Tron managed to process a single historical record of more than 1.8 million transactions according to the press release. This significant event provides a sample of the growth achieved by the blockchain and the confidence shown by the users of this platform, which is something important to take into account since the decrease seen in the Ethereum.
Blokt mentions that Tron’s performance has enough merits to be recognized as an ideal blockchain bearing a lot of potential and an excellent perception by the public. Tron’s growth can help boosting up the work of other projects that may be afraid of being left behind:
“TRON CONTINUED TO PILE THE PRESSURE ON COMPETITORS AFTER MAKING A NEW RECORD OF ITS TRANSACTION NUMBER WHICH REACHED 1.84 MILLION, NEARLY TRIPLING ETHEREUM’S TRANSACTION NUMBER SITTING AT 670,000. AFTER NOV. 10TH, TRON MARKED A NEW MILESTONE AFTER SINGLE-DAY TRANSACTION NUMBER OVER THE WHOLE NETWORK REACHED 1.36 MILLION, SURPASSING ETHEREUM’S HIGHEST FIGURE OF 1.34 MILLION REACHED DURING THE BULL MARKET.”
The conflict between TRX and ETH has been continuing for some time in the cryptocurrency community. When Vitalik mentioned that Justin was just another money-motivated Shiller on Twitter, Justin responded by mocking Ethereum’s poor performance compared to its blockchain.
It is also important to note that Mr. Sun commented that TRON will significantly grow. This prediction is somewhat hard to be followed due to not only the bearish behavior of the cryptocurrencies had, but also because of the incidents such as the hash war caused by the fork of bitcoin cash. This decreased the market not only in prices but also in use and number of developments.
How did Tron achieved this? We can look at the news from the first quarter of 2018 below to see how Tron was prepping up for its increase in market value:
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Tron Price Prediction: Can Tron rise significantly before the launch of Mainnet – TRON (TRX) News Today
Tron is currently ranked at the 9th position according to market cap. The market cap is around $ 5 billion. However, in the end of May, Tron is going to launch the Tron TVM. It will be entirely compatible with Ethereum EVM. This is actually a pretty big announcement. Moreover, by the end of May that as on 31st May, it will be launching the Tron Mainnet. As a result, the capacity of Tron to handle the transactions will be 100 times that of the Ethereum network. As a result, proper scalability will be achieved as well.
The network will be tested from June 1 to June 24
The network will be tested from June 1 to June 24. Thereafter, it will be launched on June 26. That is why, with so much of testing going on, the network launch is slated to be a huge success. Also, these developments are bringing in more and more attention to Tron. If indeed, the network testing is perfect, the value of Tron will increase significantly. This is one of the main reasons why people are thinking of investing in Tron currently. You need to understand that if indeed, Tron mainnet is brought to mainstream, you can be sure that the value of Tron will rise by at least 20% to 30%. You have to keep this factor in mind and thereafter only you have to think about investing in Tron.
It will be dependent on the testing of the Mainnet
You need to also understand that a lot will be dependent on the testing of the Mainnet. If the testing goes fine and if the rollout of the network is perfect, it will be easier for Tron to increase significantly as well. Many experts even believe that if the network testing is fine and the rollout is perfect, it can propel within a year as well. This is one of the main reasons why Tron might be on the verge of the breakout.
Catch Tron at the bottom levels
While investing, you have to 1st look at the charts of Tron. If they also indicate upcoming momentum, it will be easier for you to make a decision about investing. Otherwise, it will be a good idea to wait for a certain period of time before investing so that you are able to catch Tron at the bottom levels and not at the higher levels. All in all, you have to also ensure that it holds only limited value in your entire portfolio. Tags:
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