Crypto Daily: Bitcoin in Sideways; Tron and Its Ecosystem Grew at Hundreds Of Percents
Bitcoin price continues to fluctuate in a narrow range of $57,000 — $59,000. Volatility has already decreased and the chart finally turned into a sideways movement. This has allowed many altcoins to grow by hundreds of percent over the past week.
Tron and the projects built on its blockchain have distinguished themselves especially strongly this week. So, the BitTorrent project moved up to the 10th line by one due to its rapid growth, but the very next day, it dropped back to 22nd place by capitalization.
TRX also showed strong momentum and gained 100% over the week. What is the reason for such a growth of the Tron ecosystem, and should we expect the conquest of new heights from this coin? Let’s figure it out. First, let’s take a look at the chart:
