Tron (TRX) is one of the best performing digital currencies in the market. It is a decentralized (blockchain) technology that is aimed at creating a free global entertainment platform where users can send, upload, own, publish, and store data. Tron is a non-profit organization and it is situated in Singapore.
Over 90 percent of the trading of Tron takes place on Binance – one of the top digital currency trading platforms in the world. The ambition of the Tron Foundation is to take over the entertainment market that is now valued at the huge number of over $1 trillion.
TRON Price Today: Current Price of TRX
At the time of writing, the digital currency is holding the number 10 position on the list of top digital currencies based on market cap.
Tron (TRX) Price Prediction for 2019
Being one of the most surging and fast-growing digital currencies, Tron (TRX) has so much caliber and potential to grow in the currency digital currency market. According to the predictions, the digital currency will see a great turning point by the end of this year.
Analysts have predicted that the value of the digital currency 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.
Tron is a new project with a lot of potentials, and it has secured a lot of partnerships too. Its partnerships and advantages could play a vital role in its value in the coming weeks, months, and years.
Tron Blockchain Achieved 100 Million Transactions in 173 Days
Justin Sun released this statement after the blockchain achieved a major milestone earlier this month. The network achieved 100M transactions over a period of 173 days. This means that an average of 578,034 transactions are being carried on the blockchain of Tron every day.
Tron Sees More Dapp Usage
Martin Koppelmann said that a crucial statistic to use in measuring the growth rate of a smart contract protocol is the number of decentralized apps that interact with one another and the usage of decentralized apps. Koppelmann is the founder of Gnosis.ph – a prediction market platform based on the blockchain of Ethereum. According to Koppelmann: “The usage of Dapps is the number we care about. The next thing is to look out for the number of decentralized apps that interact with each other and benefit from each other for being on the same platform. As a side effect, the value of Ethereum (ETH) will then be a function of the demand for the use of apps in this open, reliable, and interrelated environment.” Tron is a smart contract protocol just like Ethereum, and the value of Tron comes from the ecosystem of its decentralized apps and active users.
Tron Dapp Usage Exceeds that of Ethereum
The top three decentralized apps on the Tron network have 2,300 users on average. TRONbet records 2,500 active users and a transaction volume of two million on a daily basis, according to DappRadar. DappRadar is an online platform that provides data on the usage of decentralized apps on major blockchain networks. In comparison, the top three decentralized applications on blockchain of Ethereum has 700 users on average. The three biggest decentralized apps on the network are IDEX, Crypto Heroes, and ForkDelta. However, EOS accounts for the highest number of decentralized app users on its network.
EOS is the world’s second most valuable smart contract protocol after Ethereum. The top three Dapps on the network have almost 5,000 users on average; this is more than the Dapp users of Ethereum and Tron combined. The top three Dapps on EOS are EOS Knights, PRA CandyBox, and EOSBet. The Dapp usage on the network of Tron has recently exceeded that of Ethereum in terms of daily active users and decentralized apps. Tron and EOS have been focusing more on scalability over the past couple of months. They are focusing more on scalability in their development with the aim of supporting as many decentralized apps as possible in the ecosystem. This is something Ethereum has been lacking, and that is why a lot of developers on the network are now moving to either the blockchain of EOS or Tron.