Tron Price Increases:: Is There A Hype Behind TRX?

TRON (TRX) has been in the news lately because of its amazing popularity and the fact that it entered the ‘Top 10’ list of largest cryptocurrencies by market cap. The TRON price skyrocketed too and even outperformed Bitcoin in its previous week’s performance.

For this reason, many people have their eyes laid on TRX and the TRON price which has increased because of the cryptocurrency’s hype wave and the rise to around billion in market cap (coming from .
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5 million this March). The founder of TRON, Justin Sun, also said that the TRON price is rising because of a successful airdrop for the complete Ethereum community.

Progress Report: #TRON 30M #TRX Airdrop to #ETHEREUM Community, people who didn't get #TRX airdrop, please bear with us as we work through #ETH congestion issues. Thank you for your patience! https://t.co/L4YqMikan9

— Justin Sun (@justinsuntron) May 1, 2018

Meanwhile, TRON is cryptocurrency created by Justin Sun who is a very popular Chinese entrepreneur. Every detail you want to know about TRON you can find it in the whitepaper of TRON. There was one time when TRON’s ICO got so popular that Binance crashed. In December 2017 the TRON price grew extremely. It started trading for 0.2 cents and then it increased to $0.67 which was a pretty big jump.

Every transaction that is made with TRON is saved on the blockchain ledged and also TRON is a great supporter of blockchain networks such as Ethereum and Bitcoin. One thing I find interesting about TRON is its ability to creating a platform that will reward its creators directly. However, most of the cryptocurrencies including TRON are still ‘’young’’ and that is the reason why we can’t see any real-life usage at the moment, so investors are not yet very keen on the small coins. We do, however, think that the TRON price has a bright future ahead.