Tron’s TRX experienced a 20% drop in a 24hr period which led to the coin price at 1 cent for the first time since December 2017.
Justin Sun, the founder and CEO of Tron expressed his view on Twitter on Sunday reminding that Tron users who use dApps are still on the rise.
Justin Sun stressed about the bloodbath via a tweet that has been prevalent in the crypto-industry and urged Tron believers that nothing hasn’t changed. He tweeted:
“In today’s bloodbath, we must remember that nothing has ever changed. #blockchain #bitcoin #DAPP is the future and #TRON will decentralize the Internet. Check out #TRON 6-month data, we haven’t seen such amazing increase before. Plz check after 2 years!”
However, will the market take two years to return to its previous high is still debatable Regardless of Tron’s market capitalization, Justin Sun continues to believe that despite the current bear maul, Tron’s blockchain will continue to see an increase in Tron’s dApp use and transaction volume as it has been growing for some time now.
Furthermore, Tron has had achievements lately, With their recent increase in transactions, Tron is soon headed towards 2 million transactions.
“New record 1,841,055 Txs per day! Will break 2 million very soon! #TRON #TRX $TRX pic.twitter.com/o5oITNRYAE
— Justin Sun (@justinsuntron) November 24, 2018”
Tron currently has 1911 nodes and has a block height of 1424121, the MainNet has managed to achieve a maximum transaction speed of 748 per second. Tron beats Ethereum when it comes to payment settlement in little or no time.
Tron’s dApps have also been the primary drivers for Tron where Tron’s gambling app, TRONbet facilitated more than 500 thousand transactions which also suggest that Tron outperforms Ethereum’s dApp, IDEX. Tron also has daily active users around 1923 whereas Ethereum’s IDEZ has around 950.