Tron (TRX) recently revealed their weekly report dating from June 9 to June 15. This comes just 6 days ahead of the launching of the first Tron blockchain genesis block.
The report shared by Tron Foundation showed attributes such as “work-in-progress” and “work completed”. The report mentioned their community partners, activities and teams, and market transactions, over the week.
Related Article: Tron price rebound just ahead of the token migration
The community activities of it included the first programming competition on June 9 which was completed and the results were announced by June 11. Also, it officially launched the ‘coreTronicss call-up’, involving community members to participate in the ecological construction of global community. Their partners include Sesame Seed, ZADEA, DAG (Digital asset group), Binance, Cobo Wallet and Information Infinity Stones.
Tron Market Performance
April was the bullish month for Tron, as the price increased by 260%. However, since then the price has only gone down. This just experienced slight surge as prices rose above 5.5% over the past 24 hours. The rise in TRX was experienced almost after 30 days when it went down of total 33%. Currently, Tronix, the token behind this is trading at $0.045 per coin and is at number 10 rank in terms of the overall market cap, across the board the market cap is of around $2.98 billion.
The rise has been interestingly noted just before the token migration that is to be taking place from June 21 to June 25. TRX withdrawals will be reportedly suspended from June 21 to June 25. The deposits will also be suspended on June 25.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Beyond Bitcoinx.