Since its launch in September 2017, Tron (TRX) has seen tremendous growth. Investors believe in its potential to completely change the mechanics of the entertainment industry. That’s not to say that this crypto doesn’t have its fair share of detractors. After the recent dip where it lost close to 80% of its value, many have labeled it a pump and dump. But Tron soldiers on, and on the 31st of this month, it will completely eliminate any doubt that it’s here to stay! So, what will be happening on the 31st of March with regards to Tron?
Well, the biggest news on this day will be the launch of the Tron test net. The Tron test net will allow developers to create and deploy smart contracts in an environment that is way better than Ethereum. The test net is expected to be similar to the main net so its success will be a signal to the success of the main net, which will be launched slightly over a month later.
This will sure get the market excited because the Tron (TRX) main net will be highly scalable, and will have some of the lowest transaction Fees, of any smart contracts platform in the market. You can rest assured that this launch will have a significant effect on the value of Tron not just on that day, but from that point onwards.
On top of that, there is news that Tron (TRX) will do a coin burn on that same day! Coin burns usually have the impact of significantly pushing up the value of a coin. That’s because they reduce the supply of coins in circulation relative to prevailing demand.
Just to give you context on the impact of a coin burn, check out the value of Binance coin from July 2017 to date. With every coin burn that this coin has undergone, its value has shot up significantly. Tron is no different. Given that the coin burn is taking place on the same day that the platform is launching its test net, the impact on this crypto’s value will be significant. This could easily see Tron surge to over $0.50 within 24 hours, but we can only wait and see. It could even hit a dollar!
But the biggest impact of these two events will come from the marketing capabilities of its founder Justin Sun. Justin is a major driving force behind’s Tron’s rise, and you can expect him to hype up these upcoming events in the next few days. His personality will play a role in taking Tron to the moon once the test net is launched and some coins are burned. Remember he has been hyping up the main net launch for some time now, even writing that it will take place earlier than scheduled! Such pronouncements have excited the market in the past.
Tron (TRX) is definitely one of the coins you should looking to invest in now, and capitalize on these unfolding news events.