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For many people within the crypto community, TRON (TRX) is an example of how a cryptocurrency should develop. In fact, only in 2018, TRON has moved from being an ERC20 token to the launch of its own MainNet, numerous projects, dApps and even other tokens created on its own blockchain.
During that period, however, the value of the currency remained largely unaffected, except when the bear market brought it lower and lower. However, the value of money and its inactivity are only the surface situation. Below it, this is one of the busiest coins on the market.
Thanks to its "killer dApps", TRON has managed to get new records when it comes to the number of transactions a day, a week or a month. The volume of currency exchanges has also reached quite impressive heights at times, even beating Ethereum. Furthermore, its market capitalization is currently $ 951 million, which brings TRON very close to the $ 1 billion club.
For now, the currency remains in tenth position on CoinMarketCap's list of major digital currencies, with Cardano (ADA) only one step back and Bitcoin SV (BSV) in between.
Many members of the crypto community have criticized the creator of TRON, Justin Sun, for having given too much clamor to the currency through his constant tweets. According to them, Sun built TRON only on enthusiasm. Whether this is true or not is still the subject of debate within the community, but the fact is that TRON is advancing rapidly, especially in terms of projects and partnerships.
He already has a very popular betting app, a game based on TRX, as well as his DEX. In addition, its mainnet currently has over 900,000 active users, according to Justin Sun's recent announcement.
congratulations for #TRON mainnet accounts exceeded 900k in 178 days. #TRX $ TRX pic.twitter.com/H6TDt1ddKp
– Justin Sun (@justinsuntron) December 18, 2018
Despite the low price, TRON seems to do quite well in terms of popularity and use, which is what is keeping the project among the top 10 cryptocurrencies. Indeed, some even rank it among the best performing coins of 2018. However, the question of its current value remains questionable.
According to forecasts, the value of TRON will continue to decline gradually over the next few years. Although these predictions are not accurate, they are based on the behavior of the currency so far. However, it should be noted that the crypto market remains unstable and that the situation can change, for better or for worse, at any time.
The fact remains that TRX remains among the most used coins, with a daily trading volume of almost $ 89 million. In combination with his 39 active apps, TRON does not seem the project that will soon lose support.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not hold stakes in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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