Legit Reasons to Why Tron (TRX) is Growing in a Bear Market with New Additions & Increasing Numbers?

While the cryptocurrency market has been bleeding red these past two days, Tron has been adding more trading platforms to its name along with growing blockchain activity.

According to TronScan data, Tron block height has surpassed 8.7 million while total accounts have exceeded 2.6 million on April 26. Tron has also outdone its competitor Ethereum, that has reached over 7.6 million.

In reference to this growth, Tron Foundation took to Twitter to state,

“TRON ecosystem has developed rapidly and continues to make efforts to build the decentralized internet.”

Tron Dapp Status: Additions & Exit

In the Dapp ecosystem, Tron registered a gradual growth as its number of smart contracts reached 779. From last week, Tron also reported an increase of about 10,000 in its daily active users that took its total count to 50,000. 4 new games also went online this week while 24 hours transactions noted a 10 percent rise versus last week.

Among its existing Dapps, Tron highlighted three of its dapps viz. Smart Town, Stake Them All, and TradeHome in the user experience report. TradeHome is a decentralized exchange based on the Tron ecosystem that has a low threshold for the token listing while supporting fast trading pair listing.

Smart Town is a 3D shooting game that requires players to spend TRX within the game to start the game, move and to attack enemies while Stake Them All allows users to win TRX rewards as per the difficulty levels.

However, not all’s good as a Tron gambling dapp called DooTron seemed to have made an exit scam as alleged by the community. Just like most of the Tron casinos and many of EOS-based ones do, players earn a casino-centric token for every bet they place.

Just before its disappearance, DooTron launched its second game shoot and another token. A total of more than 59 million DOO were mined over the casino’s life that currently has 1204 holders. Out of these 12 million are frozen while SHOOT, being newer has just over 1.4 million frozen.

Both the tokens were delisted from one of the few exchanges they are listed on. Kiwidex.io stated that it will release DOO / TRX, SHOOT/TRX transaction pair as

“DooTron has encountered operational-related investigations, it will stop all social media, websites and other activities.”

Tron’s Addition On Bitpanda And Huobi DM

The derivatives market for Singapore-based Hubi exchange, Hoobi DM has announced the addition of TRX on its platform. With this new listing, traders will be able to long and short TRX asset. Per exchange's rollout, 1 million TRX will be given to the registered traders and a 100% maker fee rebate on TRX contracts.

“The addition of TRON is another big step towards our goal of making Huobi DM the most powerful and flexible platform of its kind. “We look forward to adding even more coin types over the course of this year,” said Huobi CEO, Ross Zhang.

By winning a poll with 44 percent votes that included BAT, Dogecoin, and Golem as well, now TRX will be listed on Europe’s leading crypto exchange that will begin TRX trading on May 2.

Meanwhile, on the price front, TRX has been trading at $0.0237 with 24-hours gains of 3.10 percent at the time of writing, as per Coinmarketcap.

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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