Tron is currently ranked at the 9th position according to market cap. The current price of Tron is around $ 0.081. The market cap is around $ 5 billion. However, in the end of May, Tron is going to launch the Tron TVM. It will be entirely compatible with Ethereum EVM. This is actually a pretty big announcement. Moreover, by the end of May that as on 31st May, it will be launching the Tron Mainnet. As a result, the capacity of Tron to handle the transactions will be 100 times that of the Ethereum network. As a result, proper scalability will be achieved as well.
The network will be tested from June 1 to June 24
The network will be tested from June 1 to June 24. Thereafter, it will be launched on June 26. That is why, with so much of testing going on, the network launch is slated to be a huge success. Also, these developments are bringing in more and more attention to Tron. If indeed, the network testing is perfect, the value of Tron will increase significantly. This is one of the main reasons why people are thinking of investing in Tron currently. You need to understand that if indeed, Tron mainnet is brought to mainstream, you can be sure that the value of Tron will rise by at least 20% to 30%. You have to keep this factor in mind and thereafter only you have to think about investing in Tron.
It will be dependent on the testing of the Mainnet
You need to also understand that a lot will be dependent on the testing of the Mainnet. If the testing goes fine and if the rollout of the network is perfect, it will be easier for Tron to increase significantly as well. Many experts even believe that if the network testing is fine and the rollout is perfect, it can propel within a year as well. This is one of the main reasons why Tron might be on the verge of the breakout.
While investing, you have to 1st look at the charts of Tron. If they also indicate upcoming momentum, it will be easier for you to make a decision about investing. Otherwise, it will be a good idea to wait for a certain period of time before investing so that you are able to catch Tron at the bottom levels and not at the higher levels. All in all, you have to also ensure that it holds only limited value in your entire portfolio. Tags:
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