TRON Price

TRON Price Jumps by 116% – What’s the Reason behind this Phenomenal Performance?

At press time, TRON price is hovering around $0.027918. Though the price is currently down by -7.52% on the 24-hour chart, the gains it has accrued in the last one month (especially from December 15, 2018) is more than commendable. The TRON price has jumped from a mere US$0.0129-level to US$0.0279, which is equivalent to a growth of over 116%.  This price increase has comfortably edged past the price movement of both Bitcoin and other major cryptocurrencies.

However, it should also be mentioned that the price of TRON is currently down by 89% from the all-time high level. Reports say the recent jump in price has been because of the efforts put in by the TRON Foundation as well as its Founding CEO Justin Sun. In its recent effort, both the foundation and company CEO have infused a large amount of capital in financing the DApps (Decentralized Applications) as well as developers.

TRON Price has published a report last week. It says that the TRON Foundation and its CEO has invested billions of US Dollars in the TRON DApp ecosystem. Analysts believe this capital financing has helped in increasing TRON blockchain protocol’s usage for DApps. This, in turn, helped the TRON price to jump significantly in the last one month duration.

TRON Price Growth Outperformed Bitcoin and Other Major Cryptocurrencies

Since December 15, 2018, TRON price has increased by 116%. At one point of the time, it even grew by more than 134%. Now, let’s compare the growth rate of TRON price with Bitcoin and other major cryptocurrencies. It clearly shows that TRON has clearly outperformed Bitcoin, Ethereum, Ripple, EOS, and Bitcoin Cash.

Since December 15, 2018, Bitcoin price has increased from US$3,236.76 to the current price at US$3,477.94, which is an increase of around 7%. It grew at a significantly lesser rate than that of TRON. In case of other leading cryptos such as Ethereum (ETH), Ripple (XRP), EOS (EOS), and Bitcoin Cash (BCH), they suffered a loss in the range of -3% to -5%.

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