TRON (TRX) – The creator of TRON (TRX), Justin Sun is a global business prodigy who is strongly associated with the Chinese billionaire Jack Ma. He recently wrote a letter to the TRON community in which he explains to the HODLers in the market that TRON is set up to reach the #6 spot in market capitalization sometime in the very near future. We have seen TRON (TRX) reach this level once before, but Sun insists that when it gets to that position, it will permanently hold it.
“Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018 during TRON’s astounding sprint out the gate. In 2018, we will reclaim and secure this title, which will mark TRON’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum.”
Justin is in the unique position to prove the potential of his product on a global scale. Not only is TRON (TRX) an extraordinary platform, but because of Sun’s marketing, the cryptocurrency token designed for decentralized content creation, has quickly become a household name in the cryptocurrency community.
TRON (TRX) – Ethereal Airdrop
Airdrops have become a very popular thing in the cryptocurrency industry as holders of specific coins continue to get rewarded simply for having a certain coin. For example, the TRON team, recently completed a 30 million TRX airdrop to the Ethereum community, setting another huge milestone. It seems like every other day there is more good news being revealed on TRON (TRX).
With the team preparing to ditch the Ethereum network in the future, the time was right to conduct an official airdrop. More specifically, a total of 30 million TRX were sent out to Ethereum holders with at least 1 ETH in their wallet at the time of the airdrop. As such, one would expect there to be more Tron holders by now, even though the tokens were distributed to ‘just’ 602,881 addresses.
TRON (TRX) Main Net Launch
The Tron (TRX) Main Net launch is less than three weeks away (set to launch on May 31st) and with the TRX currency in the top 10, each move up will signify a significant change in the cryptocurrency structure. Being the youngest and newest coin out of the ten, TRON (TRX) show signs of promise, as the team behind the platform is credible and sets out to improve the network continuously.
The official announcement outlines several improvements to the TRON platform that puts it at an advantage over competitors like Ethereum:
- High-availability and asynchronous snapshot and reply functionalities
- Optimization of dozens of core parameters through binary exponential backoff (BEB) algorithms
- Normal distribution of resource usage throughout the blockchain
Tron’s JAVA-based, developer friendly, environment will allow it to be easy to break away from the Ethereum network and “its low-efficiency, congestion-prone network, high fees, and steep learning curve,” as Justin Sun referred to it. A new cryptocurrency stage, focused on scaling and commercialization, will manifest, proving the next generation infrastructure and express lanes needed for global dAPP development.
Earlier this year, the project launched its testnet to bring out their technology to the masses. This led investors to believe another bull run was just around the corner, when in reality the current trading price of $.08 is exponentially up from the initial ICO price of TRX and already holds gains for anyone who bought under $.08. Developments on this scale always take some time, but in the end generate a lot of initial interest.
With the mainnet launching May 31st, TRON (TRX) can move away from the Ethereum blockchain, which currently hosts its TRX token. Initially introduced as an ERC20 token, the token created a convenient initial coin offering some time ago – but now that main net is just around the corner, TRON (TRX) will run on Exodus. Exodus is the name given to the transition of TRON from the ethereum network onto their own platform. The original launch on March 31st was not exactly what investors were hoping for, but given that it was the first attempt, nothing was set in stone as to whether or not things would go well. We can expect that once the mainnet of Exodus is in effect, we can see the price of TRON (TRX) reach new highs. When all is said and done, TRON’s (TRX) price could realistically explode and reach levels of over $1. Lets not forget that TRON (TRX) reached $.30 with barely any news of advancements and developments like we have now.
With a dedicated CEO and team, we can expect a successful run this season. As Q2 begins, we see the market slowly reversing from consolidation. While nothing is for certain, it has become obvious that TRON (TRX) is most definitely one of the more advanced cryptocurrencies on the market.