You've seen the big moves made in Bitcoin (BTC), Litecoin (LTC), and Ripple (XRP), but TRONIX (TRX) has grown faster than any of them this week.
It's been a wild ride for the cryptocurrency world the past couple weeks. Bitcoin cracked $10K, then flew past it to $15K, sustaining over $16K after the launch of bitcoin futures trading on Cboe. Litecoin grew 333 percent in just five days starting at the end of last week. Ripple surged 84 percent in a day, and has grown another 56 percent since the time of that writing.
But one cryptocurrency has grown faster than all of them: Tronix (TRX), the coin of the TRON network.
What is TRON?
TRON aims to "heal the Internet" by constructing a worldwide free content entertainment system on the blockchain. The protocol allows users to freely publish, store and own data, enabling them to own the rights to their content and decide when, how, and at what cost to share it.
Sun wants to position TRON as a new kind of "distributed economy" in digital entertainment—including anything from streaming video to online gambling to social networks—where the users themselves own the economy. TRONIX is the cryptocurrency that runs on TRON. An important note here is that, in service of that distributed economy, TRON also supports other cryptocurrencies.
According to CoinMarketCap, TRX was trading at $0.003916 last Thursday night (around 7:45pm PST). This morning, less than a week later, TRX broke $0.02 at $0.020064—marking a weekly growth of 512 percent. The price is currently $0.01937.