Tron (TRX) climbs up the crypto market ladder ahead of Justin Sun’s secret project big reveal
Tron founder Justin Sun mentioned about a secret project that he said would reveal on July 30. While the community eagerly waits for the announcement regarding the same, Tron token TRX moves a rank up, pushing NEO down.
It is fair to say that both the coins are trying hard to attain a spot in top 10 cryptocurrencies by market cap list. Both the platforms have enticed developers to build their decentralized application projects, which can be seen by the numbers of projects launched on their mainnet.
Currently, NEO has at least 60 DApps under development, such as AdEx, THEKEY, and RedPulse. On the other hand, Tron has around 9 DApps projects developed on their newly launched mainnet plus – an incentive program to attract developers to build on their platform.
Tron isn’t the only one to drop hints of a secret project, NEO did the same by mentioning that their team is working on NEO 3.0 without giving away any details. Just like TRX community, NEO community is also busy guessing what exactly will be included in NEO 3.0. However, the NEO community believes that the team might be releasing a new version of NEO’s whitepaper sooner than expected.
TRX price prediction 2018
According to Finder, "Our panelists are optimistic about TRON, predicting the price to increase by a whopping 207% by August 1, 2018, and by 342% by the end of the year." By December 31, 2018, Fred Schebesta predicts a low of $0.01, saying, “With TRON’s mainnet just launched, I think the price will be driven up. I don’t expect this to continue. I’m skeptical of this coin and the scandal that’s surrounded it.”
The highest prediction comes from Joseph Raczynski at $0.09, who says, “TRON is also migrating from its initial platform and, like EOS, might have some blips along the way. I think this is a crypto to watch, knowing it has potential but will be subject to swings in the next several months.” According to investingpr.com, within 5 years, TRX is expected to trade around over $1.
According to Smartereum, "analysts have predicted that the digital currency will increase to $3.75 by the end of this year. They also predicted that the price of Tron might hit the $12 mark by the end of 2019. Based on the analysis of the present value of the digital currency, they have also predicted that by 2020, the value of Tron could get to $52.91."
According to Cryptocomes, "Recently, the TRON Foundation celebrated its Independence Day and burned one bln TRX tokens that cost $100 bln. From then on, the total amount of the emitted TRX turned 99 bln. By doing this, the Tron Foundation is trying to solve the question of the supply predictability. Now token holders know the exact number of the coins circulating out there and that is supposed to bring on investor confidence."
Other Related Articles
Image via Shutterstock
Join our Telegram group