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Is a New Deal on the Cards? Tron’s Founder Holds Meeting With Litecoin’s Charlie Lee

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With the year 2019 now well gone, the Tron community is certainly expectant of more deals and partnerships but no ploys in 2020. Recently, Tron’s CEO Justin Sun tipped on a new alliance with Apple’s co-founder Steve Wozniak when the pair took a meal together. As usual, critics ridiculed Sun over the move. However, others, among them icons in the digital ecosystem deemed it a shrewd move.

Just yesterday, Sun via a tweet revealed he held a meeting with Litecoin’s CEO Charlie Lee. The caption on the shared picture on the tweet claimed that the two discussed their respective blockchains and Bitcoin generally. In addition, the Tron CEO added an enigma that the two discussed “some secrets.” Usually, Justin Sun’s tweets always draw speculations and this one was no different. The tweet raised many speculations regarding a possible collaboration with Litecoin.

While Both Tron and Litecoin communities are optimistic about some sort of partnership between the Tron foundation and the Litecoin foundation; maybe the latest meeting was just a meeting. In addition, Sun did not disclose if a partnership had been initiated between Tron Foundation and Litecoin Foundation.

Moreover, we cannot just ignore the fact that the two have held talks in the past to improve blockchain and cryptocurrency sector.   In addition, the increased adoption of digital currencies to the general world has played a major role as a morale booster for both of them throughout their blockchain careers.

Sun’s Dodgy Announcements

Over the years, the Tron founder has been making headlines in all the mainstream press globally. However, he’s been creating a mixed atmosphere within the digital currency community. Many have acknowledged him for drawing as much attention as possible to Tron and the cryptocurrency sector in general; with his unconventional skills. However, others have despised him and branded his methods as misleading. Well, it is understandable for both parties considering Justin’s history of making announcements about bigger announcements.

Possibly, the canceled luncheon with the legendary billionaire investor Warren Buffet is the most notable one. Sun unexpectedly canceled the meeting after paying top dollar and apparently inviting a few guests over. He later apologized for the inconvenience and admitted that he was overindulgent in marketing the lunch.

Tron Advised on How to Become as Big as Apple

A few weeks back, Sun met the co-founder of American tech giants, Apple’s Steve Wozniak. This caused a frenzy amongst the cryptocurrency community. The expectation was that soon Tron may partner with Apple in the same way it did with Samsung.

Later on, Justin Sun revealed that he had received shrewd wisdom from Steve on how to prime his blockchain project. He claimed it was a huge pleasure to receive counsel from Steve on how to grow Tron Blockchain project like Apple.

Charlie Lee Suggests a BCH-Like Approach

Litecoin’s founder Charlie Lee, had earlier suggested a BCH-like development approach to create the Litecoin blockchain. As per him, mining pools contributing a chunk of the block reward voluntarily is a huge way to fund a project. He said:

“Currently with merged mining of Dogecoin and other Scrypt coins, miners make 105%+ of block rewards. So 1% is a reasonably small amount to give back towards funding a public good.”

Conclusion

TRX has not reacted to Justin Sun’s latest announcement. The altcoin latterly shited to position No. 10 on CoinMarketCap’s rankings. However, it has since slipped to spot 12. Tron (TRX) is currently valued at $0.016234 with 1.53% losses on the 24-hour modified timeframe.

Tron (TRX) CEO unveils epic Buy Back program on network’s Independence Day

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Today is an essential day for TRON (TRX), and its entire ecosystem. On this day, one year ago, TRON managed to successfully separate itself from Ethereum (ETH) blockchain, on which it was initially developed. On this day, the coin became independent, and one of the most significant forces in the crypto space around the world.

To honor this day, reflect on what happened in the past year, and announce a few plans for the future — TRON CEO, Justin Sun, held a live stream in which he addressed the TRON community, and revealed what is in store for the future.

https://www.youtube.com/watch?v=YdFsa80fAqQ

Justin Sun announces the Buy Back program

In the year following the launch of TRON’s MainNet and token migration, the project made countless achievements, big or small. Those who have been following the news regarding the crypto market are likely to remember how often the project made headlines in the past 12 months. This is seemingly not going to change anytime soon.

One of Justin Sun’s most significant announcements during the recent live stream was the TRON Buy Back program, which will see the recovery of TRX. The program is set to last for a year, and it has already started.

Sun called it the ‘industry’s largest’ Buy Back program, which will ‘drive the community activities and market stability.’ It will include buying back TRX from the secondary markets in batches. Sun also stated that the TRON Foundation would increase TRX holding to express its confidence in the coin.

https://twitter.com/justinsuntron/status/1143396084816814085

The move certainly shows confidence in the coin and its future, and as such, it might even further drive the coin’s price. TRON has already seen significant advances in the past few days after it made a successful comeback to the list of top 10 largest cryptocurrencies by market cap.

The coin was pushed out of the top 10 list for the more significant part of the year, and earlier this year, Justin Sun stated that TRX would be within the top 10 and BTT within the top 30. Many have taken this announcement with a grain of salt, as the market conditions did not promise such development at the time.

However, the coins performed exactly as Sun predicted, with BTT even making its advance earlier than the prediction stated. At the time of writing, BTT sits at 35th place on the list of largest cryptos, while TRX holds the 10th spot again.

While significant, this is far from being the coin’s only, or even its most prominent achievement in the past year.

TRON achievements in 2018/2019

The TRON ecosystem started its evolution on June 25th, 2018. Since then, it made accountable moves that impacted not only the coin but the entire crypto space. The first most significant move was the acquisition of BitTorrent — a mysterious move at the time, as nobody knew what Justin Sun was planning to do with it. In months that followed, TRON announced its Project Atlas, and the reasons for acquiring BitTorrent became clearer. This also led to the launch of BTT in early 2019.

Another significant achievement is that TRON’s network exceeded 3 million individual accounts. This is a massive growth in a single year, and it certainly shows the amount of interest in the cryptocurrency and its ecosystem. TRON also hit numerous milestones, and even set up new records, breaking the old ones, most of which were held by Ethereum. Its dApp development surged, and the number of smart contracts on the TRON network is growing steadily.

TRON is also responsible for significant charitable donations. Its CEO, Justin Sun, donated large amounts to charities himself. It is estimated that Sun and TRON donated more than $9 million, in total. TRON also entered some significant partnerships, including the ones with Opera, Binance, numerous exchanges, and more.

All of this is still only a handful of the project’s most substantial achievements, and there are countless others, all of which took place in only 12 months. This is truly an essential day for TRON, and in extent — for the future of the internet.

In his live stream, Justin Sun ended his official statement by saying that he is excited to see where TRON will be when its next Independence Day comes around. Considering TRON’s rapid advancement, he is certainly not the only one who wonders.

In the end, there is no doubt that apart from the strides Tron made itself, some projects and teams played a vital role in the success of Sun-led blockchain so far. Some of them include Ante, Dice, ACE, TronEurope and of course, Tron Weekly.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron hits another milestone as Math Wallet adds support for TRX

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Math Wallet has finally added support for Tron-based TRC10 and TRC20 tokens for users of its wallet service. The cryptocurrency wallet was established by a company called Medishares, which is a relatively new name in the cryptocurrency world.

The support came in the form of the 1.9.0 update to the wallet and the wallet now finally allows users to transact with Tron Foundation tokens.

The company behind the wallet, Medishares, is a new entrant into the cryptocurrency business and it has styled itself as “the first global mutual insurance marketplace” in the world that is based on blockchain technology.

What this means, in effect, is that users who buy into the native token of the company (known as MDS and trading at $0.012 as the writing of this article) are given the ability to be a part of a mutual aid program. People who buy the MDS token help fund a smart contract for this mutual aid scheme.

Math Wallet and Tron both extending their reach

The news means that both Tron and Medishares are extending their reach and adding a completely new user base to their existing portfolios. The inclusion of TRC10 and TRC20 tokens means that Math Wallet will be able to entice more Dapp users into its ecosystem.

Coming to the Sun-led blockchain, Tron is adding another notch to its already impressive belt, and helping make TRX a more accessible and more open cryptocurrency by having another wallet add support for their tokens.

This is not the only news regarding Math Wallet as it has also upped the features available in the wallet by being able to use some of the functionality of the Tron blockchain, which is becoming among the top Dapp blockchains in the world at lightning pace.

Users can choose to activate or deactivate Tron power through two buttons in the wallet called “freeze” and “unfreeze.” These are options that are also available in many Tron based Dapps and the Tron Dapp browsers. There is also a resource library that shows the ranking of Tron Dapps, in addition to a Dapp store called Spiderstore. All this allows users of the wallet to have easy access to Dapps that are based on the Tron blockchain.

Mainstream adoption the goal

Justin Sun has never been shy about setting his sights on big moves, but he has always been careful to keep the smaller news trickling in slowly but surely. Adding the support of another wallet is just such a move and can only help with the more mainstream adoption of his brainchild. Tron is already one of the premier Dapp blockchains despite having started relatively late compared to Ethereum or EOS.

None of that matters to Sun though, as his knack for marketing and getting the right partners on board are proving to be a winning combination that is pushing Tron forward faster than any Dapp ecosystem before it.

Many industry observers believe that it is only a matter of time before Tron becomes the ‘de facto leader’ of the Dapp marketplace and continued announcements like the addition of Math Wallet only serve to reinforce that view.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Tron (TRX) price analysis for May 24th, 2019: A good day to be a Tronix trader or holder

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The eleventh cryptocurrency by market capitalization is trading at $0.02825 as we write this, which means it’s gone up by 6.80% in the last 24 hours.

Tron has been slow to react to Bitcoin’s recent bull push, but in the last 48 hours, it seems it’s finally gathering momentum and gaining value.

The Bollinger bands for Tron are perfect. They’re narrow enough so that the prices’ volatility shouldn’t scare anybody, but they’re wide enough so that you know there’s a trend going on, and the trend is decidedly green.

Technical analysis indicators for all time frames are in “strong buy.” In the 1-day analysis, we have the first resistance level at 0.029568, and the second one at 0,30506. This means that TRX is reaching its first resistance level and, as it keeps going up, it’s very likely to break both of the resistance levels soon as well. The third resistance level is at 0.032653, which seems far for today, but it’s within reach given the market’s momentum. If the market breaks the third resistance level, anything can happen.

TRX price chat 24th may 2019
Source: CoinMarketCap

The monthly technical analysis, which is more relevant when detecting turning points in the market, is pretty much the same. The first resistance level is already behind the price, and the second resistance level is at 0.035357.

Except for the MA20, every moving average (both simple and exponential) are in the deep green zone.

Other favorable indicators for today are RS (14), MACD (12,26), CCI (14).

The market is 93% buyers as we write this. So everything is auspicious.

TRX is rising in value, as it’s done for a couple of days now. It’s gone up by 11.52% over the last week, and almost every available indicator points to a continued upward trend that should last for long enough for traders to profit from trading in Tronix today.

Conclusion

Today is a good day for the enthusiastic Tron community which has been waiting for ages to finally see the vast Tron potential and network performance turn into market performance. That’s happening now, at last, and 79% of polled investors by invstor.com believe that the coin will be in bullish mode for some time.

Yesterday, the upward trend was a bit shy and somewhat unclear.

Confirmation for the bullish trend comes in the form of the trading volumes. The price has fluctuated along the day, but losses have had small trading volumes while the highest volumes we’ve seen during the day have happened when the price rises, especially as the price surged a couple of hours ago.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX) daily trading volume surpasses $1 billion

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It’s been a good day for the cryptocurrency market with lots of green numbers in the mix. And Tron’s performance has been among the best on a perfect day.

The trading volume for TRX has been above the USD 1 billion mark in the last 24 hours. While this is not a rare thing for Tron (it had surpassed the billion level only 14 days ago). It’s excellent news for the project as well as for TRX holders and in this article, we’ll explain to you briefly why.

Traders, professional or otherwise, have a set of tools to observe and construe the cryptocurrency market. The best-known among them is technical analysis (which despite the name is neither that technical or scientific) which is a set of rules that, based on past market behavior, are supposed to be able to forecast or explain current and future behavior. These techniques are hit or miss, which means that none of them works 100% of the time.

The trading tools we refer were not developed with digital assets in mind. They’ve been around for ages in other, more traditional markets such as the stock market or the foreign exchange market. Applying those devices to crypto means to assume that the digital currency market is intrinsically the same as Forex or the stock exchange. That is a very complicated question that we won’t tackle here, but it’s worth mentioning because, in the future, the correct answer could make all the difference.

Every resource available for technical analysts is based on an asset’s price. The price is the most crucial piece of information, and every indicator there is in the books is nothing but price data scrambled in some way or other. The core belief is that the price includes or implies everything you need to know about a tradeable item.

The problem with that assumption is that it’s not always correct, which is why there are traders who base their activities in fundamental analysis instead of technical – and another on is that price behavior is quite erratic in all markets.

Indeed, many statisticians have “proven” that prices change in purely stochastic ways and that any attempt at prediction is futile. While this could be true from a 100% scientific angle, such things as trends do exist, and some of the indicators available in technical analysis can indeed be useful to identify them.

So, it’s all about price, right? Well, kind of. There is another piece of data that traders use to confirm behavior. For instance, you could have a sudden dramatic rise in the price of a Forex trading pair (say, EUR/GBP). Would that be enough of a signal for you to jump in and start buying? It depends. The spike in price is not enough.

A rise in value can’t be considered to be genuine unless it’s accompanied by a high trading volume, and that’s why trading volumes matter so much. They are the authenticating factor for market trends, like the watermark or the hologram in a banknote. It means the market as a whole is noticing the asset and trading it. Trading volume means relevance.

And that’s why today’s trading volume for Tron’s TRX is such good news. It means that the crypto space, which is now quite optimistic and active, is noticing the token and going for it. The market for Tron is of 93% buyers as we write this, so the market sentiment is bullish. And if you doubt that, you can always corroborate by looking at the trading volume.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Is Tron (TRX) about to rally at last?

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Tronix or TRX is the Tron project’s native cryptocurrency. Tron is a blockchain project which aims to decentralize the web in full using blockchain technology (Tron’s specific blockchain technology, preferably) thus removing the usual central authorities on the internet (Facebook, Google, Youtube, etc.) and putting monetization of creative content back in the hands of those who do the work.

Outlook on Tron’s price

TRX’s price is rather low. It’s trading at USD 0.025111 and in green numbers. This meager price is not a bad thing. It doesn’t point to any problem with the project’s or the network’s fundamentals. On the contrary, very few blockchains have fundamentals as robust as Tron‘s.

It instead has to do with the high number of tokens in circulation (66.6 billion). Because there are so many coins around, the currency’s market capitalization is diluted, but it’s of USD 1.67 billion in total as we write this post, which is enough to earn it the 11th spot among digital assets by total value. Make no mistake because of the price, the project is valuable even by financial standards.

Strong as the fundamentals are, they’re still not translating into a market rally. Tronix has been trending downward since last January after it had a good couple of months that saw its value increase.

Markets change all the time, however, and that’s what we’re seeing with Tron now.

Upcoming rally

The current price levels have turned into support levels for the price. The usual interpretation for support levels is that the price can’t get any lower unless tragedy strikes. At the same time, some critical indicators are changing from oversold to overbought. That means that the trend is ready to change and we could see a bullish run on Tron very soon.

We didn’t expect that to happen over the weekend, however. Weekends tend to be either dull or bearish in cryptocurrency markets. So it could be exceedingly rare if Tron’s big breakthrough could have happened over the last couple of days.

But Monday, today, would see the feat happening (the Sun-led cryptocurrency is up by almost 5% today already), keep an eye on market events so you can join in the fun. The rally could be triggered by a sudden spike accompanied by high trading volumes or, maybe, by a piece of exciting news from Justin Sun’s or the Tron Foundation’s Tweeter accounts. And two new significant news hit the community today, already. Mr. Sun announced a couple of ‘very’ positive developments for Tron community today already.

One is that a tech giant would launch on Tron blockchain in Q2 this year. Other is, BitTorrent will go live on the Tron ecosystem in Q2, too. If you’re into other kinds of technical analysis indicators, Monday is a good time to start paying some extra attention.

Tron is already the most active platform in the world considering the deployments and use of decentralized applications. It’s also secured many critical strategic partnerships, and the new dApps we see popping up in the network all the time provide new use cases for Tronix. And that’s just what’s already available.

Soon, the BitTorrent network, which is the world’s most extensive decentralized system will merge into Tron’s blockchain bringing in many new users (which could be in the millions).

If only a small fraction of BitTorrent users become interested in Tron and bullish about the coin (which would be in their interest because the new BitTorrent will be incentivized using BTT, a Tron-based cryptocurrency), the demand and trade volume could increase exponentially. That could also be the event that finally triggers a rally.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Another bad day for Tron CEO, Justin Sun, on Twitter

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Justin Sun, the eccentric and much-maligned founder of Tron has seen his mishaps and social bumblings reach a new level of viciousness. His recent tweet noted that ‘right now’ is a good time to buy Bitcoin, which would have been news of a new Oracle being born had Bitcoin not shot up well over $1000 in little over a week.

Sun acts, others react

https://twitter.com/Andre_S_Journey/status/1127107455580876800

The tweet was sent right as Bitcoin hit its 2019 peak and basically told everyone that it was never too late to buy. He received a roasting from followers and critics alike. Most of the tweets were cynical and sarcastic, however, a few of them made a point of saying that what he was doing was unethical.

Sun attended the TNW2019 conference in Amsterdam and was interviewed by an emerging crypto media there, whos representative questioned his decision to discuss cryptocurrency prices knowing he has a large influence in the community at large. He shot back with claims that he saved Bitcoin after the Binance hack took place.

He said that the price dropped by $200 and did not return to normal until he announced that he would send $40 million in USDT to support the world’s number one crypto exchange. He went on to say that it was because of this that Bitcoin rallied and closed at $5900 despite being at $5700 before he made his announcement.

Tron CEO also proclaimed that he has a great influence in the community and on the price of Bitcoin and that his work is helping everyone become richer. He also went on to say that he would be buying BTC, BNB, TRX, and BTT with the USDT he planned on moving to Binance rounding off his showmanship flair with a little canny investing.

Another muddle in a long list of them

Sun has courted a lot of controversy in the last few months. As it seems, the main problem people in the community have with him started when the young CEO announced an airdrop of USDT and Tron that included a Tesla as a prize for following certain conditions. And how Tron Tesla giveaway eventually ended up wasn’t as good as Mr.Sun would have wanted the event to complete (but he managed well in the end, that’s what we think).

Moving on, not too long ago, Sun tweeted ( in an elaborate tweet) that a deal had been done with the Champions League finalist Liverpool. But when Liverpool spokespeople were asked about any potential partnership with Tron, they denied it with a straight face. It turned out that the invitation that was sent to Tron CEO was a part of a general push so that companies could get back to Liverpool and allow the soccer club to learn about them.

This had the community both laughing and crying as his actions, in critics’ eyes, have given Tron a negative shine with his somewhat dodgy marketing tactics. As per the critics, there is an undercurrent of regret in the community for investing in a cryptocurrency with such an eccentric leader and one that is offering none of the stability that matches Vitalik Buterin or Changpeng Zhao.

Subsequently, may neutral observer has been supportive of the visionary young CEO all the way.

It remains to be seen if his business acumen can outweigh his marketing foibles.

Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX) becomes the most tweeted crypto word in Japan

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It’s a very well known fact that Tron’s leadership is exceedingly adept in marketing. Among the Foundation’s marketing resources is, of course, the use of several Twitter accounts which include Justin Sun’s (Tron’s CEO and Founder, also CEO of BitTorrent) and the Tron Foundation’s.

Besides the official players, there’s plenty of discussion going on Twitter fueled by loyal Tron users (sometimes disgruntled ones too), so the micro-blogging platform has become one of Tron’s primary means of communication among community members as well as from the leadership to the user-base.

How effective has that been? Quite so. At some point on May 9, 2019 (a couple of days ago), Tron became the most tweeted cryptocurrency in Japan, overcoming even Bitcoin and Ethereum, which is quite a feat. And this is especially relevant because Japan is one of the crypto verse’s most active and influential geopolitical zones when it comes to cryptocurrencies.

The period in question was from 15:00 to 16:00.

The obvious question is: how relevant is this to the project? Well, it’s obviously a cosmetic thing, mainly. Only teenagers and Donald Trump really care very much about this kind of “distinction.” On the other hand, it points to the success that the project’s had in bringing attention to itself, and that is indeed important. More attention means more users, which means more demand for TRX which, eventually, will mean higher token prices.

This is not much of a milestone for Tron at all. But as the saying goes “there is no such thing as bad publicity.” Also, let’s not ignore the fact that many other blockchain projects would be quite happy to invest a pretty penny to ensure that they’re getting enough attention in all social networks, Twitter included.

We just hope that all the hype, expectations, and great news that Tron is publishing all the time will soon translate into high market performance, which is the only aspect in which the project has lagged behind a chunk of the crypto verse. Tweets don’t move the market. But they do move users and users will drive the market up, sooner or later.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron reaches 8-months highest nodes level; exceeds Bitcoin in all-time transactions in less than a year

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Tron, the 11th favorite cryptocurrency in the market (in terms of market cap), is trending negatively at the moment. If we look at the data present at the coinmarketcap.com, Tron, after seeing a 2.5% downtrend in the past 24 hours, is available for trade at $0.0235.

The current trends of Tron’s token in the market are likely to change soon as the crypto is predicted by many of the digital space’s experts, to ride the bulls in the comings days thereupon hitting the $0.2 mark by the end of 2020 (yes, that’s a long term prediction).

The primary reason behind a crypto’s price statistics depends upon the project’s current performance combined with how it has performed previously. It is no news now (almost everyone in the crypto space knows it already) that recently, Tron, the fastest growing ecosystem, hit a record 2.7M user accounts on the network.

Furthermore, last week, the crypto’s ecosystem saw a whopping 33% growth in its 24-hour trading volume as a result of the addition of 39 new dApps in a single week on the blockchain. Additionally, Tron smart contracts are also nearing 1000, as they are reported to be 877 already.

Tron’s Online Nodes Increasing Significantly

A couple of days ago, on May 8th, Tron landed another significant achievement because of the blockchain’s increased stability and growing global reach. This time in terms of “its highest number of online nodes in many months.”

Misha Lederman, the co-founder of IAmDecentralized.com and renowned supporter as well as elected advisor of Tron, announced via his Twitter handle that in merely two days Tron’s online nodes have increased from 1100 to 1357, making it to the highest level in eight months. Misha tweeted:

Tron Surpasses Bitcoin in Terms of All-time Transactions

Tron, since its inception is mostly being considered as the competitor of Ethereum in the crypto space. Interestingly, Justin sun led crypto just accomplished another milestone that puts it in front of the Bitcoin, famously regarded as the compass of the cryptocurrencies.

As reported by TronScan (a blockchain explorer that allows the crypto community to search the Tron Blockchain for transactions, accounts, tokens, and nodes), the total number of transactions recorded on the blockchain platform exceeds the total number of transactions documented on the Bitcoin network.

For a blockchain company that is merely a year old to have attained such a feat against the crypto which is not only existing for a decade but is the mother of all cryptocurrencies surely is a remarkable achievement as acknowledged by the Justin Sun himself.

As things stand, the price of Tron’s token, TRX, seems to be not reflecting the value it boasts but things might change soon given that the Sun-led blockchain keeps building as it has been lately. Let’s see how things unfold.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron block height nears 10M mark; Sun predicts Tron to be among top 10 by June

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Since this month of May began, Tron Foundation, creator of the namesake crypto which is, at the moment, the 11th favorite asset of the crypto market (in terms of market capitalization), has been in the limelight of crypto-mania announcing staggering achievements landed by the blockchain company.

According to the recent news officiated by the Foundation, previous week Tron saw its smart contracts to increase by 100 reaching the mark of total 877. It’s not a piece of surprising news since it’s MainNet launched (last June), Tron’s smart contracts are gradually increasing in numbers because of the networks’ growing popularity.

The astonishing achievement of the rapidly growing blockchain does not just halt there, according to the weekly Dapp report published by the foundation, the past week has seen a sharp increase in its Dapps sector. Along with three new games, the total number of Dapps deployed on the blockchain is 39 (since the previous week).

Because of this sharp growth in the Dapp division of the platform, reportedly 33% growth has been witnessed in the 24-hour trading volume of the crypto which stood at 505,000 at the moment the report was made public.

Justin Sun also proclaimed recently that while other blockchain companies are cutting off their staff because of the increasing pressure and intimidation of the bear hugs, Tron, on the other hand, enjoys considerable success. He declared that instead of following the suit (unnecessary), Tron has been employing a new talent in every two days.

Tron’s Block Height reaches the 9M Mark

It seems that the Tron-backed crypto’s notable achievements are not over for the week. According to Misha Lederman, Tron’s Advisor to the Dapp Evolution Ecosystem, the crypto’s block height has exceeded 9 million already. He informed the crypto mania about the news a couple of days ago via his Twitter handle.

According to his tweet, the 11th largest cryptocurrency on which more than 400 decentralized applications are running (415 to be exact), has had a phenomenal day on May 6. Tron recorded 2.2 million transactions on May 6 along with the continuous addition in the crypto’s user accounts hit the 2.78M mark.

Will Tron reach 10th spot this month? Justin bets on It

Yesterday, Justin Sun, founder and the remarkable marketer of the crypto, used his Twitter handle to predict that Tron will be back in the top 10 list of the market by next month, June. He didn’t just stop there, the founder also predicted that BitTorrent Token (BTT) will also become one among the top 30 assets as 2019 Q2 ends.

If we look at the overall trends of the famously regarded unpredictable crypto-mania, Justin’s prediction seems achievable. Recent impressive strides of Tron put it pretty close to the 10th spot (just shy of approximately 60M), many crypto-maniac are therefore in favor of the Sun’s prediction.

BitTorrent Token (BTT), on the other hand, also has had a remarkable journey since its inception. In its first week’s trading only, the token gained 500% and continuously growing among the top performing digital assets in the market.

At the time of writing this piece, Tron is the only cryptocurrency that’s in the green out of all top 15. After gaining 2.36% in the last 24 hours, TRX stands at $0.02468 accumulating the market cap of $1,645,832,539.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.