TRON Price Weathers Storm as TRX Gains BitMart Listing and Transactions Soar

TRON (TRX) is set to be listed on the BitMart exchange on December 18th, where it will gain further BTC, ETH and USDT pairings, along with the exchange token, BMX.

TRX weathered the last week’s storm better than most of its competitor altcoins, coming in at almost break even in a period when Stellar (XLM) and the Bitcoin Cash’s (BCH) & (SV) plunged around 20% in value.

Meanwhile, transactions on the TRX blockchain have only continued to climb since last reported. The new daily record of three million transactions is far and beyond the 490,000 and 1.3 million recorded by Bitcoin and Ethereum respectively, and was enough to put TRX on 100 million transactions since mainnet launch just over five months ago.

TRX Listed on BitMart

BitMart boasts over half a million users and is currently processing $135 million worth of trades during this market downturn.

As per today’s tweet by TRON CEO and founder, Justin Sun, TRX will be available to deposit and trade on BitMart starting December 18th:

“#TRON will be listed on @BitMartExchange, a premier global digital asset trading platform in the cryptocurrency market with over 540,000 users worldwide. can deposit and withdraw #TRX on Dec, 18, 2018(SGT+8), trade TRX/BTC, TRX/ETH, TRX/USDT, TRX/BMX on Dec, 18, 2018(SGT+8).”

Right now the BitMart platform is dominated by only a few coins, despite listing over 100 pairs. Over 60% of total trades are split between XRP, EOS, BTC and NEO, with ETH, USDT and BTC gateway pairs.

TRON TRX Transactions

Despite the current state of the crypto market, TRON has continued to record new daily transaction records all throughout the last few months.

Undoubtedly helped by the host of smart-contract based gaming and gambling apps that were recently launched on the blockchain, TRX tx’s have eclipsed many of TRON’s big competitors. According to one TRON enthusiast on twitter who was kind enough to crunch the numbers:

“#TRON broke a historic record in daily transactions on Dec 16: #TRX handled 3 million Txs The highest record daily Txs the Top 5 coins ever processed? #Bitcoin: 490k #Ethereum: 1,34 mln #Ripple: 1,65 mln #Tether: 15k #Stellar: 404k The Balance of Power is Shifting…”

In the 174 days since TRON’s mainnet launch, the blockchain has handled over 100 million transactions, according to yesterday’s tweet from Justin Sun.

TRON Price – TRX/USD

TRX lost 1% of its value over the last seven days, although there was much fluctuation in between. Of the major altcoins, only EOS matched TRON’s resiliency – in stark contrast to recent trends – while coins such as XLM, BCH and BSV all gave up more than 20% of their market value.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Author:
Greg Thomson is a freelance writer who contributes to leading cryptocurrency and blockchain publications like CCN, Hacked, and others.