TRON (TRX) has been a bit of a controversial cryptocurrency project. It is a sort of love-hate coin: it has its die-hard supporters that won’t listen to any negative sentiments toward Tronix, and it has its constant critics that have nothing but complaints. The company’s less-than-perfect PR strategy hasn’t helped the situation much.
There was also that whole plagiarism scandal – where many parts of the TRX whitepaper were found to be directly copied from other blockchain-based projects without giving credit.
But, especially with news that broke in the past couple of days, this blockchain-based platform is looking a lot better – perhaps because the team working behind this project felt like they needed to prove themselves.
Let’s talk about why things are looking much better, thanks in part to this team’s recent roadmap adjustments.
First of all, TRON (TRX) is doing extremely well price-wise
This coin has been trading very nicely in the last three weeks or so – doubling its value between February 6 and today. Now it is sitting comfortably at about $.053. It’s a great situation compared to earlier this year. The whole month of January was basically a nosedive for the TRON coin price, falling from a high of $0.21 to $0.025 in just four weeks.
Thankfully, this coin is making a comeback. On top of its price boost recently, its volume has shown some very healthy signs of growth. Its 24-hour volume has nearly doubled in the past day. In fact, it has jumped into the top-5 volume list – and may jump to 4th place soon if it can push Litecoin (LTC) out of the way.
Its price is also up 14% compared to 24 hours ago – but there is a very good reason for that.
The TRON coin is now on Bittrex & Upcoin
The recent price and volume surge can be attributed to what is called “The Bittrex Effect.” The TRON coin just got listed on Bittrex, which is one of the most popular cryptocurrency exchanges worldwide.
— Bittrex (@BittrexExchange) March 1, 2018
Bittrex is actually the 6th most popular crypto exchange when it comes to 24-hour volume, so getting added to this platform gives a whole lot more investor access to this coin.
If that wasn’t enough, TRX also got added to Upbit – which is the third most-used exchange today, having processed $1.1 billion in crypto trades over the last 24 hours. That’s even more than Bittrex – which got a lot more attention as a news story.
On 03/02 (Fri) the following coin $TRX will be added to BTC / ETH markets
— UPbit Translator (@UPbitExchange) March 2, 2018
Both are very good steps for this coin’s journey.
Side note – TRX was also added to Lbank exchange a few days ago, which is the 16th highest-volume exchange. Not a bad extra piece of news.
More importantly, the platform launch just got moved up
The official launch of the live, usable version of the TRON platform – a launch named “Exodus” – was originally slated for July 31st. As of yesterday, however, they moved that date two months up to May 31st. Check out what this coin’s founder tweeted:
The launch date of the main net will be advanced from July 1st to May 31st. The date of #TRON test net will remain the same as March 31st. #TRON accelerates the launch of the main net — exclusive interview from technical team https://t.co/5qTLmc5ocY
— Justin Sun (@justinsuntron) March 2, 2018
That means that the full-blown platform will be up and running in less than three months. Especially with such a crowded dApp-enabling blockchain space, this is great news (especially for TRON coin holders).
The TRON coin team is making some serious moves – maybe they were frustrated with all the negative criticism. When this platform launches, it will be a major threat to Ethereum (ETH) and NEO (NEO).
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.