TRON (TRX) is checking off boxes in its plan to a complete launch, but all eyes are on the price, looking for at least some recovery. TRX has remained low around $0.035 for a relatively long time, and the price is starting to look attractive again.
!TRON!
One of the reasons for the TRON rise is the relative increase in the share of USDT trading, up to 31%. This trading on Binance may boost the price, although there are also the risks of a short-term pump. TRX is no longer supported by early-adoption enthusiasm, and is instead another mature asset, used for speculative trading gains. At least for one more quarter, this will be the situation for TRX, until the network starts delivering its products.
The TRON elections are also moving slowly, with only three Super Representatives displacing the TRON servers. It is possible the voting is taking long, since most tokens have been sent to exchanges.
What is curious about TRON is the news that the mainnet launched on June 25. However, the network claimed the launch to be at the end of May - but then, there was no native TRX asset for the network. After June 25, reportedly the network can transfer the new TRX digital asset. However, transactions are still slow - 31 within an hour still shows network activity is low, according to tronscan.org.
However, the social media and popularity profile of TRON remains disproportionately high - the asset does not line up among the most traded coins, but it is one of the most searched recently.
https://twitter.com/justinsuntron/status/1013646375035105281
TRON launches its mainnet with the promise of distributed apps just at the time when EOS is showing challenges to running, due to the speculative marketplace for RAM. TRON offers another model for the running of dApps, but time will tell if the model is successful.
At the mainnet launch, the total supply of the new TRX tokens will be 99 billion, after the burn of 1 billion TRX to celebrate the TRON Independence Day. Another 33 billion tokens, belonging to the TRON foundation, will remain locked until January 2020.
Just like many digital assets, TRX is once again seeking direction after a long slide from peak prices. Some see TRX as repeating the climb of Ripple (XRP), which hovered at sub-penny prices. However, the TRX circulating supply is much larger than that of XRP, and the Ripple project has a more substantial token lockdown, leaving just 39 billion tokens circulating.
This article appeared first on Cryptovest
