Regarding developments, we can all agree that TRON (TRX) is by far one of the most outstanding cryptocurrencies in the market. In fact, this year only the coin has seen some of the most significant updates such as the launch of its main net, the migration of their tokens, the creation of the Super Representative Elections, the long-desired purchase of BitTorrent, the launch of the TRON virtual Machine, the recent project Atlas, and so many others.
And that all without even keeping to account the numerous partnerships that the company established with several organizations from all around the world.
In this sense, what we all were waiting was that the coin had a skyrocket at any point and would land in a fresh and renovated position in the charts.
However, the reality has been entirely the opposite as the token passed from being a top-ten coin to now being placed in the 13th position of the lists, a situation that has had many of us feeling anxious and concerned.
So we‘ve been all wondering when the token price will reflect all of the hard work that is being put into the blockchain, or in other words, is it really going to happen that the coin matches the efforts of the company? Well, we have reasons to believe that the fourth quarter may be the time for the cryptocurrency, let’s see the main details.
Q4 and Tron (TRX)
At the time of writing TRON (TRX) has a value of 0.02263 dollars, and has decreased 3.70 percent in the last 24 hours according to coinmarketcap.
Nonetheless, as it seems, things are about to change in the coming quarter as Justin Sun is working tirelessly to increase the awareness and adoption of the coin, a move that logically, will have a repercussion as well in the price of the TRX token. The panorama appears to be good looking in the fourth quarter, and the main reasons for that are the following:
- Social media sentiment: When it comes to interacting with its community TRON has shown the best strategies to keep its followers really close. In this sense, every day the CEO of the company shares each and every one of the steps the company is about to make, and this has created a generalized positive sentiment among its enthusiasts.
- Blockchain features: Ever since TRON’s blockchain was launched the platform has been increasing its functionalities with the most exceptional features in the sector. In fact, every day the network grows concerning particular characteristics, a fact that at large, will help the token to gain mass adoption.
- Partnerships: TRON has never stopped building relationships with the market, and this has been a crucial piece of the puzzle that is on the making for the company. Several organizations from all around the globe support TRON right now, including famous exchanges and wallets that have helped the platform to migrate their tokens.
- Justin Sun’s commitment: Even though it’s only a matter of promises, we all know Justin Sun is a committed businessman that is willing to work hard in order to succeed in the industry, and he has said recently he’s committed to giving more recognition and value to the TRX token, so we can all wait for that.
- Dapp approach: Another important fact is that TRON has been gaining more adoption form decentralized applications, and he has even invited Dapps developers today to join Tron network and stop using Ethereum. Seeing the comparisons he made with Ethereum for developers, it looks more Decentralized applications coders might turn to Tron, which indeed might TRX value.
As always, we all need to agree to the fact that TRON has definitely all the tools to become the next big crypto in the market, and even further, TRON has all the necessary weapons to fulfill its mission of decentralizing the internet.
However, would this translate as in the value of the coin? Well, we all wait for that. In the meantime let us all note that the company is making the most significant efforts. So stay tuned, Q4 may be the time for a Tron (TRX) price increase.
For the latest cryptocurrency news, join our Telegram!
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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Photo by Fausto García on Unsplash
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!