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Some time ago, Tron's Justin Sun suggested that his platform would be able to transport the developers of Ethereum and EOS while both platforms were stuck. Well, some developers seem to believe that Tron will not sink at the same speed as Ethereum and EOS and then migrate to Tron's blockchain. This migration is giving the Tron network more momentum in terms of development and network transactions.
Tron gets a boost in Momentum
For beginners, the Tron network has seen a significant increase in the number of daily transactions recorded. The Tron Foundation announced that it has gone through a new milestone by recording over 2.53 million transactions in a day. The number of addresses that have accessed the network has increased by 32,293. This was according to the announcement made by the company on December 13th.
TRON (TRX) Price today – TRX / USD
Today the number of daily transactions has risen to 2.65 million, another 12.463 accounts have joined the network.
The reason for the peak is obvious: developers are migrating to Tron. Tron offers intelligent contract features such as EOS and Ethereum. Thus, it can host developers of both networks. Keep in mind that the price of the TRX token continues to fall along with others in the market. However, many developers consider the most stable blockchain at the moment.
The Tron development team is working hard to achieve its goals. Even with the bear market, the growth momentum has not slowed down. This means that the fall in the price of cryptocurrencies has in no way affected the progress of the development of the blockchain.
So far, Tron has completed two fully functional decentralized exchanges. One is TRX.Market while the other is Tronscan.org. This is in line with the promises made by the foundation and both projects have been completed on schedule.
In addition to the completion of two decentralized exchanges, Tron also achieved another milestone when the TRX token got the tenth position from Cardano (ADA) on CoinMarketCapital's cryptocurrency list.
What the future holds in Tron
Tron proved to be resistant in a bear market. Regardless of the price difficulties that the industry is facing, the Tron team has continued and will continue to expand its horizon to reach developers and investors globally. Many DApps have been created on the Tron blockchain by developers who believe in the project. In more than one occasion, meetings were held to discuss the development of the project. There are no signs that the project is slowing down at any time.
The TRX token is still in tenth position in the list of the major Cryptocurrencies of CoinMarketCap by market capitalization. If not for the fact that the market is not currently stable, it is possible that TRX has moved higher to be among the first 5 cryptocurrencies. At this time, the currency is underestimated.
Tron (TRX) Price analysis
At the time of writing, BTC is struggling to stay above $ 3200. The fall in the price of BTC and other currencies this morning threatened to attract the total market capitalization is less than $ 100 billion.
The price of TRX right now is $ 0.012678. This shows that it is down 2.81% from the US dollar and up 0.48% from BTC. The trading volume over a 24-hour period is $ 53,283,206 and the market capitalization is $ 842,639,734.
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