Tron (TRX) is holding tight at the number 14th position on coinmarketcap.com and is enjoying the positive tides in the market. The token, soon to be coin on its own blockchain, is currently trading at $0.042: a 6.5% gain in the last 24 hours.
Despite the FUD that is has plagued the Tron project since inception, the Tron Testnet was launched on March 31st through a live event that involved the Project’s lead, Justin Sun, and his technical team. In it, Justin and the team highlighted what will be an exciting roadmap moving forward and more reason to be bullish about TRX.
Firstly, once the Mainnet is launched on the 31st of May, Tron will continue with its vision of a totally decentralized internet. The Tron protocol will be gunning for platform heavy-weights such as Ethereum and Lisk, in a bid to attract Decentralized Applications develoepers. With already $100 Million users on the current 9 DApps on the Tron’s Ethereum based platform, the sky is the limit once migration to the new blockchain starts. The migration of the ERC20 Tokens will begin on the 21st of June, 2018.
Secondly, is the much anticipated Project Genesis. With this project, Tron literally means war with Ethereum and any other platform. Project Genesis is a reward pool valued at $2 Billion and aimed at rewarding its Tron community and developers. One thing that is known through observing human nature, is that we are motivated by the thought of being rewarded for our work. More so, if this reward is in the form of some currency. This means developers out there can really earn a quick buck by doing what they love.
Project Genesis also includes loans to entrepreneurs. Single loans of $100,000 in digital assets will be issued to ensure that developers are well funded to carry out the much needed Research and Development.
Thirdly, the Tron community is impressively large not to notice. The main Telegram chat group has an impressive 18,000 members and still growing. The Tron Foundation twitter page has over 284,000 followers. Its Reddit community is 63,000 strong. With such a following, the only way is up for Tron (TRX) moving forward. Also to note, is that Justin pretty much has the entire country of China watching the project. Speculation is high as to what such a backing can do for the project with Jack Ma being Justin’s mentor.
For the token, and later coin, to reach the number 5 spot on coinmarketcap, its marketcap should be greater or equal to that of Litecoin (LTC) at the moment of writing this. This value stands at $7.376 Billion. This means the price of TRX would have to be $0.112: a value TRX has tested twice on January 4th and 10th this year.
In conclusion, TRX is a project to watch out for moving forward. It is only a matter of time before it stuns the world with A Moon Landing.
Read more at: Ethereum World News