Despite an ongoing campaign from Tron (TRX) founder Justin Sun to hype an upcoming upgrade of his blockchain platform, TRX failed at gaining traction on Saturday, and continued trading largely in line with the broader crypto market over the weekend.
At pixel time (11:51 UTC), TRX, ranked 18th by market capitalization on coinpaprika.com, trades at USD 0.0144 and is down by more than 4% in a day after it was hit by a wave of selling on Sunday, along with the rest of the market. The total crypto market capitalization dropped by 3.6% today. Over the past 7 days, TRX is down by almost 5%, trimming its monthly gains to less than 3%. TRX lost more than half of its value in a year.
TRX price chart:
The latest round of attention for Tron started this past Saturday when Justin Sun announced on Twitter that “TRON 4.0 is coming!” while mentioning “Privacy, blockchain interoperability, high scalability, and enterprise applications” as cornerstones of the new upgrade, and leaving decentralization aside.
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