Tron, the eleventh largest cryptocurrency on the CoinMarketCap list, saw a great fall on April 26 as its price fell from $0.0250 to $0.0225. However, the coin started to recover at press time, exceeding the block height of 8.7 billion.
The Tron foundation, along with its Chief Executive Officer [CEO] Justin Sun has been working towards pushing the momentum of the cryptocurrency and keeping the community up-to-date. Tron has been giving tough competition to Ethereum [ETH] and EOS in the DApps ecosystem and is now pushing its crypto into the mainstream as it crossed 2.6 million accounts.
Tronscan.org informed the community about the development through a Twitter post:
“According to the latest data from #TRONSCAN, block height of TRON has exceeded 8.7 million and accounts have exceeded 2.6 million on April 26. TRON ecosystem has developed rapidly and continues to make efforts to build the #decentralized internet.”
Tron’s popularity had been growing among the crypto community and was reflected in a poll carried out by Bitpanda, Europe’s leading crypto exchange. TRX received 44% vote from the community and was closely followed by Dogecoin with 34% in a poll asking the community on which currency they wanted on Bitpanda.
In another major adoption update, Huobi DM also added support for the token after only supporting a handful of cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], XRP, Litecoin [LTC] and EOS. Tron contracts on Huobi were made available from April 26. Ross Zhang, the CEO of Huobi Group, said,
“The addition of Tron is another big step towards our goal of making Huobi DM the most powerful and flexible platform of its kind. We look forward to adding even more coin types over the course of this year.”
At press time, TRX was falling by 10.62% over the past week and was valued at $0.0236. The market cap of the coin was $1.57 billion and the 24-hour trading volume amounted to $620 million.
Subscribe to AMBCrypto’s Newsletter