At 12th position, Tron is currently in the red at $$0.0148. However, in the last few days, TRX price surged about 43 percent as the crypto market turns green. Meanwhile, after expanding in other industries, now Tron is further moving into the gaming sector with its $100 million fund as the company is focused on “global, decentralized Internet ecosystem.”
Tron Making the Moves
In the past couple of days as the crypto market turned green, Tron saw a much larger recovery as it went about 43 percent up from $0.0116 to $0.0167. The world’s 12th largest cryptocurrency is currently trading at $0.0148 with 24 hours losses of about 2 percent. With a market cap of $979 million, it has been managing the daily trading volume of $174 million.
Tron price chart, Source: Coinmarketcap
Apart from the TRX price seeing positive movement, it has also been making a lot of development when it comes to numbers in the form of daily transaction volume, the number of addresses, Dapps and much more.
This has also been pointed out by Weiss Crypto ratings on Twitter,
#Tron (#TRX) has surged as much as 53%, outpacing its competitors and recovering more than twice the value of #Ethereum, #Bitcoin Cash, and #EOS. Tron’s become one of the most widely used ledgers for the blockchain in the world, so it’s gotten a boost in its adoption grade.
— Weiss Ratings (@WeissRatings) November 29, 2018
Unveiling a $100 Million Fund
Moreover, Tron has released a $100 million dollar game fund. Tron Arcade is the blockchain game fund that is for building the foundation of a blockchain game ecosystem. It will be investing $100 million in the project for the next 3 years.
Tron Founder & CEO, Justin Sun said,
“TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.”
Tron Arcade will focus on introducing new games, empower developers to execute their ideas, and build a community of content and entertainment.
According to its official announcement,
“The company is dedicated to building a global, decentralized Internet ecosystem and ushering the world into Web 3.0.”
This bold move has been in continuation of Tron’s latest expansion into charity, consumer interests, enterprise solutions among other industries.
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.