TRON (TRX) has been one of the fastest growing tokens in crypto over the past week, and the trend is looking to continue, at least for now. This token often gets overlooked because of its very low price. Only recently did it even surpass the $.01 mark, which as much as those in crypto may try to ignore comparing things to the US dollar, is still an important milestone.
The price is so low, however, because the supply of tokens is so high. They have 100,000,000,000 TRX total, with 65,748,192,475 circulating as of now. This is far higher than just about all other coins or tokens available. The total market cap of this coin just recently passed $1 billion, which as of this writing, puts this as the 23rd largest token.
If the coin can keep the momentum going, they will surely break into the top 20 before too long. The big question, however, is if it makes sense to enter TRX after such a huge surge in price. In the vast majority of cases, it is a foolish move to try to buy into a coin that has been making more than 100% gains on multiple days.
TRON, however, does have a lot going for it. Their idea is strong (ok, they actually have lots of ideas and future uses, but the main ‘selling point’ is their goal of decentralizing digital entertainment). The CEO, Justin Sun, is widely respected, and most people believe that he will be able to lead this company to great things.
Whether you’re currently invested in this company, or thinking about investing, it has certainly been exciting to watch this coin move. The large swings, and strong upward momentum have helped many people make a significant amount of money trading TRX.