Tron[TRX] touched upon the 10th place in the ranking charts. The market capitalization stood at $2.36billion. Over the past 24 hours, it went up by 12.16 percent in comparison withthe US Dollar. Tron [TRX] performed alot better over the whole of the week, and it went up by 24.42% in the pastseven days.

Earlierin 2019, the price of TRON plummeted due to the rapid improvement ofCardano. However, in the recent marketsurge, Tron re-entered the top 10 rankings. Majority of the community was doubtful about the long-term prospects ofTRON before the current surge. TRON hasbeen reported to be the highest gaining cryptocurrency over the past 24 hours.

Justin Sun, CEO of Tron Foundation, did previously claim that Tron [TRX] will be back in the top 10 cryptocurrency rankings at the beginning of June; however, this has happened a lot before June.

Herecently tweeted: "something amazing is going about TRON."

Amajor announcement about TRON [TRX] and BitTorrent [BTT] was long awaited. Justin Sun broke the ice regarding thematter, and he stated that he would declare the details to the community onJune 01, 2019. He also proclaimed that BTTwould be listed on KuCoin exchange beginning June 2019.

Tron[TRX] is valued at $0.0356. At $1.6billion, the trade volume of TRX has been progressing positively.

Theshort-term trading outlook for TRON is bullish. This is in response to some revelations about the future activity ofTRON by the CEO.

Aninverted heads and shoulders pattern is seen in the 4-hour chart. The current time frame shows that the TRX/USDpair will be able to trade higher during the medium term.

Technicalindicators on the daily charts are pointing to an upside for TRON. There is a robust medium-term buying demandseen for the coin. The current boom ofTRON is up by 16%, and more is expected to happen in the future.

The China’s Center for Information andIndustry Development (CCID) functioning under Xi-Jinping led the Ministry ofIndustry and Information Technology, recently released their updatedpublication of the Global Public Blockchain Technology Assessment Index. About 35 crypto projects were ranked based onfactors like applicability, creativity, and basic technology.

Ethereum has been ranked third in theirlist. Shockingly, Bitcoin was not evenfeatured in the top 10 list of CCID. Theunderlying technology score of TRON was at 95.6. The token had an applicability score of 24.3.