Ripple and Tron have been making strides recently with their announcements of the adoption of their tokens. XRP will be used by banks to facilitate cross-border transactions and TRX will be used in Tron’s network for their dApps.
The price stagnation of Bitcoin has led many altcoin rallies. After the burst of the cryptocurrency “bubble” many critics have turned into skeptics.
Summer was filled with negative news surrounding cryptocurrencies and its core technology, blockchain. However, views have started to change, banks have started to ride the new wave of disruption, be it cryptocurrencies or its technology, blockchain. JP Morgan decided to tokenize gold bars, Goldman Sachs is conducting a pilot test with few traders on Bitcoin and many banks will be implementing Ripple’s xRapid. Meanwhile, BTC might have shown some growth after the collapse of the “bubble” but has no real value backing it up.
Tron’s community has been one of the most devoted and loyal in the cryptocurrency space. TRX has been experiencing a bear market for some time now. Tron now plans to release their open-source platform on December 29, 2018. This platform will provide revolutionary smart contracts and its dApps platform. With their open-source platform going live in the final week of quarter four TRX seems like an acquisition target which has the ability to outpace Bitcoin’s bull run.
Majority of top exchanges have already been supporting Tron and their team as they’ve been committed to continued listings. This also suggests that the developers are working on their open-source platform and the community managers are focused on reaching out to exchanges and networking.
The founder of Tron, Justin Sun is one of the most influential individuals in the crypto-verse right now. With good connections and a slew of successful startups, his leadership will be critical for Tron’s success.
TRX will be hosting a major conference in San Francisco in January, right after the launch of their dApp platform.