Justin Sun is the well-known co-founder of Tron, which has been a popular topic of discussion lately. On the 8th of August, Sun posted a tweet that would bring some excitement to investors in his platform. In the post, he discussed the way that their daily transactions are a good indication of how far Tron will be going.
#TRON (launched for 1 month) daily transaction: 128,438 vs. #ETH (launched for three years) daily transaction: 636,342. We are on the way to surpass #ETH. $TRX #TRX #ethereum pic.twitter.com/2MlKpqRY2K
— Justin Sun (@justinsuntron) August 8, 2018
Sun’s optimistic post was based on the high trading numbers after only 30 days on the market and saw that they may quickly approach the average that Ethereum established, even though it is three years older.
The launch of the Tron MainNet was on May 30th, which was followed by the Tron Virtual Machine. This Machine has the right compatibility to shift to and from the Ethereum Virtual Machine, which was a major advancement for the innovation of Tron. They have been trying to pass the progress of Ethereum since shortly after their conception, but it seems that this announcement has not garnered them any extra attention in sales. In fact, they have continually fluctuated, unable to land on a stable price. As a result, it is ranking at #13 right now, behind Ethereum Classic and Monero.
Based on reports from CoinMarketCap, TRON is presently priced at $0.024, and has over a $1 billion market cap.
It’s been the victim of a 25% loss in the last week, but Tron enthusiast Steve Kravetes has this to say about the performance:
“Obviously this was in the making for quite some time because of the sheer scale of expansion and rapid development undertaken by the foundation. The anticipation for the launch of the secret project i.e., Project Atlas is a clear indication of the immense ripple that Tron has created in the cryptocurrency ocean.”
On Twitter, a different user explained, “Get the price to surpass ETH and we’re cooking.”