Could TRON TRX Skyrocket In The Coming Weeks?
Experts are seeing TRON TRX in a very bullish light at the moment. Off the back of a number of announcements and of course, speculation, many now believe that TRON TRX could enter a bull run in the coming days, one that could really help boost the market cap of TRX and most importantly, the price of it too.
At the time of writing, TRX remains stagnant, valued at $0.020, down 0.30%. Over the past few months, we have seen TRX decline as much as 59%, however this is mostly down to an overall retreating market. Since the launch of the TRON mainnet however and the TRX token migration, TRX has failed to make any significant progress.
According to ZyCrypto:
âTron is being tipped by many experts to rise in the coming days, given recent developments surrounding the currency. Headlining the list of positive reinforcements for the coin is being lined up for trading on Bittrex, one of the biggest cryptocurrency exchange in the world. Tronâs platform is also Dapps friendly and this is has been attracting Dapps developers on Ethereumâs Blockchain. Tron recently unveiled a project dubbed the SeedGerminator, an accelerator created for developers who want to produce different products such as tokens, Dapps, and other technology on its network.â
The pending Bittrex announcement and of course, the further development of TRONs DApps could well see the value of TRX take an upswing over the next few days, though this does assume that the current negative market wonât fall any deeper, otherwise TRX could also once again, remain tightly in the grip of the bears.
Another exciting development within the TRON project comes from a recent statement by Justin Sun, the founder of TRON. He has recently spoken out about the success of the TRON Virtual Machine, a system that now allows Ethereum based applications to be deployed on the TRON blockchain. According to ZyCrypto, Sun said:
âTron Virtual Machine is fully compatible with Ethereum Virtual Machine and migrating to the Tron network will cost developers almost nothing.â
As this grows and as more developers make the most of the TRON virtual machine, we can expect itâs popularity to rise and with that, so will investment interest. As more people invest, the value of TRX will rise, giving those who bought in early something to smile about for sure.