Tron becomes sixth most popular altcoin

The movers and shakers of the altcoin world certainly do move fast. The top ten cryptocurrencies by market capacity shifts on an almost hourly basis with new contenders rapidly ascending the charts. The year has started well for cryptos and some altcoins are showing an early lead. Tron is one of them.

Tronix has firmly taken 6th spot on the capacity charts, usurping Nem, Stella, and Litecoin. Its market capacity at the time of writing stands at $18 billion. The 24-hour trade volume has been a staggering $5 billion which is immense for a relatively new altcoin. TRX is currently trading at an all-time high of $0.28 rising in an almost exponential curve from $0.003 at the beginning of the month. This represents an increase of almost 7000% in a month.

Tron has recently partnered with oBike, an Asian bike sharing company, and Game.com, a leading online gaming platform. The collaboration intends to launch a similar game to CryptoKitties which clogged up the Ethereum network during the peak of its frenzy last year.

Tronix is a blockchain based protocol for monetizing the digital entertainment industry. It is traded heavily on Binance which has almost 90% of the total volume. There is a current supply of 100 billion TRX with 65 billion in circulation, according to Coinmarketcap.com TRX is up 140% in the past 24 hours.

Traders and investors are poised for new partnership announcements which are likely to send the price of Tron even higher.