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Tron [TRX] Outpaces the Crypto market, Beats Ethereum by 489%

The 8th largest cryptocurrency Tron is already making a lot of progress in 2019. Not only it was the only cryptocurrency with positive Sharpe ratio among the top cryptos but has been working on leaving Ethereum behind.

Already Ahead in 2019

Currently at the 8th position with a market cap of $1.7 billion as per Coinmarketcap, Tron has already got the numbers in its favor right at the start of 2019. In the first month, Tron made a lot of impacts as it briefly went to 7th position in the bear market.

In the ongoing crypto winter, Tron price saw a lot of green at from $0.013 in mid-December 2017, by December end, it has reached to $0.023. On January 10th, Tron price was $0.034 and by month end, it has been trading around $0.30.

Tron price chart, Source: Coinmarketcap

According to the Long Hash’s weekly report, the Sharpe Ratio (a way to examine the performance of investment by adjusting for its risk, as per Wikipedia), of Tron has been the only positive one.

Source: Long Hash


Read Full Story : Coingape

2019-02-03 14:10:55

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