The Tron (TRX) has been low-key for several years. The asset took the sidelines as several new assets were seen making headlines. In a new turn of events, TRX managed to catch the community’s attention. The asset managed to rise by nearly 80% over the past year. The altcoin went from a low of $0.084 to a high of $0.166. Currently, TRX is trading at $0.1506 with a daily drop of 1.11%.
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While its price remained steady, Tron’s market cap slightly dropped. The network was taken over by Cardano (ADA). Cardano has had a noteworthy 12% price spike over the last week. This further propelled it back into the top 10 cryptocurrencies by market capitalization. With a market valuation of $13.45 billion, Cardano now has a higher position than TRON, which is valued at $13.17 billion.
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Tron In September
It is unlikely that TRX will be able to beat Cardano during the rest of the week. According to data from Changelly, TRX will encounter a double-digit drop over the next couple of days. Following a nearly 15% drop, Tron will dip to a low of $0.129627 later this week.
With this negative sentiment in the Tron TRX market, the asset might continue to stay out of the coveted top ten. If Cardano comes across a bearish streak, then TRX might have a chance and get on top. But the Cardano network has been making strides. More recently, the ecosystem revealed that it is moving toward a completely decentralized governance architecture, in which the community will manage ongoing updates and sustainability.
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