While the rest of the crypto markets continue to plunge, TRX, the native currency of the TRON project led by Justin Sun has reached new heights.
First, the project launched trx.market a decentralized exchange running on the TRON blockchain and offering several trading pairs of the altcoin.
The next milestone arrived within two hours after the TRX exchange was announced by Justin Sun. The new market reached 100 million TRX trading volume and will likely see more increase over the next few hours.
— Justin Sun (@justinsuntron) November 15, 2018
On the daily trading chart, TRX is still over 14% down despite the latest announcement and milestone being reached by the project.
Investors in the project can, however, draw confidence from the fact that TRX has achieved some stability trading between $0.0186 and $0.0183 during the hours leading up to press time. Any rebound in the general state of the crypto markets should see the altcoin make a comeback in the light of recent milestones.
We also reported last month that TRON had surpassed 1.1 million daily transactions for the first time.
TRX market cap at the time of writing this report was $1.2 billion.