Tron: New Take Off
TRX token grew from $0,0212 to $0,026 with a couple of days. The market capitalization has reached $1,730 billion.
The price surge was on October, 8 and was followed by correction that did not impact the growth. It’s currently trading at $0,0265.
The Reason Behind Growth
On the 28th September, Tron’s team revealed for the community that the activation of the Tron Virtual Machine would take place on or before the 8th of October. TRX’s price surge also follows a new interview with Justin Sun who toldInvestopedia that he believes that Tron will become a top ten crypto by market cap in the next half a year. The TRON project ultimately aims to construct an ecosystem which will supposedly be superior to both the EOS and Ethereum ecosystem – a tall order to say the least, but one which would undoubtedly be helped massively if TRON can indeed offer the reportedly improvements in speed and cost compared to EOS and ETH.
In addition to this, the update will also introduce the ”TRON Virtual Machine”, which will enable developers to more readily trial their smart contracts even before these are transferred to TRON’s mainnet.
Furthermore, Sun recently commented that the TRON Virtual Machine will be entirely compatible with Ethereum’s EVM, and be available at such a minuscule cost that it is ”almost free”.
TVM, according to Sun, will make the Tron blockchain 200 times faster than Ethereum, and 100 times cheaper than EOS.
It is noteworthy that when BitBay added TRX pairs on its European trading platform, the coin reacted with a 13 percent gain. A 10 percent jump was seen when BitFinex introduced three TRX-to-fiat instruments this week. More major push followed with BitTorrent, which announced TRX blockchain was taken to 1 million users on uTorrent, which resulted in another 7 percent spike.
And now, with the launch of TVM, Tron has all the fundamentals backing its rally.