If you are looking for a crypto that has all the hallmarks of greatness, then you should probably consider investing in Tron (TRX). This crypto has seen a majestic rise through the rankings and is now ranked 11th, and it looks like it’s headed into the top 10 soon. That’s way higher than cryptos like Dash and Monero, which have been in existence for long, and are well-known in the market. So what is powering Tron’s meteoric rise to the top?
A look at recent events around this crypto can give you a glimpse of its fast rise. In the last few days, Tron (TRX) has been pushed up by the upcoming coin burn and test net launch. Investors are piling into Tron in anticipation of these two events and naturally, this has pushed up Tron’s value. That’s why Tron has matched upwards quickly, overtaking the likes of Dash and Monero, which have no interesting news coming out in the near future. It’s a case of positive news pushing up an asset’s demand, in a market where everything else is dropping in value. However, the reason why these two events are widely anticipated is because Tron has managed to achieve a number of other critical milestones that will see it get better in its core functionality.
For instance, in the past few days, the Tron (TRX) team has successfully tested the transfer function. This means it’s now possible to send content from one point to another through the Tron network, without any hindrances. This functionality will easily see Tron take the top spot in the entertainment industry, since it not only rewards content creators, but also makes the process easy for everyone. With such a powerful update, it’s only logical that Tron will continue to rise through the rankings, as its use case grows. As things stand, very few cryptos have a use case as strong as that of Tron.
The team has also managed to debug the network to allow it run more efficiently. Bugs usually make blockchain networks slow, and vulnerable to catastrophic hacks. The fact that Tron has a dedicated team whose role is to debug the network goes to show that they are dedicated, in keeping the network functional. They have also successfully debugged the block generation system to make sure that all nodes are initialized in the right manner.
This dedication is pulling in investors into Tron (TRX), and this demand is contributing to the meteoric rise of this crypto. The Tron team is also working on making the network even faster. As things stand, Tron is probably one of the fastest blockchain projects around. The team intends to make it faster, by working on the fork logic of the network.
It’s not hard to see why Tron is rising so fast, considering that they are willing to push the limits of speed and efficiency. If Tron continues on its current trajectory, Tron (TRX) will be a top 5 crypto within 2018. Anyone invested in this project at the moment is bound to reap big as it grows. I see TRX hitting $1 this year!