Currently, at $0.08, Tron has been experiencing a good surge in its prices since it’s testnet launch on March 31. A lot of developments and good news this month further drove its prices that are expected to rise even more as the highly anticipated Tron Mainnet launch date comes near.
Tron Mainnet coming on May 31, TRX to fly high
Tron is going at a good pace, currently ranking at the 10th spot on coinmarketcap, it is experiencing a surge of 10.47 percent at the time of writing. There has been a lot of factors that are driving the prices of TRX and will further give them a boost.
On March 31, the Testnet of Tron was launched that has the Tron community elated. This was where a new countdown was started and that was for its Mainnet launch. May 31 is the scheduled date for this launch.
With the testnet launch, TRX saw a surge in its prices and an increment in its market cap. Now, the anticipation of Mainnet has reached to great levels creating bullish sentiments in the market for this crypto. Once the Tron Mainnet is launched, Tron will become a potential ethereum competitor as stated by Sun:
“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform”.
The Tron foundation will also be initiating the token migration to its fully developed Tron Network from the ERC20 platform on June 21.
Constant developments work in Tron’s favor
Another factor that pushed the prices of Tron was the Coinbene listing. Ranked 25th on coinmarketcap, Coinbene is a big cryptocurrency exchange that serves globally which works in favor of TRX coin. This listing provides added liquidity to the token apart from boosting its prices.
No to mention, recently Tron Foundation founder, Justin Sun tweeted about the popularity of Tron on GitHub as it ranks at the top spot in GitHub commits.
A few days back, Sun also tweeted about Tron being the most mentioned cryptocurrency on Twitter on an hourly scale. Among Bitcoin’s 1656 mentions and Verge’s 811 mentions, Tron got the top spot with 2264 tweet mentions.
Last week Tron also announced an airdrop of 30 million TRX coin to Ethereum to show gratitude to the support provided by Ethereum in their ERC20 phase.
It looks like Tron is constantly working on developments that are aiding in mounting its prices. With the Tron Mainnet launch coming up, it is a high possibility that TRX price will moon even further.
What price level do you think Tron will reach after Tron Mainnet launch? Let us know your views in the comment section below!
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I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.