Going into the weekend, TRX, the native coin of the TRON network, surprisingly rose by 11%.
At the time of writing, TRX has increased by 12% over the previous week and 11.20% over the previous 24 hours to reach $0.085. The top 20 stocks, which had minor increases over the previous day, are outperformed by TRX in terms of daily gains.
XRP is second to TRX in terms of weekly gain, up 11% for the period of time indicated.
Following a significant news that TRON had gone live on the Ethereum blockchain through the BitTorrent bridge, TRX, which had been increasing steadily since March, made a significant jump on Friday.
TRON (TRX) has increased its reach by going live on the Ethereum blockchain by utilising the BitTorrent bridge, according to TRON founder Justin Sun, who announced the news on Twitter. The TRON creator said, “TRX is now completely accessible within the Ethereum ecosystem.”
According to on-chain analytics company Santiment, this week ended bullishly for cryptocurrencies. This occurs as most crypto assets are trading in the green as of the time of publication, following dips earlier in the week.
It lists a few assets, including TRX from TRON, that have witnessed notable price hikes as the week comes to a close.
Given a “ongoing tight correlation,” Santiment continues, the performance of stocks in the forthcoming week could provide a hint as to how crypto assets may fare.
TRON sets new high in daily transactions
Since its price dropped to a low of $0.056 on March 22, TRX has been steadily increasing. On June 2, TRX soared from lows of $0.074 to highs of $0.084, giving the move enormous impetus.
TRX reached highs of $0.085 throughout the surge that persisted up until the time of publication. With a market worth of $7.73 billion, TRX is presently ranked 11th in the cryptocurrency world thanks to the change.
With its most recent bullish rise, all eyes are on TRON to see if it can reenter the top 10.
On June 1, Justin Sun, the creator of TRON, announced the wonderful news that the network has reached a new peak for daily transactions, with 10,935,762 transactions completed.
According to Sun, the increase in transactions is anticipated to boost protocol income, demonstrating that TRON’s fundamentals are still solid even in a difficult market.
