With the long expected and much hyped Tron Main Net being launched magnificently by the CEO himself, Justin Sun, several days ago, many TRX holders are growing impatient with the digital coin’s dismal price performance. In the lead up to the Main Net launch, the Tron community kept hope alive, predicting the cryptocurrency’s price was going to improve immediately after the launch.
Unfortunately, this is yet to happen; the prices are still in the red zone (if you talk about last seven days collectively). At the moment, the new Main Net, Odyssey 2.0, is still in its initial stage with testing for bugs and any code errors taking the largest share of attention. As a result of this, the bug bounty for anyone who successfully locates and reports a major bug in the system was recently raised to a whopping $100,000 payout.
This is mostly in a bid to strengthen the system from any future attacks or failures by detecting any vulnerabilities before the system goes completely mainstream.
So, what’s Tron’s performance now?
At present, Tron is being valued at $0.058, a 3.38% decline in last seven days.
In general, Tron like other cryptocurrencies in the market experienced a turbulent ride ever since the beginning of the year’ not just Tron (TRX), a lot of virtual currencies are trying everything possible to ensure their value rises (some are starting to recover, too). Tron is leading the pack in ensuring its currency succeeds with many enthusiasts predicting a bull run to happen before the end of second quarter of this year.
However, Tron has been experiencing a bad run of late contributing to it being undervalued to the $0.060 extent. The poor market conditions that have choked the life out of the market has also not made the situation any better for the promising virtual currency.
We must agree, the new Main Net is still in its initial stages so to speak, and therefore, traders are bound to be a little cautious. Therefore, the current market value of Tron (TRX) should not be seen as a representative of Tron’s overall potential; TRX will come back from this depreciation strongly and will start to appreciate again before the end of second quarter. Some of the reasons that might propel a Tron breakout include:
While cryptocurrency popularity is growing as a financial tool that levies low transaction costs on settlements, Tron is taking the lead in this area ahead of the other major cryptocurrencies.
On account of transaction speed, Tron posses the capability to execute approximately 2000 transactions per second, while other currencies like Ethereum lag behind with 25 TRS. A figure that cannot stand Tron’s efficiency.
Number of DApp Users
According to a tweet by Justin Sun, Tron has approximately 100 million dApp users, and it intends to grow the number even further by the third quarter of the year making Tron a heavyweight champion.
Tron’s high level of sophistication puts it in a good place for the altcoin to experience a price surge in the coming months. Its scalability level is even higher than Ethereum which is the second largest cryptocurrency by capitalization.
Justin is arguably one of the few cryptocurrency founders who is committed and driven to market their coins. His enthusiasm and contribution are key in making and shaping Tron’s future.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
3 Cryptos To Blow Up In The Next Bull Run
It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.
However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.
Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.
Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…
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