Tron, founded and lead by one of the most recognizable faces in recent times in the crypto sphere, Justin Sun, has been in the mainstream news ever since its inception.
There could be many reasons supporting this fact, its vision to forge the entire internet network decentralized, the uniqueness in its procedural architecture, ever readiness trait of the foundation and its leader’s energy to look out for the opportunities that could provide TRX community means to excel in their routine business are few which surely stands out.
Launched in September 2017, Tron was introduced in the crypto verse with its token hosted on the Ethereum blockchain with an idea to become the content distribution platform for the digital industry. Sun-led cryptocurrency has now evolved into an utterly different entity and currently stands as one of the most popular cryptocurrencies in the market.
Last year in June, Tron launched its own mainnet (simply put its very own blockchain) with a purpose of migrating its previously circulating tokens in the market to its proprietary Blockchain.
Ever since then, Tron has turned to one of the major players in the crypto mania. Tron’s acquired BitTorrent facilitates its rapidly growing community to share and use content available on the peer-to-peer decentralized platform without a middleman famously dubbed as the Project Atlas.
Although the journey has not always been smooth, Tron has achieved many landmarks up to this point of time. The project quickly changed the opinions of its naysayers who weren’t really impressed with the foundation’s future by considering it a scam when it initially kicked off.
Tron has seen a significant rise in TRX’s price in the past one year which is around 26%. The blockchain has also reached 2 million mainnet accounts mark just at the beginning of this month. The achievement is also worth noting because the time it took is no way near to its close rivals such as Ethereum or EOS.
Another exciting news circulating in the community nowadays is the promising partnership of the two major players Tron and the stable coin Tether (USDT).
Earlier this month, the announcement of the strategic partnership between Tron and Tether brought excitement among the both coins’ communities as the decision is considered to be a game-changing one for both companies and their respective communities. As per experts, the migration of Tether’s token onto the Tron’s Blockchain (TRC-20) will strengthen both coin and the companies significantly.
Tron token’s price is struggling at the moment (alongside the rest of the crypto market), as it was as high as $0.026 during the second half of January this year, and now (at pressing time) is available for trade at $0.023 in the market.
Still, many observers believe in the crypto space that once the implementation plan for migrating Tether (USDT) on to the Tron blockchain gets launched during the early Q2 of 2019, Tron’s price would rapidly flourish to the $0.05 mark and even higher according to some analysts.
So, if you are a Tron enthusiast, as things look, you do not need to worry much and remember one thing; patience is the key.
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Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.