Tron Price Analysis : TRX Continues To Shine With Minor Growth

While major cryptocurrencies are slightly stepping towards a bearish trend, many altcoins are still in the race of bullish wave. The leading cryptocurrency Bitcoin is still hovering between $11K to $12K. At the time of writing, the cryptocurrency with slight growth among the top 20 crypto market is Tron with 1.98%  spike, followed by EOS with 1.68% growth.

The total capitalization of all digital assets in circulation settled at  $276 billion, while the average daily trading volume is up to $70 billion.

TRON coin price has been on a roll for the past 24 hours. At Press time, Tron price is increased by 1.98%  against the USD, trading at $0.022858 USD. In term of TRX/BTC, the price surged up to 0.40% trading at 0.00000194 BTC.

The coin is holding the market cap of $1,524,187,923  with $461,512,616 24 hour volume and 66,682,072,191 TRX circulating supply.

TRON Set To Launch SunNetwork

On August 5th, CEO and founder of tron, Justin Sun, announced that the first version of the Tron (TRX) scalability solution called “Sun Network” will be released on Aug 10.

According to Justin the version 1.0 of the new network will support 100x blockchain scalable solutions. Additionally, the Sun Network will also provide a platform for developers to create decentralized applications (DApps).

According to the prospectus of sunnetwork:

Sun Network Plan is an expansion plan for TRON main network ecosystem, including smart contract application-oriented side chain (DAppChain), cross-chain communication and other expansion projects.

As per the prospectus the sidechain ecosystem will support fees-less transactions. Moreover, users can enjoy faster transaction confirmation time.

On the other hand,  Justin claimed that the tron was rated 3rd among the 37 top cryptocurrencies. It was completely based on innovation, technology, and application. The ranking report is prepared by the Centre of Information and Industry Development (CCID) and is christened Global Public Blockchain Technology Assessment Index.

Overall, apart from Cancellation of Buffet lunch, TRON had a fantastic run in 2019. The platform grew significantly in terms of the user base, dApps, and general adoption.

What’s your Tron Price Prediction for 2019? Share your thoughts on our Twitter and Facebook pages.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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