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TRON (TRX) has just recorded a substantial increase in prices, increasing by around 16%. This means that TRON is one of the few alt-ins able to get through such a price surge in recent weeks.
According to experts, this is not yet the long-awaited bull run, which should arrive in the following days. Once the real bull race arrives, TRX will become one of the few coins that will benefit the most, analysts say.
TRON (TRX) Price Surge
The new wave of prices for TRON has only recently begun, probably because of the new announcement made by its founder, Justin Sun. Sun said that the Super Representatives of the TRON network have managed to reach a consensus and that several changes are coming .
The first thing that Sun has announced is an update to TRON VM, called Odyssey 3.1. It is said that the new version increases the number of transactions per second for TRON. According to Sun, TRX will work around 200 times faster than what Ethereum has to offer. Furthermore, it will be 100 times cheaper than EOS. If true, this will make TRON one of the quickest and cheapest coins on the market, which will kick-start a completely new one for TRX.
Based on community consent, #TRON will upgrade to Odyssey 3.1 at 8pm SGT. The commission function TRON and TVM will go live, marking the beginning of Era Smart Contract. TRON will be 200 times faster than ETH, 100 times cheaper than EOS. developers and users of dApp, this is for you! $ TRX
– Justin Sun (@justinsuntron) 8 October 2018
Sun already has high hopes for TRON, which can be seen from his claims that TRX will become the largest decentralized protocol in the world. This will effectively overcome Ethereum and Sun expects it to happen in the next six months.
The last opportunity for investors to buy inexpensive TRX
This year, although mostly bearish, managed to surprise investors with various price increases. The most important so far have been those of Ethereum (ETH) and Ripple (XRP). Numerous analysts and cryptographic experts believe it will lead the next bull run. If this were to happen, then it may now be the last opportunity for TRX enthusiasts to buy cheap TRON coins.
Since many expect TRON to go up with a much larger 16% price increase than the current 16%, the purchase of low-cost TRX could allow investors to make a lot of profits in the coming months. Moreover, nobody really knows what to expect from the price and when the imminent wave will stop. At the moment, the price of TRON is a $ 0.027422 per coin, while TRX remains the eleventh currency by market capitalization.
If analysts are right, the TRON price could soon hit $ 1, with some of the most optimistic forecasts, claiming it could even touch $ 5.
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