Tron [TRX], Ethereum [ETH] soar above 10% each; bull visit pays off

As the cryptocurrency market rolls in joys of green and celebrates the homecoming of the bull, altcoins like Tron [TRX] and Ethereum [ETH] are seen rejoicing the most. The two coins have seen their price hike by a large scale since the beginning of this week.
At the start of the 7-day cycle, Tron was trading at a depreciated price of $0.013 with a market cap of $867.1 million. Till mid-week, the TRX token kept to a stable pace, moving in sideways motion. However, the coin saw its first upturn when its value appreciated to a bullish price of $0.0145 where its market cap reached over $969 million.
TRX 7-day price chart | Source: CoinMarketCap
The cryptocurrency did not hit the pause button post this upturn, it took a higher hike by trading at $0.0163 and jumping further up to a bullish price of $0.0175. The week-peak of the cryptocurrency was seen at a figure of $0.0185 with a market cap of $1.23 billion. In just a week’s time, the market cap of Tron gained an add-on of more than $250 million.
At the time of writing, Tron was trading at $0.0179 with a market cap of $1.19 billion. The total trade volume in the past 24 hours was recorded to be $166.5 million and has surged by over 11% in the past 24 hours.
On the other hand, Ethereum has behaved in a similar way throughout the week, with the prices moving sideways till mid-week and then rose up to address the bullish presence in the market.
At the beginning of the week, ETH was trading at a low price of $86 where its market cap was around $8.9 billion. However, the coin made a remarkable progress when it broke out above the $100 mark as the week approached the end.
Ethereum was trading at $114.28 with a market cap of $11.84 billion. The cryptocurrency has a trading volume of $3.19 billion and has seen a rise of over 10% in the past 24 hours.
Ethereum 7 day chart | Source: CoinMarketCap
At the peak of its glory across the 7-day cycle, Ethereum achieved a higher high of $118 with a market cap of $12.35 billion. However, this was still not enough to reclaim its second spot from XRP that overtook Ethereum’s spot early in November.
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Source: AMB Crypto