TRON’s Decentralized Apps is Almost at the 300 Mark Yet TRX Still Drops out of Top 10 Market Cap
The TRON blockchain platform continues to be amongst the industry’s favourite when it comes to decentralized applications. Furthermore, crypto traders also leverage its digital asset (TRX) largely to meet their transaction needs. However, TRX was recently edged out of the top 10 crypto coins to position 11 at the moment.
TRON’s ecosystem is a major competition for both EOS and Ethereum which are also DApp oriented platforms. Today, the three rank closely in adoption rates based on DApps development and transactions volumes facilitated within each.
TRON’S Dominance in DApp Development
This innovation by Justin Sun is geared towards achieving full decentralization of the internet. As it stands, TRON is gradually gaining a niche in its target market which mainly includes DApp developers. The good performance has attracted prominent players like Misha Lederman, to comment positively about TRON’s progress. Lederman is a guru in decentralized applications and created the lamdecentralized.org. In a recent tweet, the DApp expert noted that;
#TRON has 274 DApps live on @dapp_review, edging on the 300 DApps landmark What's remarkable is that TRON passed the 200 DApps milestone only 35 days ago, meaning that #TRX added an average of 2 DApps every day since then. The growth of the TRON ecosystem is unquestionable
The TRX blockchain competitive edge stems from the ability to facilitate multiple tps compared to its peers’ performance. As a result, the ecosystem has time and again lured developers from Ethereum and EOS to leverage their network. Lederman added that the TRX platform currently hosts over 280 decentralized applications.
TRX Coin Unresponsiveness to Fundamental & Tech Milestones
Efforts by Justin Sun to promote his project have been derailed in the past few weeks owing to an unresponsive TRX coin. The cryptocurrency recently slid out of the top 10 market cap coins to leave space for the likes of Cardano (ADA). This is said to have been triggered by a major milestone that saw Cardano launch an upgrade for its ecosystem.
TRON’s performance was quite unexpected owing to the campaigns on social media platforms like Twitter and Facebook that Justin has heavily invested in. In addition, the TRX founder has been on interviews with CNBC and Bloomberg as an attempt to make his brand popular to the world. However, the TRX market cap tells a different story about the outcomes having performed lower than expected.
TRON’s Prospects in TRX Value Addition
Justin Sun began 2019 with a goal of dominating the DApp oriented market and increase the TRX value as well. Basically, the TRX founder wants the digital asset topping charts in crypto markets globally!
One of the strategic moves by Justin to achieve his goal was a token sale for BitTorrent held on Binance in the beginning of 2019. This was a good boost to the fame of TRON and its consequent coin TRX. Furthermore, well-informed crypto stakeholders applauded the move stating that the BitTorrent acquisition means more clientele for TRON.
With developments in the field of Decentralized Applications, Justin Sun is among those that are keen to improve their blockchain ecosystems. Lastly, the founder is well supported by TRON’s community who believe that this is the way to gradually realize the blockchain’s potential.