The TRON (TRX) hype and lineup of events appears to be bearing fruits already. However, it is not yet time to pop the Champaign yet; more good news is coming and this should keep the TRX holder adrenalin zapping. The timing of the super Representative (SR) elections is just right and this is poised to see a platform that is self-governing.
It has been a tense period for the TRON community and the platform founder, Justin Sun has been keeping their hope alive and the results are already being felt across the crypto-sphere. His efforts to solidify the outfit position in the market could usher in a new era for the token come June 26th.
TRON (TRX) 30 Day Achievements
Seen as a distraction for the TRON events, a lot has been achieved in the last days with the Binance listing of TRX token being the highlight. This is one of the largest exchanges in the world and means a lot to TROON going forward. The exchange is not only offering full support during the token migration period, it is set to make TRON a global brand.
Binance is also a strategic TRON partner; being paired with USDT, TRX is poised to achieve its future liquidity goals. This is one of the reasons the TRX price has remained a dwarf amongst the crypto-giants. Once the transition is over and all technical details ironed it, it will be a time for the TRX holder to whistle to the bank.
TRON (TRX) Long-Term Growth
The strategic support that the token is getting from Binance is seen as a major catalyst that will spur the TRX price to the next level. The exchange has the best and largest wallet in the market. Secondly, it has USDT as a pairing which that TRX can use to actualize its full potential in the market towards a competitive future.
TRON autonomy will see it edge closer to delinking from Bitcoin subtle control of prices in the market. With self governance come into pave before end of June, TRON will be able to use USDT influence to clip down BTC market control. Remember USDT has over 18% market share and is giving BTC a run for their money.
To complicate the market further, only TRX and EOS tokens have been able to hold strongly on to a market that has been nose-diving for a couple of months. The TRON resilience is not build around hype and dwindling investor confidence but a solid foundation of the future focused coin.
TRON (TRX) Super Representative (SC) Elections
TRON is set to become one of the first blockchain democracies after the SC elections scheduled for June 26. The election manifesto is out and the event is set to roll. This will result is a platform that majority of the participants have a say and decisions arrived at through voting.
The elections timing is just perfect; it comes immediately after the MainNet launch and the hype is anticipated to surge TRX price and this can lead to a major breakout given that most 10 rated coins and tokens are showing marginal gains and holding on to the green trading zone.
TRON (TRX) Trading Trend
The last 24 hours have seen most coins and tokens trade in the green with some recording impressive gains. TRX has not been left behind after several weeks of zero-gains. The market correction might not be as stable as many investors think but for the TRON community, it is celebration time however short lived it may last.
The TRX token is trading at $0.045006 after a slight gain to the dollar of 4.59%, 3.08% to BTC and 0.44% against ETH. This could be a shirt-term spike occasioned by the anticipated BTC price recovery. Both BTC and ETH are trading on the green but the gains are nothing to write home about given their recent nose-diving performance in the market.
TRON (TRX) holders are optimistic that the MainNet and transition will bring in good news. This could also coincide with a breakout in the market and will stand to benefit from the anticipated institutional uptake should the market improve going forward.