The cryptocurrency market has been reporting several position swaps recently, and at the time of press, Tron [TRX], that was the tenth-largest coin on the CoinMarketCap list, has been promoted to the ninth position. The coin overtook Bitcoin SV [BSV] and is still reporting gradual growth.
At the time of press, TRX was valued at $0.0233, with a market cap of $1.557 billion, while BSV, the coin it overtook, was valued at $88.41, with a market cap of $1.551 billion.
Tron registered a 24-hour trade volume of $133 million with a growth of 2.01% over the past day. The coin has registered an overall growth of 20.24% over the past week and is still growing by 0.75%.
TRX was largely traded on Bit-z. It registered a trading volume of $24 million on the TRX/BTC pair. The exchange was followed by Binance on the second position, which recorded a trading volume of $16 million on the TRX/USDT pair. Huobi took the third position with a trading volume of $11 million on the TRX/USDT pair.
BSV reported a 24-hour trade volume of $57 million with a growth of 0.17% over 24 hours. The coin registered a minimal growth of 1.98% over the past week and instead of a massive slip, is seen to be recovering by 0.01%.
The coin registered a maximum trading volume of $7 million on Binance on the BCHSV/USDT pair. Binance was followed by Bitmart on the second and third position with a trading volume of $6 and $5 million respectively on the BSV/BTC and BSV/USDT pairs.
Justin Sun, the founder and Chief Executive Officer [CEO], had already announced about this happening in the day on Twitter and took a dig at Craig Wright, the famous proponent of BSV.
Tron had been performing well since the past few weeks and has emerged as a winner in the bleeding market many a time. The slip of BSV to the ninth position is an added benefit for Tron and since then, this swap was highly anticipated.