Although a majority of cryptocurrencies have experienced mixed fortunes in 2018, the same cannot be said for Tron. The digital currency and its blockchain platform have made significant progress since the beginning of the year.
The highlight of Tron’s developments is the successful transition from Ethereum’s ERC20 protocol to their own mainnet. Likewise, the TRX token has also gained popularity and is now listed on multiple exchange platforms. The objective of the Tron blockchain is facilitating the transparent, secure and affordable delivery of digital content. The TRX token is the principal medium of exchange in the Tron ecosystem.
— Justin Sun (@justinsuntron) November 13, 2018
As mentioned above, the TRX token is now available for trading across multiple cryptocurrency exchanges. The latest platforms to add this token are Scatter and Blockport.
Scatter is a web-based crypto exchange platform. It is based on a blockchain whose objective is to secure personal identities using cryptographic signatures. Apparently, no other company offers a similar solution.
On the other hand, Blockport is a typical exchange that exclusively deals with the conversion of crypto to crypto or crypto to fiat. As of now, the platform has 10 digital assets listed on its trading portfolio. TRX is the latest addition to this list.
Justin Sun, the founder of the Tron Foundation, believes that Ethereum cannot match the daily transaction volumes of the TRX token. In terms of popularity, Ethereum is only second to Bitcoin. Lately, however, Ethereum’s position has faced a challenge from XRP.
In addition to the aforementioned listings on Scatter and Blockport, the Tron network recently attained the 1 million daily transactions milestone. While this achievement is yet to have an effect on the market, it certainly cannot be overlooked.
Overall, most of the popular digital currencies have performed dismally in recent times. Regardless, many crypto investors and industry experts are confident that the market has bottomed out. Thus, a bull run is imminent. When the bullish trend begins, TRX will surely soar in value, mainly because of its increasing adoption as well as availability in several digital currency trading platforms.