Altcoins News

Hope for Tron (TRX) returns following Justin Sun’s positive prediction

On Monday, October 8, traders are more hopeful for Tron’s price surge following Justin Sun’s positive prediction. This is despite a pullback that took place over the weekend which saw the total market cap drop to $217 billion. Additionally, Tron’s price may experience impressive gains following the launch of the Tron Virtual Machine (TVM).

Price Analysis

Currently, Tron’s price is trading at $0.0269 after an increase of 12% in the last 24 hours. The coin’s trade volume has doubled from $170 to $340 million overnight as TRX enjoys a 23% gain on the week. Plenty has been said in the industry regarding Tron camp with new TRC20 token development plans for mass scaling and lots of marketing tactics from the coin’s co-founder.

News and Developments

In a telephone interview for the finance portal Investopedia, Justin Sun stated that Tron will move up to one of the top ten digital coins in less than 6 months. Justin attributed his optimism to the intense work that Tron team has does daily to innovate and offer the best blockchain in the crypto industry.

Further, Justin stated:

“Tron (TRX) is set to surpass Ethereum on the road to becoming the world’s largest decentralized protocol. We will be delivering on these key milestones in the last quarter of this year and the first quarter of 2019”

Following Justin Sun’s positive prediction, the coin’s price surged a cool 12% in the day, a signal that has helped regain hope in the coin. Sun added that the firm will leverage Tron’s blockchain expertise to enhance the decentralized Bit Torrent protocol, which has over 100 million monthly active users.

Moreover, the Tron Virtual Machine may be activated today, after Justin Sun made the announcement through Twitter. Sun added that this development will usher in a new era of smart contracts on the Tron network.

Do you think these developments will have any significant impact on Tron’s value and price?

Share your views in the comments section below

coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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