The Tron price rallied by 15 percent on Monday, defying the sluggish performance of the overall cryptocurrency market.
Tron Price Makes 15% Advance in Defiance of Sluggish Market
The cryptocurrency market cap shed $4 billion on Monday, continuing a reversal that began on Sunday. Eight of the 10 largest cryptocurrencies fell against the US dollar, while another — Ethereum — rose just one-half-of-one percent for the day.
Only Tron managed to extend its momentum into the new week, surging by more than 15 percent to a present global average of $0.099 and a $6.5 billion market cap. The rally propelled Tron back into the top 10, and it currently ranks ninth on the charts, where it sits approximately $900 million ahead of 10th-ranked NEO.
The majority of Tron’s trading volume is concentrated in South Korea, where it trades at a slight premium over other exchanges. At present, the TRX/KRW pairs on Upbit and Bithumb alone account for more than 51 percent of the token’s global volume.
SOURCE https://www.ccn.com/tron-price-posts-15-rally-but-is-a-rumor-to-blame/