BOSTON, Mass. – The trading price of TRON (TRX) has been on an upswing lately, exciting its support base. According to Coinmarketcap.com, TRON’s (TRX) native token, Tronix, is presently on the 14th place. It is currently trading at $0.042664 at the time of writing.
Bullish sentiments for this virtual currency have been heightened by a series of projects, increasing the probability of its promotion into the top 5. TRON will, hence, join popular digital currencies like Bitcoin, Ethereum, and Ripple atop the list.
TRON (TRX) has been defiant against market storms. The cryptocurrency industry has been weathering challenges like advertisement prohibitions by social media behemoths Facebook and Twitter as well as international governments’ stringent regulations. Bitcoin was severely impacted by these events, yet TRON’s (TRX) bouncebackability is highlighted by its latest introduction of the Testnet which has proven to be successful.
Initiated on March 31, the Testnet is expected to bring in more interested parties and decentralized application developers for TRON. Furthermore, the Testnet will be the gateway to an easy-to-use, obstacle-free, and person-to-person exchange of content, with content makers guaranteed to be rewarded. These features will make TRON a star in the digital entertainment industry.
Another project, the Project Genesis, is expected to entice more developers. This initiative will enable TRON to become more competitive versus the more mainstream cyber-currencies like Ethereum. Moreover, it will make the digital currency a more enticing option through the dissemination of currency-form bonuses.
In addition, Coinflip, a Bitcoin ATM operator, has also added TRON to its coin dispenser. This progress enables US-based users to purchase the Tronix token hassle-free and directly from the ATM.
According to its official website, TRON is a blockchain-based, decentralized protocol project. This 7-month-old coin was founded in September 2017 by Jack Ma-inspired, tech businessman Justin Sun, who was personally educated by the Alibaba Group’s CEO.
User-friendly TRON (TRX) has been praised for allowing users to control the content they publish – a feature absent in other crypto platforms. With these propitious developments for TRON, joining the mainstream top 5 digital currencies on the list is just a matter of time.