TRON(TRX) the decentralised crytocurrency is focusing on another significant leap into a brighter and more prominent future of TRON project by announcing the update to version Odyssey 3.1 that was achieved with the general community consensus. The new update would introduce the overall better performance of the network regarding smart contract operations, stressing on the fact that the new update should be most appealing to the users and developers of decentralized applications. Furthermore, TRX could reach the top 5 list with the latest updates and developments to the network by the beginning of 2019, whereas more roadmap milestones are waiting to be achieved from 2019 onwards, from where it won’t have to experience much of tragic downfall as experienced in 2018.
The buyers and traders has experienced a hard time in the previous due to such downfalls. However, this year is expected to be the year of TRX. Some redditors and traders are truly hoping for this cryptocurrency to rise in the market.
Because of these significant developments that have happened previously, Tron’s potential have multiplied. Justin Sun has a very good relationship with the market leaders and Tron has partnered with BitForex, FX market company- Shiftmarkets, and even the Chinese exchange OTCBTC. Its partnership with BitForex paves the way to TRON remaining bullish for the years to come. Justin Sun is very influential and has already jotted down TRON’s roadmap, which includes multiple partnerships.
Tron is one of the top 10 global cryptocurrencies which is slowly and gradually gaining authority in the crypto market, and also is one of the most profitable cryptocurrencies. TRON has shown an exponential rise in the past 7 days, i.e, it has increased by around 25%.
TRX is currently trading at $1,731,759,214 USD at price $0.026029 with a circulating supply of 66,643,690,978. At a weekly scale, it has been trading at the rate of 7.66% in the green. The following diagram is from TradingView. We can vividly infer from the Stochastic RSI that TRX is oversold in the past hour. According to the MSCD line, the stocks are expected to fall further in the next few hours. This minor downfall is expected to recover by tomorrow.
Tron having emerged from Ethereum, there are good possibilities for it to reach 0.4 USD in the coming 5-8 months. Project Atlas is going to get rolled out in 2019, which would integrate TRON’s latest acquisition- BitTorrent to make it even more secure.
Tron will heavily boost up its price this year. In the first two quarters, it will be lingering across 0.05 to 0.06 USD. But in the third quarter, it picks up its pace, wherein it reaches $0.07, and by the end 2019, it will reach up to $0.11, which is positive as compared to the last year. In 2019, TRX is expected to experience a huge boost in security and privacy.