Why Tron (TRX) Could be Prepping for a Surge
Tron (TRX) – Holders of Tron may want to keep their TRX tokens for the upcoming events that are projected to boost its price up. Founded by Justin Sun, Tron is aiming to create an environment providing a free content entertainment industry by using the blockchain and distributed storage technology. According to what it says in the Tron’s white paper, each user can “freely publish, store and own data” in a decentralized ecosystem.
In other words, Tron’s platform seeks to decentralize the internet, or rather content-sharing on the internet, ensuring that artists, creatives, musicians, authoring can release their content without having to use a middle company, be it Amazon, YouTube, Apple, or Facebook.
Which are the upcoming events for Tron?
- First event: First important event for Tron is the Test Net launch which is expected to take place on the 31st of this month of March. This test net is expected to open new avenues for running a full node, as well as allowing the deployment of customized digital assets.
- Second Event: The second event for Tron is the Coin Burn. It is slated to happen on 31st of this month of March as well. As Tron works n the principle “proof-of-burn “coin burning scenario is required. Because of this coin burn, the increase of the value of the coin is definitely a fact.
- Third event: The third event that Tron holders are waiting for is the most crucial one and is the Mainnet Launch. This very important event is scheduled for May 1 release. As a result, the mainnet will separate Tron from Ethereum which will permit other businesses to partner with Tron in the near future with an infinite scalability on the Tron’s network.
What to expect after those events?
Basically, Tron will experiment a growth after these events which will drive prices up. At this moment of writing this article Tron is trading at $0.038 cents but once those events remarked above are met we could see the price come back to the $0.10 – $0.15 range if not more.
Additionally, as the market sentiment has turned bullish in the last days after a big sell-off we could even expect a major bull run of Tron’s price in the coming weeks and months after events described, improvements and new partnerships coming along the way.
The Tron Foundation
The currency that will be used on the platform is known as “Tronix”. According to his creator, Justin Sun, the cryptocurrency is already set to have a user base of at least 10 million, after Justin announced that the Tron network will be implemented for his own Chinese social networking app, Peiwo.
The coin has already made several partnerships with some major companies including video hardware and software provider Baofeng (which Justin Sun named as “Netflix of China”, oBike, the largest bike-sharing company in Singapore, Bitguild, a blockchain gaming platform and so on.
Besides, some partnerships being announced every week on Twitter by its founder Justin Sun, Tron has been recruiting more developers coming from such recognizable companies such as Alibaba and Microsoft.
Finally, it is interesting to think that even though Tron had many haters due to the white paper plagiarized scandal and its fast growth based on a possible pump and dump, it has demonstrated that they have a great team behind with a great leader, Justin Sun who knows how to manage and market his project and bring more and more companies to join their platform which gives potential for this promising project.