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**A lot of things have happened in the world of cryptocurrency over the past 48 hours. Most markets have seen a significant decline, but it also seems things are slowly turning around once again. If the TRON price is any indication, things will certainly get very interesting from here on out. Although the current 71.82% TRON price increase is rather significant, one has to wonder whether or not there is any real value to this project. Moreover, this type of price action may effectively cause an even bigger cryptocurrency market crash.**

**TRON PRICE REBOUNDS STRONGLY**

In a way, it is good to see all cryptocurrencies market rebound to strongly after two very difficult days. More specifically, the entire ecosystem lost close to 60% in value for some unknown reason. Corrections in the cryptocurrency world occur at least once a year, and it mostly happens during the month of January. This year has proven to be no different, and even the TRON price start taking some big hits in the process.

More specifically, the TRON price rose to $0.24 without a real reason and crashed to $0.047 about a day ago. This was considered to be another casualty during the cryptocurrency market onslaught. Others considered this to be a clear indication of how TRON is vastly overhyped and overvalued. There is no right and wrong in this regard, as people are entitled to their own opinions in this regard. Contrary to what people would expect, however, the TRON price has rebounded so strongly, a lot of the losses have been erased in quick succession.

With a strong 71.82% gain in USD value, the TRON price has returned to a value of $0.088. This also represents a 59.7% increase over Bitcoin and a 60.15% increase over Ethereum. All of these signals are very bullish as far as the TRON price is concerned, although cryptocurrency markets will remain unpredictable for quite some time to come. Whether or not this a TRON price pump-and-dump cycle, remains to be seen. The current gains certainly hint at exactly that, but the TRON community will feel very differently.

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Additionally, TRON notes a very strong trading volume of over $1.59bn in the past 24 hours. That in itself is rather interesting, considering the cryptocurrency market onslaught also seemed to diminish the trading volumes of most currencies in the process. With the TRON trading volume returning to big-boy numbers, things may finally turn around once again. If this volume keeps up, we will eventually see the TRON price jump to over $0.15 again.

Most of the TRON trading volume still originates from the Binance exchange, as is to be expected. More specifically, the balance seems to be the go-to place to buy – or pump – TRON, as no other major exchange lists this altcoin at this stage. Coinnext completes the top three ranked by trading volume, even though their price remains excluded from the global average. How all of this will affect the price moving forward, remains to be seen.

As of right now, it is evident TRON has the highest momentum of all cryptocurrencies on the market. At the same time, the way things have evolved for the TRON price over the past 24 hours does indicate there is still plenty of “dumb money” in the cryptocurrency world. Whether or not that will trigger another major cryptocurrency market collapse, remains to be determined. It is certainly possible we are not out of the woods just yet, but things look far less bleak than they did 36 hours ago.

https://themerkle.com/tron-price-rises-above-0-085-again-as-markets-rebound-strongly/