TRX has been added to one of the most active cryptocurrency exchanges, KuCoin, according to the latest Tron TRX news. Tron (TRX) will start trading on the exchange starting August 28, sparking a fresh ray of hope for a price recovery. Justin Sun, CEO of TRON, tweeted that the launch of Tron (TRX) is imminent and that TRX/BTC and TRX/ETH pairs will be available from August 28 itself.
After getting listed on a series of smaller crypto exchanges, TRX got listed on KuCoin. One of the main reasons behind this delayed listing on the KuCoin exchange is the protracted launch of the mainnet. This apparently posed technical difficulties for exchanges.
This Tron TRX listing news on the KuCoin exchange comes just days ahead of the Tron Virtual Machine (TVM) launch. A price recovery has not yet been materialized as per expectations for TRX. One of the main reasons for this is that TRX trades against other crypto assets. Also, the price of TRX is defined by that of Bitcoin and possibly Ethereum.
On the basis of data gathered from CryptoCompare, the weight of Tether (USDT) trading for TRX is also significant. It amounts to about 45 percent of all volumes. Yet, the dollar price of TRX is largely dependent on BTC positions.
As per the Cryptovest report, TRX reached lows at around $0.19 before starting its ongoing price recovery. The TRON project will have to prove its technical strength as well as the strength of its community, for the price recovery to continue.
As per the Tron TRX news, after the mainnet launch and token swap, the TRX digital asset has become easier to move around. The TRON team described the new wallet features, including multiple accounts, along with the option to input contact names, instead of using addresses, in a recent blog post.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]