The cryptocurrency market is a highly competitive space where the fittest players win. Every company strives to get ahead and makes every possible effort to achieve this. TRX is not the least among the most outstanding tokens on the market. The Tron Foundation aims to gain an edge over others through a series of developments, improvements, and enticing offers that should propel the coin to the forefront.
The company recently completed a successful transition from the Ethereum blockchain to MainNet with a full migration of tokens to the new platform and celebrated the independence of its network with a ceremonial burning of TRX tokens in the $49 billion ERC20 ecosystem. The company also burned 1 billion TRX coins a few days earlier. In addition, the company launched its own wallet, calling it “the best wallet ever” on Twitter.
The company is currently holding elections to determine from 100 applicants the top 27 candidates who will govern the TRON community.
Between Meanwhile, some cryptocurrency exchanges, Okex, Houbi Pro, Binance, among others, have completed the Tron transaction upgrade, but many others are still in the process. Justin Sun, the creator of the Tron cryptocurrency, tweeted that "the competition to trade 1,000,000 TRON (TRX) is still ongoing."
So, while the improvements are having a big impact on coins in the crypto space, some observers have suggested that Tron may now be "trying to embrace the vast" as developments follow one another and could negatively impact its image TRX.
The coin's recent fall from 10th position is also attributed to increased attention, however, there is hope that Tron will soon return to the top 10 coins and perhaps even take 6th place, as predicted by Justin San.
According to ethereumworldnews.com
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