On March 31, we had presented a detailed review of Tron (TRX), following the successful launch of its testnet. Tron’s founder Justin Sun had also announced that the mainnet will be launched by the end of May, instead of July. Still, the token dropped 36% to decline to a low of about 0.027 in the past three days.
However, as of writing this article, Tron had risen by about 50% to trade at $0.05 or 680 Satoshis.
In addition to the advantage which Tron holds against other cryptocurrencies, particularly in the field of gambling and entertainment, a tweet by Justin Sun announcing a rapid rise in the number nodes in the past 48 hour period has triggered a rally.
Tron is currently depending on the ERC20 TRONIx token or the Ethereum network as of no. A migration to mainnet means Tron will have 100 million customers straight away. Tron enables content creators to generate revenue, while avoiding middle men. The content is also protected by the blockchain network. The company is confident of achieving its 2018 goals, making it the most attractive dApp platform for developers.
It took #TRON just two days to go from 126 to 253 nodes in 5 continents! China is currently at the top w 91 nodes. US, Mexico, Spain, Turkey, and others are doing great! Welcome to testnet! #TRX $TRX pic.twitter.com/ADOuU0CxmZ
— Justin Sun (@justinsuntron) April 4, 2018
Earlier this week, Coinflip, which allows purchasing Bitcoin, Litecoin, and Ethereum through its network of 57 ATMs in the US, added Tron to its list. The company is also expecting to get listed in Coinbase soon.
As we approach the date of mainnet launch, a further appreciation can be expected in the price of Tron (TRX).