TRON (TRX) is going through an important stage in its still short period of existence. After launching the Mainnet, the network is expanding rapidly and new technologies are being created by the TRON Foundation. Justin Sun wants to take TRON to the top of all cryptocurrencies in the market.
TRON (TRX) just released its Mainnet and has been acquiring several decentralized applications. Even games have already been developed by the TRON Foundation, and quickly conquered the public in recent weeks. Everything indicates that TRON (TRX) could reach a higher place in the ranking of all cryptocurrencies.
Justin Sun does not hide his rivalry with the Ethereum network (ETH). Before launching its Mainnet, TRON (TRX) was running of the Ethereum (ETH) blockchain as a ERC-20 token. However, TRON (TRX) has always sought independence through its own blockchain, and already provides the same services as Ethereum (ETH). For Sun, it’s only a matter of time before TRON (TRX) surpasses Ether (ETH) in the cryptocurrency market ranking:
“TRON’s one day trade volume has surpassed Ethereum’s for the past few days in a row. This is a testament to the fact that TRON’s network activity is steadily increasing.”
Next Steps for TRON (TRX)
The TRON Foundation seeks to consolidate the market by entering into important and strategic partnerships. The company’s most recent partnership resulted in a $ 3 million donation to the Binance Charity Foundation. The investment in the Binance charity fund may shorten the bonds between the exchange and the TRON Foundation.
In an interview with IBTimes, Justin Sun said that blockchain technology will dominate the market. TRON (TRX) will be able to gain more space in the market for the coming years. In addition to the cooperation with Binance, TRON (TRX) is also negotiating products and services with Baidu, which could result in a strategic partnership between the 2 companies. Sun stated:
“Blockchain will be the cornerstone to revolutionizing the production chain, creating a much friendlier environment for global economic growth.”
Check the price of TRON (TRX)
TRON’s price has been stable during the last week. TRX is being negotiated at 0,23 $US, and is the 11th biggest cryptocurrency in terms of market capitalization.