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Justin Sun, the CEO of TRON, surprised the world by introducing TRON’s testnet. TRON has depended on the ERC20 TRONix token or the Ethereum network all this while. However, TRON’s success story seems to be beginning now as they transfer all their 100 million users to their brand new central system which will be launched in June.

TRON is helping content creators establish a direct network to their customers, making sure that there are no intermediaries. The process will make sure that the user data is protected as well.

Impact of the Testnet

Although the company expected a positive outcome from this new decision that they have made, it looks like TRON is not really meeting such an expected outcome.

The projects market cap has fallen to $900 million as of yesterday. However, this could also be a result of the fall in the overall crypto market. Over the last few days, the market is witnessing a downgrade as most of the prices seem to be going down.

This launch of the Testnet will be very helpful as it gives the project enough data to perform such a transfer. Some predict that although TRON has seen a massive dip earlier this year, there are chances that the price will go up by the month of May.

With this new launch, the company also announces that TRON will make sure to meet its 2018 goals. According to users, the 26-year-old CEO might also be aiming at TRONs potential success as the most substantial Blockchain dApp platform. This new plan regarding the migration will be released within this month.

In a pursuit to meet the expected goal, TRON is also starting a campaign in order to have a global look. This way they will be achieving a global reach and can also get listed in the significant cryptocurrency exchanges. The company expects to be listed on Coinbase as this will help the value to go up a lot more than it is now.

Many investors have been quite critical of TRON’s market impact. Nevertheless, the company is sure to make some difference because they are hoping to get nearly a hundred members in order to make sure there is a smooth operation after Testnet is proved successful. They are also looking to get team members from their partners such as Alibaba.

Since there are many other coins of high-demand, it is not very easy for TRON to make such a massive impact at once. The problems that affect the blockchain technology and digital currency will eventually play a negative role in all the other coins. At this moment even the top coins like Bitcoin is facing a huge crisis.  And so the growth of other coins is likely to be impacted as well

Although the launch of Testnet was a considerable surprise to the digital currency market, this transfer is only a Testnet. The impact of this new move is yet to be witnessed. We will soon know whether TRON will become successful or not. At this moment only predictions can be made.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.

Image courtesy of Trinita via Flickr


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14 Comments

  • Giorgio
    Posted April 4, 2018 4:10 pm 0Likes

    Credo che i grandi nomi che da anni dominano il web non digeriscano bene l’iniziativa di Tron, in quanto toglierebbe a loro gli utili che guadagnano a discapito della gente vendendo dati personali, e chissà cos’altro….
    Chi è stanco di questi abusi probabilmente saprà apprezzare l’iniziativa di Justin Sun , sostenerlo in questa…. quasi lotta… e incentivarlo nello sviluppo del progetto.
    Non sarà facile, ma l’unione fa la forza.

    • Fazzu
      Posted April 4, 2018 6:11 pm 0Likes

      Alibaba has not confirmed any partnership yet.if it does will be great impact on trains value which is highly discounted, few years from today it will be very surprising to see it’s value as of today because it will be ver far greater than today.its like next Amazon.

  • bob loblaw
    Posted April 4, 2018 11:12 pm 0Likes

    is alibaba a tron partner? i don’t think it is.
    you may want to acknowledge that a big factor in the price of tron is the owner of the fat ether wallet (0xb287a379e6caca6732e50b88d23c290aa990a892), which dumps big clumps of trx whenever the price climbs a little. this wallet had around 6b tokens about 2 months ago, and is now down to around 500m.
    there is a public perception that this wallet is controlled by the tron foundation for price manipulation at this stage of the project’s life, which is keeping people away from buying tokens because the price isn’t allowed to mature organically. in turn, it has led to many cashing in and abandoning their buy-ins, which causes the price to be even lower. and the vicious circle turns and turns.
    if it is a tron foundation controlled wallet, i guess on a positive, and this is assuming they don’t have another dumping wallet, those 500m remaining tokens should be exhausted in the next month, so hopefully we will see some proper price movement.
    i believe in this project. i hope i am right.

    • Dean curbishlshley
      Posted April 4, 2018 11:53 pm 0Likes

      If this is true I’m out

    • A
      Posted April 5, 2018 4:34 am 0Likes

      Interesting comment. Thank you for enlightening us.

    • bob loblaw
      Posted April 5, 2018 5:02 am 0Likes

      and that whale wallet is now down to 340m. seems to being mass dumping today. at this rate it will be completely depleted in about 5 or so hours.

      • Ryan
        Posted April 6, 2018 1:45 am 0Likes

        Looks like this wallet is back up to 1.6b TRX tokens. Much larger then 340m…

    • BillyIdol
      Posted April 6, 2018 6:03 pm 0Likes

      This is a great thread of comments, I wish it was on twitter so I could follow it easier
      Article is very informative too, cheers

  • Zachary Brennan
    Posted April 6, 2018 1:12 pm 0Likes

    It was not a surprise. It had been planned for 6 months.

  • trononator1000
    Posted April 9, 2018 12:18 pm 0Likes

    @trononator1000

    Tron will certainly expand however the next item of this cryptos agenda should be to expand its PR.

    Trx seems to have a real issue at the moment with delivery of quality updates via twitter or Periscope.

    Justin team are doing a fantastic job behind the scenes with almost 3000 nodes created since the launch of testnet.

    with this in mind just is already poking Etherium who effectivly helped launch tron to become its own currency.

    The Tron community is one of the strongest within social media boasting 500k on twitter and a huge fan base on Telegram and Periscope.

    Justin recently announced that he has set aside 1 billion dollars for developer rewards.

    with this in mind the trx community would also love to see a few million put aside for PR .

    the team is great , the project is absolutely solid , its leader has all the right knowledge and connections however the PR is an area Justin really needs to invest in .

    trx in my opinion is a long term hold and a solid hold at that .

    4-5 years minimum with a coin value of 3-5 dollars … again this is my opinion id love to see trx prove me otherwise

    @trononator1000

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