On 8th August, Justin Sun, the Co-Founder of Tron announced that Tron is on the way to surpass Ethereum in terms of daily transactions. The statistics that he tweeted showed that on 6th August, TRX was traded 128,438 times while Ethereum was traded 636,342 times.
Justin’s argument was that Tron, which is just one month old, had achieved such high trading numbers compared to Ethereum which has been in the game for over 3 years.
On May 30th, Tron [TRX] launched its own MainNet. Following this, they launched their Tron Virtual Machine. The machine is compatible with the Ethereum Virtual Machine and developers can shift from the Ethereum platform. This was marked as one of the significant moments in Tron history.
The platform has been aiming to surpass Ethereum even before the MainNet launch and this was one the first few steps taken by the Foundation. Moreover, the Foundation also revealed Project Atlas which will enable billions of BitTorrent users to become a part of Tron.
The majority of the community claims that irrespective of the announcements, there has been no positive impact on the value of the coin. TRX has only been fluctuating on the cryptocurrency charts rather than holding a stable position. Moreover, Ethereum Classic [ETC] and Monero [XMR] has pushed Tron down to the 13th position.
According to CoinMarketCap, Tron [TRX] was trading at $0.024 with a market cap of more than $1 billion. The coin has seen a fall of more than 25% in the past 7 days and more than 11% in the past 24 hours.
Steve Kravetes, a Tron enthusiast says:
“Obviously this was in the making for quite some time because of the sheer scale of expansion and rapid development undertaken by the foundation. The anticipation for the launch of the secret project i.e., Project Atlas is a clear indication of the immense ripple that Tron has created in the cryptocurrency ocean.”
Jeremy Ciconte, a Twitter user commented :
“Get the price to surpass ETH and we’re cooking”
Recently, Super Representative Program has been a huge success with over 64 candidates now a part of the program. The latest addition to the Super Representatives is uTorrent.
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