As we see, the mention of TRON (TRX) has recently become more in the media. This is one of those cryptocurrencies that have a large number of fans and at the same time hayters. In addition, TRX is an endless stream of messages from an active twitter, Justin Sun, founder of the TRON Foundation, which disconcerts the community of socially active crypto investors. As the crypto market gradually recovers, TRX takes off to the moon, which we see with a 15 percent increase over the last day.
According to CoinMarketCap, TRON trades around $0.082 at the moment. Over the past 30 days, TRX gained 60% growth and doesn’t slow down today. For comparison, Bitcoin lost almost 5% over the same period, and the Etherium only slightly increased. The volume of daily trade increased by more than 220% from $228 million to $744 million, which is a very positive indicator for TRX fans.
On May 31, there will be a major event that gathers all the attention to TRON and their development teams. TRON will be separated from the Ethereum network and go alone. On the eve of launching its own network, TRON will use the TronVM (Tron Virtual Machine), which will launch on May 25, to ensure full compatibility with the Ethereum VM. The system will allow DApp, a multifunctional wallet, built into Ethereum to easily switch to TRON.
There is a lot of hype about starting TRON MainNet, which can potentially provide millions of new users.
— Justin Sun (@justinsuntron) May 20, 2018
From June 1 to June 24 there will be a testing period for MainNet in preparation for the block of genesis on June 25 and super-representative elections the next day. The founders of TRON are preparing ways to encourage Ethereum developers to the TRON network, and the latter is a reward program.
The market capitalization of TRON has increased by almost a billion dollars in just 24 hours, outstripping all other altcoins around it. TRX capitalization was 4.6 billion US dollars yesterday, and today it’s more than $5.4 billion, which moved the token to 9th place in the ranking, ahead of IOTA. The next target is the eighth, where Stellar is now with a little more than $6 billion market capitalization, but Sun plans to take 6th place and go higher this year.
“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 outstanding 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.”
Will this justify waiting for the growth of the moon in this cryptocurrency after the start of MainNet and TronVM, and whether the optimistic plans of Justin Sun will come true, will soon be seen. According to our forecasts, TRON will be the top 3 cryptocurrencies for investing in 2018.