Tron surges by 31% in a day; TRX to the moon?

The fate of cryptocurrency market has turned around once again with Bitcoin [BTC] showing a trend reversal this morning. Along with BTC, all the other coins also started their bull run.

Tron [TRX] showed a substantial growth this morning among all the cryptocurrencies on the list. At the time of writing, TRX is trading at $0.015 with a market cap of $1045 billion. The cryptocurrency is at the 12th position as per CoinMarketCap and has seen a tremendous surge of 31.6% in the past 24-hours. TRX has also seen a 6% hike in the weekly statistics.

Currently, TRX is being traded the most of BitForex with a volume of 20.46%. This is followed by several top exchanges including Binance, Upbit, OKEx, Huobi.

First week of November saw the cryptocurrency trading at $0.023 which remained constant until the bears hit the cryptcuurency market. Further, the cryptocurrency gradually began to decline and closed at 0.011 yesterday.

Justin Sun, the Founder of Tron recently announced that BitTorrent will be collaborating with various online companies which accept TRX. With this move, there will be an increased adoption of TRX in online marketplaces. This will also give consumers more options to unlock value from BitTorrent’s premium products.

Several Tron proponents have expressed their positive opinions about the same on Justin Sun’s Twitter announcement. These adoptions are also speculated to be one of the reasons behind TRX’s massive surge.

A crypto enthusiast says:

“@justinsuntron is using this bearmarket perfectly. Building a stable fundament for the next Bullrun. Keep it up!”

Crypto.Scott, a Twitter user says:

“Huge steps forward for the Tron Ecosystem!”