Top cryptocurrency prices today: Bitcoin, Ethereum, Polkadot, Avalanche drop up to 9%

Tron (TRX) is the native and governance token of the Tron network - a decentralized operating system that lets developers create dApps using smart contracts.

TRX remains one of the few cryptocurrencies that have performed well recently despite the bear market.

However, the movement in the crypto market has been range-bound over the last few days.

The digital tokens are wobbling as investors wrestle over attractive pricing and rising inflationary worries, coupled with looming fears of economic slowdown.

A majority of tokens were trading sharply lower on Tuesday. Avalanche tanked another 9 per cent, whereas Polkadot and Ethereum plunged 7 per cent each. 

Bitcoin slipped 6 per cent. Meme tokens Dogecoin and Shiba Inu fell 5 per cent each.