A few days before the end of May 2022, the crypto trade sees the light with one of the least expected tokens. TRX rises in value as Bitcoin continues on a bearish streak.
For over a month, the 15 favorite cryptos, like the entire crypto industry, have fallen by over 10 percent of their value. AVAX, which would occupy the 13th position by its market capitalization, reported a decline of over 22 percent, reaching over $23, leaving room for TRX to surpass it in the list.
All crypto trading sets its sights on Tron
Crypto trading is going through a rough patch where XRP has fallen by 7 percent in value, BNB lost over 2 percent, and DOT fell by 3 percent, according to the Trading View agency. But the number one crypto, Bitcoin, decreases its price by 4 percent in 7 days.
Even though all decentralized trading is suffering from this losing streak, charts on NASDAQ show a spike in adoptions throughout the month. As reported by NASDAQ, acquisitions in strong technology increased 6 percent, which saw an increase in sales within the S&P.
Meanwhile, TRX, TRON’s crypto, reports a rise in value, giving hope that the entire virtual industry will come out of this bad episode. Recently, the token increased its price by 11 percent, trading above $0.081.
TRX continues to rise in price
TRX could be the most profitable crypto in the market. According to CoinMarketCap, the token continues to rise in price, reaching a value of $0.08357 today. This increase could be due to the latest announcements by its manager where they intend to launch their Stablecoin.
In reality, crypto trading is experiencing a never-before-seen sell-off where many fans are suspicious that Bitcoin or Ethereum will lose their capitalization. However, new technologies are being prepared for the industry, and this crypto scheme is not only based on buying and selling but also on the entire financial world.
TRX could be proof of crypto trading picking up, knowing that the token had been under the radar for a while. But the news indicates that crypto regulations are loosening as government agencies look for a solution to control trading in a non-invasive way. Added to these advances are the latest NFTs developments.