The much awaited Tron (TRX) main net is now live, but the price has dropped by a slight margin. If you are invested in Tron and are wondering why this is happening, then you need not to worry. This is just a profit taking phase. This is quite visible in the manner in which, the Tron price has behaved all through the day. When the main net was launched, the price shot up before dropping to around $0.059. That’s an indicator that there is a huge number of sellers who bought early, and are now offloading some of their stock.
However, that doesn’t mean that Tron won’t be headed to the moon pretty soon. One of the things that will drive up Tron in the near term, is an explosion of Dapps on the Tron network. This explosion will be triggered by Tron’s decision to offer a $100k loan to developers who launch Dapps on the Tron blockchain. The loan targets Dapps developers who focus on payment applications, social media, IOT, gaming, and other top quality utility applications. These are applications that have the capacity to attract a huge client base all across the world. Once these applications go live, they will drive awareness to the power of the Tron blockchain and serve to attract more developers. Given that the volumes of Dapps is the key driver to the value of a platform blockchain, Tron could see its value shoot up to over $1 within the year.
Other than this monetary incentive for developers to shift to Tron from Ethereum and other Dapps platforms, the fundamentals of Tron in themselves are an incentive. Take the issue of speeds as an example. Unlike Ethereum, Tron has the capacity to handle over 10,000 transactions per second. That’s way higher than what Ethereum can offer. This makes Tron more efficient for launching decentralized applications, since there is no possibility of a network crumble in case a developer launches a heavy application. This will push more developers into Tron now that the main net is live, and drive up Tron’s value.
On top of that, Tron has now launched the Tron virtual machine. Through the TronVM, developers can easily port from Ethereum projects into Tron Dapps. This too will play a role in driving up the price of Tron (TRX), since it will see an increase in the number of Ethereum developers moving over to Tron for its efficiency.
So to answer the question of, when Lambo, a massive increase in the number of Dapps coming out of the Tron ecosystem could see its price hit a dollar within this quarter. Tron’s price rise will also be Tron (TRX) main net by the upcoming rise in the whole crypto market. After months of price drops, bitcoin, the dominant crypto seems to have gained support at around $7000, an indicator that a bull run may be underway. This will push Tron (TRX) to a dollar and above this year.