• Written by: Danielle du Toit
  • Tue, 24 May 2022
  •   United States

According to data from CoinMarketCap, TRON (TRX) currently overtakes Shiba Inu (SHIB) in terms of market capitalization. TRON also seems ...Read More...

TRON Overtakes Shiba Inu in Terms Of Market Capitalization

  • According to data from CoinMarketCap, TRON (TRX) currently overtakes Shiba Inu (SHIB) in terms of market capitalization.
  • TRON also seems to be gaining momentum following the launch of its algorithmic stablecoin.
  • TRON’s Total Value Locked has increased by 22.37% in the last 24 hours.

According to data from CoinMarketCap, TRON (TRX) currently overtakes Shiba Inu (SHIB) in terms of market capitalization. TRX is currently ranked in the 14th position with a market valuation of about $4.7 billion, just ahead of SHIB with its own valuation of $6.38 billion.

TRON also seems to be gaining momentum following the launch of its algorithmic stablecoin, USDD. The stablecoin runs on a similar algorithm to Terra’s USD. USDD is already amongst the top 100 cryptocurrencies by market capitalization, just half a month after its launch.

Currently, the TRON ecosystem consists of stablecoins USDT, USDJ, TUSD, USDC and USDD, forming a very solid foundation for its ecosystem.

TRON DAO also stated ...