Tron is without a doubt one of the largest and most formidable blockchain projects that seem to be making buzz and headlines in the crypto space, again and again. Ever since Tron Foundation launched its priority platform (MainNet), which boasts of having a high throughput and TPS of up to 2,000, the recognition has been obvious.
The last two months have been eventful for Tron (TRX), as the blockchain technology is gradually building itself towards a new decentralized age.
Like the majority of the digital currencies in the market, Tron prices have been exploding in fireworks since Monday 16th. At the time of writing, Tron (TRX) is exchanging at $0.04049, an increase of more than 11% in the last 24 hours, with a market cap of about 2.6 billion US dollars, according to CoinMarketCap.
Tron (TRX) engaged rocked boosters as it made its way through the resistance level at 0.035 US dollars and 0.036 Us dollars. TRX/USD overwhelming bullish run pushed the value above 0.037 US dollars but hit a snag before reaching 0.038 US dollar price level leading to subtle lower corrections.
Tron (TRX) is exchanging at the narrowing edge of the contracting triangle, giving indications that another price surge might be in the works. And when this time comes, TRX/USD could skyrocket attacking immediate upper supply zones of 0.04 US dollar before retracing its steps towards the 0.05 US dollar mark. Yet another exciting Tron news, Tron (TRX) is preparing for another launch.
Tron (TRX) Getting Ready for Another Major Launch
Although talk revolving around Tron’s token migration and mainnet upgrade are yet to settle down, Tron is preparing its users and community members for yet another important launch. The next major launch event for Justin Sun and Tron (TRX) will be the launch of the TVM also known as the Tron Virtual Machine that is specifically designed for the Tron ecosystem.
Countdown of #TVM: 11 days, 20 hours, 59 minutes, 35 seconds #TRON #TRX $TRX
— Justin Sun (@justinsuntron) July 18, 2018
The TVM will support DPoS or Delegated Proof of Stake having the capability to also connect to any development platform. It is scheduled to be compatible with Ethereum’s VM, and smart contracts. The Tron Virtual Machine will allow developers and creators to program and debug in Solidity enabling an easy transition on the platform.
If you go to Tron’s website you will see the launch for the Tron Virtual Machine is scheduled to happen in the next 11 days, bring forth chatter that this might be Tron’s strategy to massive adoption.
Another thing to note here is, TVM is not the only exciting Tron event ahead, the whole crypto community is waiting for a secret Tron project that’s expected to be revealed at the end of this month, too.
Tron Leading in Twitter Mentions
As one of the most prominent social media platforms, Twitter remains as one of the most relevant social tools for communication for blockchain projects and technologies. On the Twitter platform, it has been discovered through a survey done by CoinTrendz, that Tron (TRX) edges out all of its top ten virtual currencies competitors.
#TRX is No.1 in top 10 mentions on Twitter. #TRON $TRX https://t.co/hyK5cn6qaI
— Justin Sun (@justinsuntron) July 16, 2018
Tron is ranked number one as the most mentioned virtual currency in the crypto space with over 3,800 mentions in an hour. Bitcoin comes second with a total of 1,465 mentions in an hour; a margin of over 2,300 mentions separating the two coins.
Tron continues to flex its muscles exerting dominance in the crypto sphere owing to the title of being one of the most active blockchain projects in the industry. It is still hard to predict whether the digital coin will reach the price prediction of $2 before the year ends, but as things stand, it will soon. Tron (TRX) seems to be riding a golden horse currently, we will have to wait and see how things will turn out.
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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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