Tron pumping on sound fundamentals

Tron is once again on a roll, with a stream of positive news coming through every few weeks. But this is not fluff – news are backed by hard work behind the scenes and solid fundamentals. Let’s take a look at some of the causes of the most recent price surge.

USDT/TRX pair on Bittrex

One of the reasons is surely an addition of  USDT/TRX pair on Bittrex. New pairings are always good for coin liquidity and accessibility.

Listing on Coinbene exchange

According to TRON founder Justin Sun, the crypto has been listed on Malaysian Cryptocurrency exchange Coinbene.

Being listed on Coinbene gives TRX an avenue to penetrate a new market in a country that is likely to have a bigger base for new supporters. What it means for TRON is that it has an opportunity to expand its reach, increasing visibility ahead of its mainnet and migration from the Ethereum network.

This trading platform has more than 1 million registered users and is distributed in over 200 countries and regions.

Tron was also listed on Einstein exchange, WazirX, an Indian exchange and according to the latest news.

Mainnet launch anticipation

Then you also have the main net hype, that’s coming in 5 weeks.

 

The launch of the TRON testnet marked that the project would no longer be hosted on the Ethereum network which meant that it was leaving the ERC20 platform to develop their own blockchain architecture. The mainnet is expected to be ready and developed before the end of May 2018. The release will be accompanied by complete token migration to the new platform on June 21st. All TRX holders have been requested to transfer their TRX to exchanges as migration will be automatic.

The Main Net launch is sure one of the biggest and most awaited for Tron and its team as well as for the market and supporters. Justin Sun has been making announcements one after the other without getting a rest with so many listings and new events happening revolving around Tron.

Gracious farewell

Tron has launched an airdrop for the Ethereum network community; the digital asset is still being tested and will be distributed to the Ethereum users soon. The TRX tokens airdrop will introduce 30M TRX project and show the advantages that people using the Ethereum network will get from the project.

Watch out Ethereum, TRX is coming for you

Speaking during the launch of the TRON testnet, Justin Sun, the founder of TRON said that the project was going to be a direct competitor of Ethereum. Justin Sun further went on to say that:

“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future.”

And then these is also this – Tron developers working hard behind the scenes, according to Justin Sun and TokenInsight data they were repository with most commits in the last week.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Küster

Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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