TRON (TRX) Dethrones DOT and LTC in Market Capitalization

• TRON dethrones dot and LTC in market capitalization.
• TRON currently stands holds rank twelve in terms of market capitalization.
• TRX, DOT, and LTC are down by 81.95%, 92%, and 83.9%, respectively, from their all-time highs.

TRON is setting new milestones amidst the chaotic market conditions. As per the latest data from CoinMarketCap, TRON (TRX) has surpassed Polkadot (DOT) and Litecoin (LTC) in terms of market capitalization.

TRX currently ranks twelve in terms of market capitalization, followed by Polkadot and Litecoin. The current market cap of TRX stands at $4,986,348.71, followed by Polkadot, which stands at $4,985,911,384; and Litecoin at $4,783,800,337.

TRON and Polkadot are fighting head-to-head for position twelve. However, Polkadot is just lacking a few hundred thousand dollars in the market cap before it can take back its position from TRON.

Data from CoinMarketCap reveals that there has been a rise in the market cap of TRON by 0.87% in the last 24 hours. This reason, combined with the drops in the market caps of DOT and LTC by 0.33% and 1.63%, could be the main reason for the takeover of TRON.

TRON is trading at $0.0542 at press time, with a 0.88% gain in the last 24 hours. Polkadot is trading at $4.33 with a 0.37% drop, and Litecoin is trading at $66.56 with a 1.6% drop in value over the last 24 hours. Litecoin’s trading volume has also dropped significantly over the last 24 hours, by 21%.

TRX, DOT, and LTC are down by 81.95%, 92%, and 83.9%, respectively, from their all-time highs. The entire global cryptocurrency market has been gravely affected by the recent slew of events, including the fall of Terra and the cryptocurrency behemoth FTX.