TRON is suffering heavy losses, like other cryptocurrencies on the market. On May 31, the altcoin is preparing to launch its own MainNet blockchain and move away from the Ethereum network, on which the ERC-20 token used by the TRON cryptocurrency is built. The TRON Foundation expects this to significantly increase the value of the cryptocurrency.
At the time of writing, the price of TRON has decreased by 11% to $0.068. Considering the state of the market, this is a pretty good indicator. However, if market prices fall, TRON will not be able to survive for long. Currently, TRON ranks seventh in market capitalization according to Coinmarketcap.com, and this despite the fact that the cryptocurrency is still on the Ethereum network. Let us recall that after the announcement of the launch of its own MainNet network, the price of TRON increased by 19%, despite the general decrease in prices on the market.
If the launch of the MainNet network goes smoothly, we estimate that the price of the TRON cryptocurrency could be around $0.10. Launching MainNet does involve some risk, but the company team is doing everything possible to avoid this. At this stage, we have faith in the team given the scale of this update.
Read also: What is behind the unstoppable growth of TRON?
According to https://cryptodaily.co.uk
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