based on a market capitalization of EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR.
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