Can TRX prices live up to Tron’s progress?
Tron [TRX] is a cryptocurrency that is always in the limelight. Tron is amidst some major breakthroughs amassing investor interest. The coin had gained over 8 percent in the last week alone, but was trading marginally lower against the U.S. dollar at around $0.036 on Saturday. TRX prices have exhibited major fluctuations in the past month signifying a wavering confidence of investors.
Attracting the limelight
Tron has attracted a lot of media frenzy with new milestones in the progress of their company. The company just finished its mainnet launch and token migration and is looking forward to the launch of its Tron Virtual Machine. TVM will provide a comprehensive set of ideas to support developers and quickly develop smart-contracts. Also, they will publish smart-contract libraries the developers can use. TVM is compatible with Ethereum virtual machine and similar smart contracts. Some suggest the virtual machine will be Tron’s solution to massive adoption.
The cryptocurrency is on a spree to find bugs in their system with their bug bounty hunts to make the network more secure. The finders are rewarded according to the prices announced before the start of the program. The coin also topped the ‘most mentioned coin’ on Twitter owing to the fact that it is the most trending coin. It is also one of the most active communities in the Blockchain industry.
TRX’s Market performance
TRX prices are exhibiting major fluctuations despite the positive media attention. The coin tested a support level of $0.35 in June which is quite disappointing. The 100 EMA line is exhibiting an downtrend however, in line with the broader slide in the cryptocurrency market. Tron enthusiasts are eagerly waiting for the TVM launch and also another secret project that is underway.
The crypto company is gaining popularity with its successive announcements of their further developments traced in its roadmap. The company not only gives priority to user security but also wishes for full decentralization thereby upholding the basic principle of blockchain technology. If there are no roadblocks ahead the coin can reach the $1 mark and climb the ladder to the top ten cryptocurrencies.
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