Tron's performance of Q3 can tell investors this about TRX's Q4 price trajectory 

With the recent general market price rally, Tron TRX traded at a five-day high of $0.06382 on 5 November as per data from CoinMarketCap. The cryptocurrency stood at rank #15 by market capitalization.

Timeline of Tron

TRON network recently released its latest weekly update, one that you might want to look into especially if you are a TRX trader/investor. In fact, some argue that these developments might influence the demand for TRX going forward.

Tron, a decentralized, open-source blockchain-based operating system with smart contract functionality, recently released its monthly report for the month of October. There, the company behind the cryptocurrency TRX highlighted some of the developments that gave its ever-supportive community plenty of reasons to celebrate.

Tron [TRX] recently released its October's monthly report, wherein it mentioned all the notable developments of the ecosystem in the last 30 days. Looking at the report suggested that Tron witnessed quite a few heated moments in October, as several developments gave hope for brighter days to come.

Blockchains have often been compared to each other for how fast they can process a transaction, as it is a factor that helps in understanding the capabilities of a blockchain. Tron [TRX] recently topped the list of blockchains in terms of transaction speed.

As per a tweet shared by Wu Blockchain, Justin Tron may soon initiate mass layoffs in his newly acquired exchange Huobi. Wu further shared how Huobi's CEO and CFO have already submitted their resignations to Justin Tron.

A major update came in for Tron (TRX) recently as Binance, one of the world's largest crypto-exchanges, announced that it would support TRX staking on its platform from 27 October. Thanks to this update, users can not only stake, but also earn up to 6.1% annual percentage yield at launch.

TRX investors might be growing more accustomed to lackluster performance as has been the case in the last few days. Nevertheless, the Tron blockchain continues to demonstrate strong pursuit for growth and expansion.

Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica. The 16th largest cryptocurrency in terms of market capitalization successfully replicated Bitcoin's feat when it became a legally accepted tender within the territories of El Salvador.

Tron [TRX], the cryptocurrency currently ranked 14th in terms of market cap, was in the news recently for its collaboration with the Dominican government. Capitalizing on the hype, the number of accounts on the Tron network continued to grow.

The cryptocurrency market cap saw net outflows of $9.1 billion since the last wMarket report. The post CryptoSlate Daily wMarket Update – Oct. 20: TRON leads top 10 in continued sluggish market appeared first on CryptoSlate.