The world of blockchain is fast-evolving as more projects launch on github by the day. TRON is among the promising blockchain projects at the moment given its coverage within the entertainment industry while maintaining a highly decentralized ecosystem. It this for this reason that the project has experienced significant growth within its one year of existence. A few days ago, TRON managed to secure a partnership with Neoworld as the TRX community looks forward to the release of TronLink 2.0.
Going by the crypto developments in 2018, TRON has emerged as a big player within the league of internet decentralization platforms. Its altcoin, TRX, though not immune to the frequent surges & plunges in crypto markets has managed to maintain a top 15 market cap position. A couple of crypto analysts have in the past attributed a large part of this success to the marketing approach by TRX founder, Justin Sun. However, it would be biased to overlook the fundamental value of the TRON blockchain project in its success as a digital currency.
Its recent milestone which saw a fully decentralized Tron wallet rolled out marked a new chapter for this project. TRON’s new wallet will operate as a P2P platform to facilitate the storage of TRX altcoins, the infrastructure design of the wallet allows for significant scalability in the future as blockchain & cryptocurrencies are adopted. This initiative has already earned the TRON foundation an award within the blockchain space according to a tweet by Tron Wallet;
“Today our main company is receiving the award “THINK BIG” by Amazon AWS for the TronWallet blockchain architecture. Thanks Getty/IO to make TronWallet so fast and good! Congratulations and success! #TRON #TRX #TWX”
The TRX market niche which is mainly entertainment internet users have a good chance of adding to their derived utilities while accessing content online in future. Blockchain helps the TRX network to facilitate the monetizing of data which previously relied on income sources from other revenues such as Ads. TRON’s blockchain infrastructure has continued to thrive because of its Decentralized nature that has attracted several DApps on the platform. Through its flexible design, content creators are able to publish & have rights to their work via the TRX digital ledger. As of press date, this project has achieved the milestone of the most popular DApp facilitating blockchain competing with the likes of EOS & Ethereum.
TRON’s soon to be released TronLink 2.0 will further enhance accessibility to its decentralized platform. This development is expected to work in a similar manner to Ethereum’s Metamask gateway. TRX community will be able to leverage the features to access more DApps created on the platform. Furthermore, this initiative comes at a time when most of the crypto market followers expect a bull run as a result of previous market cycles. It still remains speculative on which period this milestone will impact the price of the TRX altcoin. Recent market trends have been gradually changing with spikes being experienced less often. Could this be a case of the much awaited market correction? And at what price will the TRX crypto coin be valued as we close 2018…
Today, the price of one TRX crypto coins stands at $0.0230, this is 12% more than what it was priced back in August. Its total Return on Investment over its 14 months of trading is quite impressive at over 1000% while the average monthly return is 282%. However, things have not been all bullish for this $15 billion valued crypto project according to today’s market cap stats. TRX has a couple of times dropped its price given its highest performing price is $0.2548.