Is Tron (TRX) Underrated? Top Reasons Why Justin Sun’s Crypto Project is Poise for a Bull Run
Tron Is Underrated? Here Are Some Reasons Why It Should Not Be!
Blockchain-based operating system, Tron – also known for being vocal about decentralizing the web – has achieved several milestones to date. Whether it implies adding new features or establishing partnerships, the overall Tron project and its CEO, Justin Sun make up the majority of headlines in 2018 thus far! If this is the case, why is the support for Tron very lagging? Does it make sense for such a growing project to be so underrated? Here are some reasons why Tron is likely to succeed:
Tron MainNet Launch
Tron that was once established on the Ethereum network has officially migrated to one of its own. The reason for the MainNet was supposedly to address two key problems that many have associated with the giant, Bitcoin, which are high trading costs and the scalability issue. With Tron’s network, fees are as low as 0.00001 TRX, which is nothing compared to BTC’s approximate, USD$4 to USD$6. Second, the network has the ability to process nearly 1,000 transactions per second, which is a great deal compared to bitcoin’s 5 to 7 per second.
Acquisition Of BitTorrent And Blockchain.Org
Operator of torrent client (uTorrent), BitTorrent Inc., has since been acquired by Justin Sun. The reason for the acquisition decision, according to Sun, originates from BitTorrent’s multiple features, namely that of its decentralized nature and its large-scale global application. This is also a great way to potentially gain an increase in Tron user base, as BitTorrent has an average monthly active user base of 170 million, with over 100 million mobile downloads.
The Tron Foundation’s most recent acquisition was that of the Blockchain.org domain name, which was unveiled on Friday, August 10. It appears that the team plans to offer analytical data, project evaluation and other essential tools that will help investors make better and informed choices within the blockchain sector. This will supposedly also help the team understand how to better satisfy the needs of its followers.
Working Towards Bettering The Tron Platform
In addition to making strong acquisitions, the Tron Foundation has been finding ways to make its platform as decentralized as it could get while increasing overall efficiency for traders and developers. An effort made is that of the Tron Virtual Machine (TVM), which is an operating system that matches its respective hardware system. Its existence, according to the team, will not only help to expand its ecosystem, but it will help to improve it as well. In addition, testing of DApps is encouraged, which is said to be beneficial for developers.
Since its existence, Tron has witnessed an overall growth of nearly 850% growth, as per the time this article was written. If we consider its all-time high, then that’s nearly 1300% growth. Making Tron one of the few projects to have succeeded in as little as one year’s time!
Although Tron has been making smart moves throughout 2018 so far, it still seems that user adoption is its growing concern. Since the several partnerships, listings and support, and improvements within its ecosystem, getting people to notice the efforts made as well as the value it may bring to said users is what makes Tron a considerably underrated crypto project.
Now is probably not the best time to assess a token’s value as the entire market seems to be recovering from what seems like yet another hit, but sooner or later, Tron’s efforts will be positively reflected in the market.
Do you think Tron has a chance to outshine? Or like some investors, do you only see the TRX as a “shitcoin”? Tell us why in the comments below!