The often controversially discussed digital currency TRON recorded a strong price increase within the last 24 hours, overtaking the German crypto currency IOTA. The current bullish technical signals are due to the early start of the Mainnet, which is within reach.
The price of the crypto currency TRON has risen by 17.81 percent over the past 24 hours to a price of $ 0.083 per token. With a market capitalization of $ 5.4 billion, TRON overtakes IOTA and fights in ninth place in the largest cryptocurrencies.
This allows TRON to overcome the negative trend of the crypto market, which has been taking place for a few days now, and at least for the moment to mark a new 7-day high. The total market capitalization (of all cryptocurrencies) since last week between 365 and 400 billion dollars.
TRON grows up on 31.05.2018 and moves to its own Blockchain by the launch of the Mainnets. So far, TRON ran as an ERC-20 token on the Ethereum Blockchain . Justin Sun is currently making TRON push across all social media channels, fueling hype in the community in preparation for the event in 10 days.
https://twitter.com/Tronfoundation/status/998237057314013185/photo/1
- Tronfoundation
By now more than one million people are part of the TRON community, even though it did not always look rosy for the project in the past. Through a recent Airdrop for all Ethereum Hodler Sun tried to generate additional attention for the project and to stir up the name "Ethereum Killer".
Furthermore, the TRON Superrepresentative elections are open to anyone who meets these requirements . Twenty-seven representatives will be chosen to guide the development of the TRON network in the future.
Receives support TRON from Germany by a young developer with 19 years of open source Wallet Dapp programmed . The Wallet is a multi-functional dApp based on the Tron protocol.
After the successful launch of the mainnet, a new block is generated every second so that the TRON blockchain should be able to process 1,000 transactions per second. Bitcoin and Ethereum are still much slower, although scaling solutions (Lightning for Bitcoin and Sharding or Plasma for Ethereum) are being developed for both projects.
The launch of the mainnet is always an important event for a crypto currency, regardless of whether all the promised features are actually put into action. Especially traders can generate good profits through the hype and additional attention and thus often associated price explosions. Whether TRON really can be an Ethereum killer will show the launch of the Mainnet and the subsequent development.