TRON’s TRX is soaring high again. Since the launch of MainNet on March 31, TRON has been riding a high wave of success.
In the highly competitive crypto-world, when cryptocurrencies have actually struggled to keep pace Tron has delivered consistent results.
The coin’s block height grew from 3 million to 4 million and that too in a dizzying time of just a month. It had earlier crossed 3 million in 109 days. Clearly, the launch of Mainnet has furthered its performance.
The important thing to note is that the project has scaled new heights very quickly. It is now prettily perched on top of a huge community of over 100 million users in the crypto world.
TRON is one of the largest blockchain-based operating systems in the world. Its TRX is currently trading at $0.022 with a market cap of $1.47 billion during the time of writing this article.
TRON is an often talked about the project that aims to use blockchain technology to build a global free-content entertainment system. Launched in 2017, its native token, Tronix (TRX), has not always had a smooth ride, experiencing several variations that also included a growth of 3,650% in the space of just one month.
One of the most belligerent rivalries the crypto world has seen is between Tron (TRX) and Ethereum (ETH). A couple of days ago TRON broke Ethereum’s record for the highest number of transactions in 24 hrs. Tron recorded 1,367,488 transactions on 9th November, whereas Ethereum transaction count was 1,349,890, which created the record on Jan 4, 2018.
There are talks about whether Tron will ultimately replace Ethreum. Ethereum of late has been struggling with its own set of problems and will have to find answers quickly.
But seeing the way Tron is steamrolling ahead, combined with the vision of Justin Sun for his pet project, it could be a matter of time before this becomes a reality.