The last few days have seen Tron in the news, for all the right reasons. Yesterday, after the markets seem to slow down again, there are fears that this week's small gains will be wiped out again. However, it was found that these reserves were unfounded as most of the best currencies remained relatively stable. In fact, some were able to grow. One of the best gains was TRX, with growth of over 7%.
Tron, a well-known altcoin, rose again before Monero [XMR], the promising encryption of privacy. Now, perched up to 11th place, Tron once again surpassed the $ 1 billion capital market threshold, trading at just over $ .015 at the time of writing.
It did so with a steep climb when the trade volume of nearly $ 90 million was boosted by an increase of over 6% in just a couple of hours. Interestingly, the upward trend was not due to a single market, as currency trading came from BitForex, Binance, Upbit, OKEx and Huobi.
As mentioned, Tron was not the only one to gain from the end of the rally. Most of the best coins, like Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Stellar [XLM], has also seen about the same climb, which is around an average increase of 5 percent. Tron was considered the biggest gainer because he saw the barrier of billions of dollars, an important physiological victory.
The recent comments from Tron's sources have certainly helped to fuel this positivity around the currency. Their CEO and founder of the Tron Foundation, Justin Sun, had recently outlined the companies' future plans by claiming to consider TRON as a protocol more than anything else. Moreover, talking about prospects and future ties, he noted
"BitTorrent is popular in 138 countries so it is very important to find a solution as a payment channel in which the whole country is the same, at which time the banking system and all these payment channels are fragile".
With a strong focus on integrating BitTorrent into the market and trying to improve its presence with its Atlas project, the company seems to have made the right strategic decisions.
These two good news have undoubtedly favored the market. Further updates from Tron state that these projects will be finalized in early 2019. In addition, Tron Arcade, a $ 100 million kitty, has also been announced with the aim of attracting game developers to this platform. Justin commented that this is to incentivize and support developers and projects for the next few years. At the moment the protocol seems to be particularly popular in the gaming industry; The Foundation hopes that this will stimulate the biggest gaming industry and have them built on Tron.
The founder of Tron is known to be quite frank in his ambitions; repeating repeatedly to the market that aims to position Tron to overcome Ethereum [ETH], the third largest cryptocurrency by market capitalization, as the largest intelligent contract platform. The Foundation is also looking for ways to gain more interest and links with other industries. He identified possible future incursions into social media, charity, entertainment and business solutions.
With a prolonged bear run, the survival of most coins depends on adaptation and innovation rather than reaction. It seems that Tron correctly read this feeling and made bold moves. At the moment, we can note with caution that those moves seem to bear fruit. If you can avoid another fall and continue this march, it will have to be seen.