TRON blew up trading charts this week on Koinex, one of India’s top cryptocurrency exchanges. Justin Sun, founder of TRX tweeted about the volume uptick yesterday.
— Justin Sun (@justinsuntron) March 25, 2018
TRON’s trading volume has surged because of the Test Net launch countdown and, despite yesterday’s loss, is up 89% above last week’s price. The token is the highest volume trading token on Koiex currently. Market analysts and members of the TRX community have been making bullish claims through the week. Some long term holders of the token believe the coin’s price will soon reach $1. Along with Koinex, the token has surged on Upbit, Huobi, and Binance as well.
Binance’s move to Europe is also having an effect on TRON’s trade volume. The prime minister of Malta said in a tweet,
“Welcome to Malta Binance. We aim to be the global trailblazers in the regulation of blockchain-based businesses.” – Joseph Muscat