Tron’s New 250 Nodes Make the Network Reach its Highest Point in Months by Node Count
Binance was hacked yesterday, and digital thieves got away with 7k Bitcoin tokens. That’s the kind of news that always shakes the cryptosphere. The hack is particularly disturbing as it happened in Binance, one of the world’s most respected cryptocurrency exchanges.
The cryptocurrency community has been very supportive of Binance (with even John McAfee stepping forward to offer his expertise). Among those who have manifested interest to help Binance in the current situation is one of its strategic partners, Justin Sun, founder and CEO of Tron. Mr. Sun vowed to deposit the equivalent of 7000 Bitcoin in USDT-Tron tokens. That’s USD 42.7 million at current trading prices.
The lousy news affected most of the cryptocurrencies negatively in the market, except for Tron, which was welcome news for the community.
But Tron had further good news, as reported by Misha Lederman who covers developments in the Tron Network obsessively. The Foundation saw the network go beyond a milestone in online nodes. Mr. Lederman’s tweet reads:
“#TRON’s node count is increasing to its highest levels in many months: 1357 nodes online”. He added further that “Given that only a few days ago the TRON node count was around 1,100, this uptick is notable & provides the #TRX blockchain increased stability & growing global reach.”
Tron has been growing noticeably over the last few weeks. Another milestone was a new mark in block height, at 9 million. Tron’s decentralized apps are outperforming or fighting closely with the rest of the market (mainly EOS and Ethereum).
So Tron’s fundamentals keep getting more robust, the network stronger, the user-base more bullish about Tronix (TRX), the project’s native cryptocurrency. And yet, it seems that the rest of the market refuses to turn all those good news into an increased price for TRX.
As we write this article, the coin is trading at USD 0.023235, and it still holds the 11th spot by market capitalization. And it’s been moving at red numbers for the last 24 hours.
However, the project’s leader remains optimistic about the price’s future in the short-term. He tweeted
“#TRON will be back to Top 10 in June!”
That’s not too hard. Cardano is at 10th and its capitalized at only USD 25 million more than Tron. Even sheer market volatility could take Tron into the top 10 as things stand. However, it would break a psychological barrier which would be great news for all Tron holders.